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., & 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 and the 40th International CIB W78 Conference. https://doi.org/10.35490/EC3.2023.304

• Presentation Conference Type: Conference Paper (Published)
• Conference Name: 2023 European Conference on Computing in Construction and the 40th International CIB W78 Conference
• Start Date: Jul 10, 2023
• End Date: Jul 12, 2023
• Acceptance Date: May 2, 2023
• Online Publication Date: Jul 10, 2023
• Publication Date: Jul 10, 2023
• Deposit Date: Aug 18, 2023
• Publicly Available Date: Aug 21, 2023
• Book Title: Proceedings of the 2023 European Conference on Computing in Construction and the 40th International CIB W78 Conference
• DOI: https://doi.org/10.35490/EC3.2023.304
• Keywords: Blockchain, token, token engineering, decentralization, cryptoeconomic models
• Public URL: https://nottingham-repository.worktribe.com/output/24423144
• Publisher URL: https://ec-3.org/publications/conference/paper/?id=EC32023_304