Interview with CryptoRobby: Bitcoin Lightning Network is crap!


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This article is machine translated, Original Interview with Georg Steiner, – original in German language


Thank you  for your time Robby Schwertner aka CryptoRobby. The crash of the cryptocurrencies at the end of 2017 has shocked many crypto fans first. Was that a cleansing storm or the hard landing on the ground of reality?

The price increase in autumn and winter 2017 was dramatic, it went vertically upwards. Therefore, it was clear to experienced traders that this would not end well. And so it came in January and February 2018 to the big crash. Many weak blockchain projects and scams have been swept away by the market. Suddenly Bitcoin and cryptocurrency were not so cool anymore, crypto trading was not that easy anymore.

I think it was very beneficial that it came to a market adjustment, it sifted chaff from the wheat. People working on long-term projects now have a chance to program their blockchains and develop their decentralised applications with much less hustle and bustle.

Currently, I see the market in a sideways movement, which will certainly last for another 2-3 years. Well-known, but not undisputed, influencer Julian Hosp saw the bitcoin price of $ 50,000 in July. He had to retract his forecast recently. Such announcements are simply dubious.

Already in March, I warned that 2-3 difficult years for cryptocurrencies are imminent. There is a pattern in the Bitcoin price that occurred in 2011 and 2013: a sharp rise followed by a crash and a longer phase of sideways movement. Of course the conditions are similar.

But in the near future, I see no highs for Bitcoin but the hard slog. The weakness of the Bitcoin Lightning network is evident. In my opinion, this is a total faulty design. This will certainly make Bitcoin not attractive. Why? The system of channels requires funds to be put in the system, only small amounts of up to 50,- US-Dollar can be transferred and it still has many bugs.

Is the blockchain’s technology actually “The Next Big Thing” or is it threatening to sink after a blaze?

Yes, Blockchain has the potential to disrupt entire sectors. The explosive force is that instead of sending information over the Internet, you can now transfer values. The internet is great, but it is weak when you transfer value, like money or stocks, or km performance. Then one still needs a so-called “unity of trust”.

When I transfer online, there is still a bank in the background, which guarantees that the transactions will be carried out. For Bitcoin and many other crypto-currency, banks are not needed. I will send the amount and it will be sent directly over the internet. I have no access afterwards and the counterpart can manage the funds.

By the way, Nobel laureate Milton Friedman predicted 20 years ago that there would be an internet-based currency. Because there is no reason why only a nation-backed currency may be used. When people gain confidence in other forms of currencies, there could be a breakthrough. For example, a blockchain-based cryptocurrency may then become a world-wide reserve currency that is not controlled by a single nation.

My dream is a United Nation Currency, not controlled by a single nation

I think this vision is just wonderful. The financial sector is ne of several areas being overhauled by Blockchain. There are also promising approaches in the energy sector, for transport, for the travel industry, for the management of personal data. Cryptocurrencies may be a hype in the short term that has now hit the ground of reality, the bubble of Blockchain will certainly not burst.

What is your mission as CryptoRobby, as an ICO Advisor, Social Media Influencer and Keynote Speaker?

My personal mission as CryptoRobby is to find and support blockchain-based applications that add value to people, benefit to society. For this I have created your own hashtag: #ReturnonSociety. It is derived from return on investment.

Investors always have the profit and want to make as much profit as possible with their capital, a return on the investment. I created the persona CryptoRobby to support projects with growth potential, which I consider very important. We have to reach people in daily life. And it should offer added value. We want to develop blockchain-based services that make our lives simpler and cheaper, which will make the economy easier for us with cash, various credit and debit cards, and so on. Where apps are developed that provide true mobility solutions.

How do you assess the further developments in the regulation of cryptocurrencies and ICOs? What would make sense and what hinders further development?

Regulation is necessary. The first step is first a definition of terms. Cryptocurrencies are currently differentiated into coins or tokens. Coins tend to emphasize the money character, while tokens are more likely to be vouchers. However, there is no clarification in any case law worldwide. It is also nowhere defined in a law.

In order to achieve legal certainty for start-ups and thus promote innovation, regulation is important. However, even countries with strict regulations, such as the US, China and Germany, are seeing many start-ups migrating and being forced to leave the country.

