Aurecon’s 2018 survey, conducted amongst their clients and property industry representatives, found that almost 60% believed their organizations were not undertaking enough research and planning for the Building Internet of Things. They also found that 40% were interested in blockchain for business while being unsure how they would use it.

The data collection exercise was part of Aurecon’s fourth edition in its Buildings of the Future series, titled “Easy Life, Complex Technology”. It aimed to examine how blockchain technology might influence future buildings’ design, construction and ongoing maintenance, how data can amplify business performance, and how buildings can protect themselves against cyberattacks.

The Building Internet of Things (BIoT) includes links in smart building devices and sensors, machine learning, cloud, analytics, business systems, productivity and artificial intelligence.

The report also provides insights into how buildings can use IoT to improve building and equipment maintenance, increase efficiencies in business operations, and amplify business performance.

Peter Greaves, Aurecon’s Buildings of the Future leader, says, “Blockchain has made significant progress in other industries compared to the built environment, meaning the time is ripe for disruption, but this feedback shows there is a need for greater education.”

“Compared to other industries such as finance and retail, there is still considerable headway to be made with blockchain in the built environment,” he says.