Digital Twins and Blockchain: How an Alternative Built Environment Business Model Can Be Enabled by Tokenisation -David Publishing Company

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Article

Open Access

Digital Twins and Blockchain: How an Alternative Built Environment Business Model Can Be Enabled by Tokenisation

Author(s)

Richard Gilbert Saxon CBE

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DOI:10.17265/1934-7359/2025.06.006

Affiliation(s)

Deploi: Information Management for the Built Environment, London SW11 3TS, UK

ABSTRACT

The paper considers the poor state of the construction industry in UK and ways in which it might improve for all stakeholders. The transition from present state to a desirable future is mapped using the “three horizons” and “four capitals” concepts. Servitisation is suggested as a key innovation for engineering systems in buildings, the dominant lifecycle cost area. Digital twinning facilitates this method of provision and blockchain technology can support its commercialisation, enabling payments for service delivered and keeping safe records.

KEYWORDS

Three horizons, servitisation, digital twin, blockchain.

Cite this paper

Journal of Civil Engineering and Architecture 19 (2025) 305-308

doi: 10.17265/1934-7359/2025.06.006

References

[1] Three Horizons Framework. 2025. “International Futures Forum.” www.internationalfuturesforum.com.

[2] Four Capitals. 2025. “The Value Toolkit.” https://constructingexcellence.org.uk/value-toolkit/.

[3] The Grenfell Tower. 2017. “This High-Rise London Public Housing Block Burned in 2017, Killing 72 People. The Enquiry Revealed Major Failings in Procurement, Design, Materials, Construction, Management and Regulation.” www.gov.uk/government/publications/publication-of-the-grenfell-tower-enquiry-phase-2-report.