Countries such as Malta, Liechtenstein and Singapore offer a broader legal framework here. I participated last week in a large blockchain conference in Malta with over 8,500 participants. This is remarkable for this small island state.

The Prime Minister of Malta gave the opening speech and promised his full support to the blockchain start-ups. Here, Malta uses its opportunity very skilfully, while countries like Germany, Italy, Poland and Austria have already missed the train. Liechtenstein is also positioning itself very clearly, as from the end of November 2018 a specific blockchain law comes into force. The small state of Liechtenstein already accommodates four times as many Blockchain companies as the neighbouring state of Austria.

What could bring the final big breakthrough of cryptocurrencies? Does it have to be a financial crash first, or is it enough for institutional investors to make big investments?

It will be a mixture of both. Well-known economists predict a substantial global economic crisis over the next 18-24 months, with countries such as the US or Brazil adding to their fears. At any rate, it can be seen that countries in crisis tried to use cryptocurrencies as a lifeboat as an alternative to the worthless state currency.

Venezuela put the PetroCoin on the way, the project failed, incidentally, because it was very poorly managed. In crisis-stricken Greece, people fled to Bitcoin early on because their own currency depreciated sharply. Russia considered circumventing sanctions with cryptocurrencies. Could be good that a financial crash uses cryptocurrencies.

The entry of institutional investors is imminent. They wait until the fog clears and you have a clearer view of the crypto currency landscape. I myself offer analyses for crypto currencies with a partner. We offer these analyses to banks and financial institutions and the interest is very high. Banks do not want to act yet. But they are ready to train their employees because they receive hundreds of requests every day and are not yet allowed to enter cryptocurrency trading because of their own strict guidelines. That will change very soon.


Here and there, states and start-ups experiment with digital Fiat currencies. At the end of the day, could cryptocurrencies cause cash to disappear and national banks use technology to fully digitise Fiat currencies?

Cash will disappear even without cryptocurrency. It is only a matter of a few generations. Then one wonders why one has used so impractical metal coins and paper notes. Just as we are surprised by early currencies such as shells, gems and gold lumps.

Cryptocurrencies could cause classic cash to disappear even faster. I was in Hungary, Switzerland and Austria last week. I needed three different currencies. And these countries are not big states, they are not even as big as Shanghai or Tokyo together.

My dream is that we get a new reserve currency that is not tied to a state. If national banks put on their own cryptocurrencies, I find that not spectacular. There are also research reports that for large countries, creating a separate cryptocurrency is not an advantage, for smaller currencies saw benefits due to the cost savings.

The well-known German stock market expert Dirk MĂĽller is convinced in his new book “Machtbeben” that Bitcoin was an invention of the NSA in order to test the technology anonymously. What do you think of such theories?

I know the book by Mr. Dirk MĂĽller. He claims something he can not prove. Such statements are a symptom of our time, it shows how sick the system is. Through social media, Mr. MĂĽller serves an audience that like to hear such conspiracy theories, he serves this auditorium.

What makes me angry is the way people are taken for idiots. Skilled rhetoricians like Muller and Julian Hosp are the new preachers of wealth, they explain the world to us. And through their reach they collect funds. Mr MĂĽller announced the day before yesterday that a fund in his sphere of influence has just exceeded the 100 million mark and that everything is going well. Clearly for him, things are going well. For the majority of traders with small income, things look quite different, they lost fortunes in this year!

Interview with Georg Steiner, – original in German language

Forbes partner ICO Civil failed to raise $8 Million


Forbes partner ICO Civil failed to raise $8 Million! Just 10 days ago Matt Coolidge, founder of journalism platform The Civil Media Company announced a cooperation with Forbes media giant. The collaboration was a “milestone for the block chain-based journalism,” said Coolidge on Medium.

The joy, however, was only of short duration. The blockchain startup failed to reach the $8 million soft cap and canceled the ICO. Seems to be the end of the days when promoters simply had to hint at collaborations with established companies to impress investors.

Civil CEO Matthew Iles said it was probably too complicated to buy tokens. However, there were more problems as it was not clear why blockchain would be used. ICO projects fail all the time, of course.

But Civil’s stumble is particularly notable because the platform recently grabbed headlines due to its partnership with the two mainstream media organisations. Obviously ICO investors becoming more selective in general. First signs that we are back to a kind of normal.


