What is the potential value of tokens and token engineering for the architecture, engineering, and construction industry? A positional paper.

Kifokeris, Dimosthenis; Dounas, Theodore; Tezel, Algan; Moon, Sungkon

Abstract

What is the value of tokens for blockchain applications in Architecture, Engineering, and Construction (AEC)? How can token engineering be contextualized in AEC? This positional paper instigates the tackling of these largely unexplored questions. Following a literature review and a visiting of token engineering fundamentals, the paper’s position is that tokens can indeed hold potential value for AEC. This value can be direct, utilitarian, security-related, and/or pegged, and reflected in technical and economic terms. For this value to be realized, the token must be systematically embedded in the AEC ecosystem – therefore dependent on sociotechnical parameters in AEC.

Citation

KIFOKERIS, D., DOUNAS, T., TEZEL, A. and MOON, S. 2023. What is the potential value of tokens and token engineering for the architecture, engineering, and construction industry? A positional paper. In Proceedings of the 2023 European Conference on Computing in Construction (EC3 2023) co-located with the 40th International CIB (International Council for Research and Innovation in Building and Construction) conference (CIB W78 2023), 10-12 July 2023, Heraklion, Greece. Kanata, ON: CIB [online], paper 304. Available from: https://doi.org/10.35490/EC3.2023.304

• Conference Name: 2023 European Conference on Computing in Construction (EC3 2023) co-located with the 40th International CIB (International Council for Research and Innovation in Building and Construction) conference (CIB W78 2023)
• Conference Location: Heraklion, Greece
• Start Date: Jul 10, 2023
• End Date: Jul 12, 2023
• Acceptance Date: Mar 17, 2023
• Online Publication Date: Nov 30, 2023
• Publication Date: Dec 31, 2023
• Deposit Date: Nov 30, 2023
• Publicly Available Date: Nov 30, 2023
• Publisher: CIB International Council for Research and Innovation in Building and Construction
• Series Title: Computing in construction proceedings
• Series ISSN: 2684-1150
• ISBN: 9780701702731
• DOI: https://doi.org/10.35490/EC3.2023.304
• Keywords: Blockchain; Token; Token engineering; Decentralization; Cryptoeconomic models
• Public URL: https://rgu-repository.worktribe.com/output/2158675
• Additional Information: A video of the presentation is available from: https://youtu.be/Id9W4iXEc2E.