digital ecosytem summit - May 5 2026

Purpose of May 5th Convening

The May 5th Summit will bring together federal agencies, state DOTs, standards bodies, insurers, contractors, and technology leaders to align on a national strategy for digital construction management.

The goal: establish a standardized, machine‑readable Application‑for‑Payment (AFP) dataset that supports:

• DOT’s Automated Digital Construction Management Systems (ADCMS) initiative
• The Clarity Act
• The GENIUS Act
• The Financial Transparency Act (FTA)
• Stablecoin‑enabled, milestone‑based payments
• Digital‑twin lifecycle reporting across all 50 states

Why This Matters

Today’s AFP process is fragmented, manual, and inconsistent. It slows payments, increases administrative burden, and prevents real‑time oversight.

A standardized AFP dataset—built on XBRL (structured financial reporting) and FDX (real‑time financial telemetry)—creates the first identity‑verified, contract‑linked, engineering‑aligned financial transaction in U.S. construction.

This is the foundation for:

• Automated digital construction management
• Faster, more transparent payments
• Reduced fraud and cost overruns
• Continuous assurance for municipal‑bond‑funded projects
• Integration of BIM, contract milestones, and financial reporting
• Scalable digital‑twin adoption

The Invited Collaboration Behind the Standard

A cross‑industry collaboration is prepared to deliver the national AFP standard:

Federal Convening Authority

• NIBS – Congress‑chartered neutral platform for standards harmonization

Financial & Identity Standards

• XBRL – Structured financial reporting
• FDX – Financial telemetry
• GLEIF – LEI identity

Contracting, Risk & Surety

• ConsensusDocs – Contract logic & milestones
• FISTech – Finance/insurance/surety interoperability
• Digital Ecosystems Co (DEC) - Digital Services
• SRC Digital Insurance Services – Contractor risk domain

Engineering & Digital Twins

• HEEP – Highway engineering data
• BIM4I – Infrastructure BIM
• buildingSMART – IFC/OpenBIM
• Digital Twin Consortium – Twin governance

Benefits for DOT & State DOTs

• Standardized data exchange across all 50 states
• Automated compliance with Clarity Act, GENIUS Act, and FTA
• Real‑time visibility into project performance and spending
• Digital‑twin lifecycle integration
• Reduced administrative burden for contractors and agencies
• Faster, milestone‑based payments
• Improved transparency for capital markets

What DOT Is Asked to Consider Today

1. Endorse formation of a NIBS‑hosted ADCMS Working Group
2. Support pilot projects using AI Seed Contracts
3. Coordinate modal administrations (FHWA, FTA, FRA, FAA)
4. Prepare 50‑state implementation guidance
5. Integrate the AFP dataset into ADCMS policy frameworks

Summit Outcome

By aligning today, we can establish a national, interoperable, standards‑based framework that accelerates digital construction management, strengthens financial transparency, and modernizes infrastructure delivery across the United States.

Next generation infrastructure will depend on it.

• AI Seed Contracts:
• Convert AFP PDFs → XBRL/FDX structured data
• Extract contract milestones (ConsensusDocs)
• Map BIM/IFC →digital‑twin attributes
• Validate identity via LEI
• Produce a federally recognized AFP schema

This becomes the reportable financial transaction required for stablecoin‑enabled payments and ADCMS compliance.

Structure

• Informal structure with Dixon Wright as Lead Mentor, a University Mentor(s) and a University Team(s) under an MOU.
• MOU can be with anyone, entity or group.  MOU does not have to be with the university.
• Revenue triggers forming a company with initial ownership 33% for mentors and 34% for      the team. Can be adjusted as desired.
• University Team can by anyone, a group, a club or an entire class. No rules.

Objective

• Collectively produce a roadmap to digitizing infrastructure, stating with the application for payment data set, that all stakeholders can easily implement and that supports      ongoing expansion of the XBRL taxonomy for continuously modernizing its functionality.

• Guarantee data interoperability with next generation digital currency, digital twins and all legacy and future contractor systems, platforms and standards.

• Align with the ADCMS initiative (grant not necessary) for the guidance and scope that synergizes the entire federal, state and local polices to enable next generation infrastructure by converting PDF’s in the cloud to actionable data.

• Provide University Teams with the FISTech platform to monetize their platform.

Obligation

• There are no obligations, just opportunities.
• The intent is to inspire imagination and creativity, not operate under a script. 
• The funds are provided without strings, and nothing is required to account for the funds.

Opportunity

• Engagement with peers and mentors from other campuses to broaden education, experiences and personal network.
• Contribution to industry initiatives that benefit all stakeholders.
• Potential to create a platform that is prepared to leverage the transition from PDF’s in the cloud to actional data from all sources that can be monetized. 

Team Formation

• Any university can form a team with a financial sponsor for the $5,000 stipend to students.
• Contact K. Dixon Wright at dixon@srcdis.com

Funding 

• Sponsor funds $5,000 stipend for students
• Team may secure additional funding.

Not funded

• Expenses - Any expenses contemplated should seek additional funding if necessary.
• Travel - No travel is required, but optional.
• University charges, if any.