Austria´s Government uses Ethereum public blockchain to issue €1.15 billion government bonds

Bildschirmfoto 2018-10-03 um 11.19.34Austria’s government is set to use the Ethereum (ETH) public blockchain to issue €1.15 billion ($1.35 billion) of government bonds in an auction next week, local news outlet Kleine Zeitung reports.

Oesterreichische Kontrollbank (OeKB) — one of Austria’s biggest banks with $26 billion in assets in 2017 — will reportedly operate the live blockchain notarization service. During the auction, scheduled for October 2, the bank will issue the bonds on behalf of the Austrian Treasury (OeBFA).

Austria’s Finance Minister, Hartwig Löger, noted that the ministry considers blockchain tech “forms a focus on economic policy,” adding:

“Through setting up the FinTech Advisory Council at the Ministry of Finance, we are developing strategies enabling Austria to benefit optimally from these developments.”

OeKB says this will be the the first time a blockchain-based notarization service will be used as part of a Federal Bond Auction in Austria. The procedure, which has reportedly been successfully tested, will draw on a system that has been developed internally by the bank to “notarize data from Austria’s established system — the Austrian Direct Auction System (ADAS) — “as hash values on the Ethereum public blockchain.”

As Kleine Zeitung notes, the use of blockchain in this instance does not go as far as issuing tokenized bonds that would function in parallel to existing paper or digital systems. However, as Markus Stix, managing director at the Austrian Treasury, told Kleine Zeitung, the use of the technology has key benefits for both security and cost reduction:

“This added security contributes to achieving a high level of confidence in the auction process for Austrian government bonds and strengthens Austria’s good standing in the market, which indirectly also has the capacity to contribute to favourable financing costs.”

Earlier this summer, Cointelegraph reported on a major joint initiative between the World Bank and the Commonwealth Bank of Australia (CBA) to issue a public bond exclusively through blockchain. The A$100 million ($73.16 million) deal entailed two-year bonds that were priced to yield a 2.251 percent return.

This spring, Sberbank CIB — the corporate and investment banking arm of Russia’s largest bank Sberbank — conducted the first reported blockchain-based commercial bond transaction in Russia.



Call for Proposals: Blockchain for Consumer Electronics Retailer

Call for Proposals

A leading multinational Consumer Electronics Retailer plans to apply blockchain and a Coin or Token for their distribution and sales business.

If you are interested in a cooperation, have ideas to share please mailto: until 31st of August 2018.


With hundreds of huge stores to sell TV, refrigerators, cameras, coffee machines, laptops and more the retailer is one of the largest worldwide.  McDonalds coins for BigMac, Starbucks thinks about using coins, SingaporeAirlines uses cryptobased Krispay, Walmart uses blockchain for supply chains. Still in retail not much has been done yet.



=> Tell us how you think blockchain can be used in consumer electronic retail business (not: production)

=> Point out use cases for payments, vouchers in sales

=> Introduce ICOs/blockchain projects which could be of interest

=> Share crazy ideas and critical views



Opportunity for a cooperation, or at least visibility for your person and idea!

If you are interested in a cooperation, have ideas to share please mailto: until 31st of August 2018.


This is to bring cryptos to the people.
This is why I support it.
This is #ReturnonSociety.

Cryptocurrencies and Bitcoin in China: BTC hero Bobby Lee explains how Chinese people still manage to trade

Bildschirmfoto 2018-08-10 um 23.35.54.pngWhen I participated last week at the Blockchain Open Forum in Seoul, South Korea, where China’s first crypto exchange BTCC CEO Bobby Lee told us that people in China are still trading cryptocurrencies even after the Chinese government imposed a strict ban on crypto trading in September 2017.

Regulatory State of Crypto in China is still unclear


It is still very obscure how the blockchain and cryptocurrency sector is treated in China. The country’s government banned cryptocurrency trading in autumn last year to avoid outflow of the Chinese Renminbi to other major countries. However the government supports local blockchain projects and public blockchain protocols like Ethereum ever since.

In April 2018, the government of Hangzhou, one of the more active regions for technology development and innovation, backed a $1.6 billion blockchain fund to finance emerging startups working on commercializing and implementing sophisticated blockchain-related solutions.

