QUALITY ASSURANCE FRAMEWORK FOR NEW PROPERTY DEVELOPMENT
Corresponding author:
[email protected]
Accepted
28 March 2026
Available Online
15 September 2017
Abstract
BY 2050, 70 PERCENT OF THE WORLD POPULATION WILL BE LIVING IN URBAN ENVIRONMENTS. ALL THIS HAS STARTED WITH THE UNPRECEDENTED URBAN GROWTH IN THE LAST FEW DECADES. REGARDLESS OF WHETHER A COUNTRY HAS A SHRINKING POPULATION, CITIES ARE STILL GROWING AND THRIVING. IN 20 17 THE EU HAS SEEN ITS BEST YEAR IN NEW PROPERTY DEVELOPMENT SINCE THE DIP OF 2010 AFTER THE GLOBAL ECONOMIC CRISIS IN MEMBERS RANGING FROM THE UK TO ROMANIA. HOWEVER, THE PROBLEM OF BUILDING QUALITY HAS STARTED EMERGING. IN MARCH 2017, A SURVEY CONDUCTED BY YOUGOV FOR THE HOUSING CHARITY SHELTER FOUND THAT 51% OF HOMEOWNERS OF NEW BUILDS IN ENGLAND HAVE EXPERIENCED MAJOR FAULTS, IN ROMANIA, ANNUALLY THERE ARE HUNDREDS OF COMPLAINTS ABOUT ABUSES IN CONSTRUCTION BUT THE MEASURES BEING TAKEN ARE TOO FEW WHEN COMPARED TO THE NUMBER OF NEW PROJECTS. THIS PAPER PROPOSES A QUALITY ASSURANCE FRAMEWORK BASED ON BLOCKCHAIN TECHNOLOGY WHICH WILL ALLOW A MORE TRANSPARENT HOUSING DEVELOPMENT MARKET WITH MORE ACCOUNTABILITY AND OPPORTUNITY FOR LESS ESTABLISHED COMPANIES TO COMPETE.
Keywords
URBAN GROWTH
PROPERTY DEVELOPMENT
BUILDING QUALITY
QUALITY
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