ReCheck Green Box: A digital building logbook to store, secure, share and extract value from Real Estate data

Motivation for the project:

Having in mind the solidity of the ONTOCHAIN foundation, we see Green Box as a solution that runs on top of ONTOCHAIN’s stack. The solution can benefit from being integrated into ONTOCHAIN’s architecture by utilizing the modules for Data Provenance and Interoperability.
The current solution is not accenting enough on interoperability and ontology-based models are necessary to achieve this, thus the interest to integrate Green Box main model as well as the UOI implementation as open ontologies, ready to be consumed by the others in the ecosystem.

Generic use case description:

Owners and building investors lack a common space for storing and accessing historical data about renovations, performance or other reports. On the other side, a secure and immutable digital trails log book about what happened with a building is a guarantee for the authenticity and the truthfulness of the data in the long term, thus contributing to the overall estimation of the real estate quality, compliance and value. ReCheck Green Box provides both a dedicated space for data and a secure building log book into a single integrated solution that helps real estate owners and investors have a proper grip on their assets state.

Essential functionalities:

Collect & Structure Data
 ➢ Attach any building documentation (any records, books of account, approvals, plans, drawings, specifications, schedules, feasibility studies, reports, certificates, etc.)
 ➢ Aggregate real-time data from sensors
 ➢ Structure the collected data

Log data in Blockchain
 ➢ Certify and time-stamp each piece of data and changes to it
 ➢ Create an immutable and transparent record

Store any type of data in any available format
 ➢ Technical data
    ○ Design/BIM Maintenance
    ○ Operational performance
 ➢ Administrative data
    ○ Periodic reports
    ○ Data access & logging
 ➢ Commercial data
    ○ Contracts / SLA`s
    ○ Performance benchmarks

Control sharing and transfer of data
 ➢ Authorize usage by others
 ➢ Access control
 ➢ Transfer data history to the next owner and keep relevant data always with the building

How these functionalities can be integrated within the software ecosystem:

There are two aspects of integration - first - the level of reusable linked data existing as a foundation for all application blocks, and second - on the level of services. The available ontologies will be reused and if necessary extended with a new set of ontologies for greater interoperability with other systems willing to exchange information using linked data. Part of the functional set is depending on existing interfaces to available services outlined in the architecture of ONTOCHAIN. The integration can/will utilize to the possible extent both core-services and available and open interfaces to application blocks developed by 3rd parties.

Gap being addressed:

The main gap we address is the incomparable , mixed formats data about buildings. It is creating challenges for meaningful data analysis and data-driven process execution. On the other hand, we address challenges related to insecure and fragmented real estate data by timestamping the records on blockchain and guaranteeing the integrity of the information. Finally, we solve the problem of lost control over data since the incumbent market players lock customers in their platforms and do not allow data ownership.

Expected benefits achieved with the novel technology building blocks:

FOR BUILDING OWNERS:
 ➢ Improved Indirect return (Value Growth) (1 – 5%):
    ○ Trustworthy transparency of data
    ○ Historical data
 ➢ Improved Direct return (5 – 10%):
    ○ Improved tenant satisfaction
    ○ Reduced costs of property management
    ○ Growing importance of data-driven M2M operation

FOR TENANTS:
 ➢ Optimize costs (15 – 55%) related to:
    ○ Facility Management
    ○ Maintenance
    ○ Wellbeing à Less sick leave & unused square meters
 ➢ Indisputability of Delivered Services vs Charged Services

Potential demonstration scenario:

The demonstration scenario will showcase a fully fledged platform for collecting, normalising, securing and visualising data in the digital building logbook. The demo will include features such as connecting to APIs and fetching data, applying ONTOCHAIN’s ontologies for structuring of the data, timestamping of the records on ONTOCHAIN’s infrastructure and consuming the data for optimization and decision making. The demo will also show how collected files or outputs from collected data can be shared in a controlled way with third parties for different purposes. Furthermore the demo will show how relevant data stored in our digital building logbook can step by step become a comprehensive digital twin of the building, a digital asset with increasing value to multiple stakeholders.