Two months after the investment of the Hangzhou government in a 1,3 billion dollar blockchain fund, China Central Television (CCTV), a state television network controlled by the government, reported that the blockchain has the potential to become 10 times the value of the Internet with wording that demonstrated absolute certainty from the Chinese government about the long-term success of the blockchain.

CCTV reported:

“Blockchain is the second era of the Internet. The value of blockchain is 10 times that of the Internet. Blockchain is the machine that produces trust”.

For speculators and investors outside of the Chinese cryptocurrency market, the government’s support towards blockchain projects and its antipathy for cryptocurrency trading may be difficult to evaluate.

It has been evident based on the initiatives led by the Chinese government that it is highly optimistic towards the blockchain. Bobby Lee, the CEO of BTCC, said at the Blockchain Open Forum that the ban on cryptocurrency trading imposed by the Chinese authorities can be attributed to the idea that the value of major digital assets is currently overvalued and an outright ban on trading would cause the price of cryptocurrencies to decline.

Lee made clear he believes the market will continue to operate freely in the global space, with minimal impact and interference from the Chinese government. Lee also revealed that many investors and traders within China are still initiating cryptocurrency trading, adding that the volume of cryptocurrencies in China continues to remain high after the ban.

In February 2018, Hong Kong-based mainstream publication South China Morning Post reported that the Chinese government ordered its banks to completely stop cryptocurrency trades by cutting out services to exchanges. The government requested foreign platforms to stop providing services to local users as well.

Demand is Still There

While the official China banned cryptocurrency trading, the demand for digital assets is increasing daily, partially fueled by the government’s optimism towards the cryptocurrency and blockchain sector.

Lee concluded that the rising interest towards digital assets as long-term investments signify the acknowledgment of cryptocurrencies as a new asset class that can co-exist with the current financial system.

Bobby Lee is the co-founder and CEO of the first and definitely one of China’s biggest bitcoin exchanges, BTCC. All cryptocurrency exchanges have been closed down by the Chinese government last year. Lee said he is lucky that he was able to travel and visit the conference in Seoul. He heard that some other founders of Chinese exchanges still apply for their passport.

He believes there are two reasons why Chinese trade so heavily and intensively although officially not possible:

  1. Chinese love of investing and
  2. the popularity of bitcoin mining in the country.

“Chinese people lack a lot of opportunities to invest,” Lee told Business Insider. “Bitcoin is a high-growing, volatile asset class. In some ways, it’s a very ripe opportunity for day trading to make money.”

Swings of 5% or more in a single day for bitcoin are not unusual, representing an opportunity for speculators to make a quick buck on the currency — or of course stomach a sizeable loss.

Bobby lee on twitter: @bobbyclee

Follow my twitter for more: @CryptoRobby


Pictures: CryptoRobby 🦋


Crypto crowd never sleeps!

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When waking up in the morning, we tend to check Whatsapp messages, scroll through Instagram or facebook, have a look at LinkedIn, open some emails (did the boss text me?). Many people take their mobile devices to bed and wake up with it – I admit, I often do too!

Especially people working with blockchain, coding, managing an ICO, social media community managers lose the clear structuring of day and night in this digital networked 24 hour non-stop society.

Smartphones can also be “stimulants” for another reason: The screens usually emit high levels of blue light. And that confuses the human body, which believes that it is still daytime outside and sends the signal “Unlock the day mode!” to the internal clock.

Especially crypto crowd has not yet found the right balance in the use of the laptop, the smartphone, tablets. A smartphone that is switched off on the table distracts you from immersing yourself in the conversation as if your smartphone was not on the table.

Smartphone addiction is a common affliction of today’s youth, young adults, and thirty-somethings. The ability to acquire information instantly at one’s fingertips has drastically altered the way people communicate and consume information.

A group of people can often be seen crowded around a table at a restaurant or bar, each one with his or her eyes glued to the hand-sized glowing screen. Even more: If we look in restaurants, one might think that today, smartphone belongs to the cutlery, leaving out is a difficult exercise, and if we adults set such rules for our children, we must adhere to them as well.

Main problem of people working in the blockchain sphere is that it seems they never sleep. Chronobiology is a field of biology that examines periodic (cyclic) phenomena in living organisms and their adaptation to solar- and lunar-related rhythms. And amongst active blockchainers and crypto folks this natural cycle is often very disturbed.


