Digital Transformation of the Construction Industry: The Role of BIM, Digital Twins, Artificial Intelligence and Blockchain in Smart Real Estate Ecosystems

Mykola Denysenko; Svitlana Breus; Oleksandr Levchenko; Oleksandr Balymov; Yehor Prytula

doi:10.36690/2674-5208-2026-1-15-26

Authors

Mykola Denysenko Volodymyr Vynnychenko Central Ukrainian State University https://orcid.org/0000-0001-8767-9762
Svitlana Breus Private Higher Education Establishment “European University” https://orcid.org/0000-0003-0624-0219
Oleksandr Levchenko Volodymyr Vynnychenko Central Ukrainian State University https://orcid.org/0000-0001-5452-7420
Oleksandr Balymov Private Higher Education Establishment “European University” https://orcid.org/0009-0003-4643-9035
Yehor Prytula Private Higher Education Establishment “European University” https://orcid.org/0009-0001-9849-3979

DOI:

https://doi.org/10.36690/2674-5208-2026-1-15-26

Keywords:

Digital transformation in construction, Building Information Modeling, Digital twin technology, Internet of Things in construction, Artificial intelligence in construction management, Blockchain in real estate, Smart contracts in construction, Digital real estate ecosystems, Construction digitalization, Smart construction management

Abstract

The digital transformation of the construction industry is becoming an important prerequisite for increasing the efficiency, transparency, and sustainability of real estate asset management. The objective of this study is to determine the role of Building Information Modeling, digital twins, artificial intelligence, blockchain, and related digital technologies in shaping smart real estate ecosystems. The methodology is based on a systematic review of scientific publications, comparative analysis, content analysis, and conceptual generalization of approaches to the digitalization of construction and real estate management. The main results show that the integration of BIM, Digital Twins, IoT, AI, and blockchain improves coordination among project participants, supports real-time monitoring, enhances asset valuation and lifecycle forecasting, automates contracts and payments, and creates the foundation for digital leasing and smart real estate management. At the same time, the study identifies major barriers, including high implementation costs, integration complexity, shortages of digital competencies, and cybersecurity risks. The conclusions emphasize that digitalization is a strategic factor in the modernization of construction and real estate ecosystems, provided that technologies are implemented comprehensively and supported by organizational change. Further research should focus on integrated digital platform models, economic feasibility for small enterprises, and cybersecurity standards.

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Author Biographies

Mykola Denysenko, Volodymyr Vynnychenko Central Ukrainian State University

Doctor of Economic Sciences, Professor, Doktor habilitovanyi nauk ekonomichnykh, Profesor nauk ekonomichnykh, Professor at the Department of Management and Entrepreneurship, Volodymyr Vynnychenko Central Ukrainian State University, Kropyvnytskyi

Svitlana Breus, Private Higher Education Establishment “European University”

Doctor of Economic Sciences, Professor, Professor at the Department of Management and Logistics, European University, Kyiv

Oleksandr Levchenko, Volodymyr Vynnychenko Central Ukrainian State University

Doctor of Economic Sciences, Professor, Head of the Department of Management and Entrepreneurship, Volodymyr Vynnychenko Central Ukrainian State University, Kropyvnytskyi

Oleksandr Balymov, Private Higher Education Establishment “European University”

Postgraduate Student, European University, Kyiv

Yehor Prytula, Private Higher Education Establishment “European University”

Postgraduate Student, European University, Kyiv

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