I just can draw the following conclusion: let´s sometimes go out without the smartphone, let´s try to read a book, to go for a walk in the forest completely offline. And realise how addicted we are: NO PIC for Instagram, no checking of messages?

Yes, it is hard, but we have to admit that we all are addicted!!!

But admitting that, is the first step to change it.

Blockchain & Construction Industry: nightmare or sweet dreams


Construction industry use cases typically involve an owner, the architect, engineers, a general contractor, subcontractors, and suppliers. The owner holds contracts with some of the participants, but not all. Businesses like the subcontractors and suppliers will hold contracts with the general contractor rather than with the owner.

One issue holding back change is that Construction is a highly regulated industry, for obvious reasons. Think about the built environments we inhabit and all we expect from them. Primarily they provide shelter so need to be structurally sound, built from materials that won’t make us sick or burn easily. If they do catch fire then minimum requirements for fire door widths, escape route signage and distances are needed. We expect the lights will work and not to be electrocuted by a power socket.

Construction brings together large teams to design and shape the built environment. With technology and in particular Building Information Modeling (BIM) becoming more widespread, openness to collaboration and new ideas is increasing across the industry. This momentum could be leveraged to bring the use of Blockchain technology to the fore.

Integration of Blockchain and the Building Maintenance System (BMS) could lead to a building’s DAO (Distributed Autonomous Organisation) placing an order for a new light fitting, accepting delivery and liability for it, calling out someone to install it and paying both the supplier and installer. Payment would be made from the DOA’s wallet (bank account) which is connected to wallets of those that live in the building. It’s not a far jump to see that rents could be collected, body corporate fees, and insurance payments all managed autonomously by a building’s DAO.

For the construction phase it’s no different, it just takes more human input to clarify requirements and make decisions to meet those requirements; which light fitting, paint colour, temperature range in rooms.

Despite the increasing awareness towards tech in construction, advances have predominantly supported the current approach to building. By embracing Blockchain the industry may see the fundamental disruption underway in other industries.

What might a fundamental disruption of our current construction approach look like? One way to imagine this shift is to examine the procurement process for most buildings.

Currently, the number of direct contracts with a client is limited to consultants and a main contractor. The main contractor engages subcontractors to carry out the specialised work.

12 Initial Coin Offering (ICO) related to the construction industry:


CONDA launched its crowdinvesting platform in 2013. The blockchain infrastructure presented the logical step for bringing crowdfinancing to the next level by utilising the most efficient technology, supported by their experienced team and partners.

Their mission is to create the financial market of the future. They are building a decentralized network protocol for issuing and managing tokenized equity offerings of SMEs, Start-ups and Real Estate Projects.


BUILDcoin is freely tradable digital money, developed to – as stated on their website – to revolutionise the construction industry through real-time, peer-to-peer payments within the BUILD1x Mobile Platform. BUILD1x serves homebuilders, commercial builders, building supply and product manufacturers, contractors, sub-contractors, construction workers, architects, engineers, and companies that support the construction industry.

If there is an industry bound to benefit in a big way from blockchain technology, it is the real estate sector. Since the beginning of real estate sales, the industry has been ripe for fraudulent activities, some even leading to global recessions.

Given the amount of wealth that circulates in this industry, the traditional trust-based real estate management models have always been inefficient and insecure. Blockchain technology is all about transparency, efficiency, and security, and is, therefore, a good fit for the sector.

From settling disputes between landlords and tenants to streamlining the mortgage process and opening up the global real estate industry to ordinary investors, new blockchain-powered technologies are emerging daily. Here are the top 9 ICOs we believe will revolutionize the real estate sector.


RxEAL is an Ethereum-based platform providing escrow services and decentralized dispute resolution for the real estate sector. The project specifically focuses on the rental market, where disputes regularly arise between landlords and tenants with regard to security deposits. Through smart contracts, RxEAL not only guarantees the tenant that the deposit will be returned, but also ensures that it is returned within the agreed time.


TokenLend is a blockchain platform allowing anyone, anywhere in the world to invest in secured real estate loans using cryptocurrencies and fiat currencies. The TokenLend project aims to enable small investors to participate in the global real estate markets without fear by helping them build a secured loan-based investment portfolio that delivers competitive, predictable and consistent returns.


Rentberry is a decentralized rental platform that brings together landlords and tenants and uses smart contracts to ensure that the rights of both parties are safeguarded. The Rentberry platform brings about transparency which is vital to both sides.

For the renter, transparency in rental fees translates to savings while for the landlord, knowing the credit scores and the rental history of their clients is vital in making decisions. The platform also helps the landlord in payment collections and dispute settlements, therefore saving costs.


Propify is a blockchain and smart contracts-based social media marketing platform for the real estate sector. The platform goal is to be the best alternative to centralized property portals such as, Zillow, Zoopla and others by offering solutions to the critical issues attached to their use. These issues include inefficiency, complexity, lack of transparency, and client data insecurity.


BitRent is a blockchain and smart contracts-based platform that enables individuals anywhere in the world to invest in the global construction industry. The project uses sensors and RFID chips installed on the properties under construction to allow users to track every step of the process in addition to smart contract technology which ensures each party adheres to the set terms.

Investors looking to invest in the BitRent project are required to buy the BitRent RNT tokens. The type of investment allowed for a given individual will depend on the number of tokens they hold.



The Caviar token combines investments in the crypto-assets space and income generating short term loans backed by real estate. The goal is to provide diversification, which is usually difficult in most real estate products given that they are highly correlated.

The tokenization of real estate assets will not only open investors to the lucrative crypto-assets space but will also provide an easy way of raising financing for developers.


Evareium is the world’s first blockchain-based private equity real estate fund. The platform provides investors with an opportunity to invest in a tokenized private equity real estate fund and own part of the management company.

The Evareium token value is bonded on the performance of the various Evareium investments, which are attached to an online digital interface founded on the blockchain.


Atlant is a decentralized Ethereum-based platform that allows transparent and liquid trading of residential and commercial real estate. The project aims to open up the global real estate market to the masses through the tokenization of ownership. Atlant provides a tamper-proof system through which users can trade parcels of property and bypass intermediaries in rental deals.


SmartRE is a decentralized real estate tokenization platform that enables investors across the globe to invest in the US real estate sector. The project also helps homeowners to unlock capital from their homes without accruing debt.


Blockchain and BIM

By using Blockchain and BIM in tandem, along with other quickly advancing technology , there is an opportunity to create a leaner procurement method which better engages the individuals who make up a project team. This will result in reducing costs by removing intermediaries, where a client has more control and transparency of cost, time and scope on their project.

With block-chaining, the owner would have a project wallet. The project funds can be stored in this wallet which is used to pay everyone who works on the project. Payments can be tied to steps, so when one step of the project is completed and inspected the payment would automatically transfer to the appropriate person. It would streamline all payments and processing into the product delivery. And with payments tied directly to work, it would be hard to deny payment.

How Blockchain can bring fresh air into the Construction Industry

The process of blockchain and the construction industry would boil down to roughly four steps: project modelling, smart contracts, inspection, and delivery. The first step in creating a project is modelling. Project modelling would show what the final project will look like, and it sets forth a clear path of what needs to be accomplished. Once this is complete, the smart contracts could be drawn up.

Once contractors complete the steps required, they have to submit for evaluation. An inspector would inspect the work, as they do currently, and approve or deny the work. If the work has been approved funding would be released, and people would be paid. In a way, it helps carefully draw up any and all responsibilities. Since payments to contractors would be dependent upon the step, it would help establish liability and prove who needs to be paid.

Subcontractors or contractors would draw up a similar process for materials, slowly releasing funds. The first instalment would be for the receipt and agreement on supplies. Another payment could be made when the supplies are loaded into shipping. With final payment when the supplies make it to the site in working order.


Blockchain and the construction industry is a natural pairing since there are clear deliverables. By spreading the data out to several companies and computers, it makes all payments clear and helps hold different parties accountable. It also can create saved ids (identifications) which would help many subcontractors win more work. While block-chaining is new, it’s showing real progress, and newer iterations require less energy and are less intensive while keeping the same level of safety. It won’t be long until it’s used not just in construction, but healthcare, all finance, and more.

However the biggest disruption could be that large platforms evolve which cut out middlemen like brokers, banks and could lead to make the construction industry a small player. The transparency between land owner and people in need of living space or willing to buy flats could lead to the disruption of the construction sector.