Property Investment Management Collaboration Digital Platform-A Proposed Blockchain Solution


  • Čedomir Vukobrat W-ing Solutions d.o.o, Novi Sad, Serbia
  • Đorđe Marčetin W-ing Solutions d.o.o, Novi Sad, Serbia
  • Slobodan Begojev W-ing Solutions d.o.o, Novi Sad, Serbia
  • Biljana Franić-Lazarević W-ing Solutions d.o.o, Novi Sad, Serbia
  • Dimitrije Čvokić University of Banja Luka, Banja Luka, Serb Republic, Bosnia and Herzegovina


Construction industry, Investment management, Digital platform, Blockchain, Efficiency, Transparency, Sustainability


In this paper, we propose a way to design a digital platform as a solution concept specifically created to serve as the foundation for the development and ongoing enhancement of tools that streamline and accelerate the management of investment project. Particularly, we present PIMCOD, a blockchain-driven Property Investment Management Collaboration Platform aimed at improving civil engineering investment projects. Leveraging blockchain, PIMCOD offers secure, real-time highly transparent project management with cryptographic security features. It represents a transformative approach to civil engineering project management, distinguishing itself from traditional solutions. In response to evolving technological landscapes, PIMCOD -an implementation of our solution concept, streamlines processes, enhances efficiency, and reduces costs. Future plans include tokenization, IoT, AR/VR, different monitoring technologies, extended BIM, analytics, mobile apps, and supply chain enhancements.


Al Mazari, A.S., Tayeh, M. & El-Sayed, H. (2020). Design and Implementation of a Blockchain Platform for Secure Sharing of Electronic Health Records Using Go Programing Language. IEEE Access, 8, 105871-105884. doi: 10.1109/ACCESS.2020.2992495

Benet, J. (2014). IPFS - Content Addressed, Versioned, P2P File System. ACM SIGCOMM Computer Communication Review, 44(2), 661-662. doi: 10.1145/2656877.2656889

Benet, J. (2018). Filecoin: A Decentralized Storage Network. IPFS and Filecoin Research & Development Workshop. doi: 10.5281/zenodo.1477314

Blind, K. & Jungmittag, A. (2005). Standardization and Innovation: Evidence from Germany’s DIN Deutsches Institut fur Normung. Research Policy, 34(7), 965-984. doi: 10.1016/j.respol.2005.04.008

Gerstner Jr., L.V. et al. E-business, IBM100 - e-business. (no date) Accessed May 26th 2023

He, Y., Liao, N., Bi, J. & Guo, L. (2019). Investment decision-making optimization of energy efficiency retrofit measures in multiple buildings under financing budgetary restraint. Journal of Cleaner Production, 215, 1078-1094. doi:

Jovanović, P. (2023). Digital Twin Technology and Its Application in the Different Technical Disciplines With Reference to Construction. Operations Research and Engineering Letters, 2(1), 21–27.

Laudon, K.C., Traver, C.G. (2009). E-commerce: Business, Technology, Society. Pearson Prentice Hall, Cornell University, 2009. ISDN 9780136007111

Mann, R., Zinman, E. & Kampf, E. A new way of working, (no date) Accessed May 26th 2023

Marković , L., Marković, L. M., & Gvozdović, N. (2022). Applications of Artificial Neural Networks in Multi-Criteria Decision-Making in Civil Engineering. Operations Research and Engineering Letters, 1(1), 29–35.

Penzes, B. (2018). Blockchain Technology in the Construction Industry. Technical Report. doi: 10.13140/RG.2.2.14164.45443

Pilkington, M. (2016) Blockchain Technology: Principles and Applications, In F. Xavier Olleros and Majlinda Zhegu (Eds.), Research Handbook on Digital Transformations (pp 225-253). Edvard Elgar. doi: 10.4337/9781785360032.00017

Plan Radar Team. Construction and real estate management software, PlanRadar. (2023) Accessed May 26th 2023

Polemitis, A. & Ioannou, A. (2018). Blockchain Technology and Transparency. Ledger Journal, 3(1), 1-15. doi: 10.5195/ledger.2018.123

Popović-Miletić, N. (2022). Multi-Criteria Decision-Making in Construction Using the Software Decision Lab 2000. Operations Research and Engineering Letters, 1(1), 10–16.

Royal Institution of Chartered Surveyors (1979), RISC New Rules of Measurement NRM 2: Detailed measurements for building works, RICS Business Services Limited, Westwood Business Park, Coventry, UK

Royal Institution of Chartered Surveyors (2012), Principles of Measurement International, RICS Business Services Limited, Westwood Business Park, Coventry, UK

Ryzhkova, A. & Ginzburg, A. (2020). United Digital Platform for Efficient Construction Development. IOP Conf. Ser.: Mater. Sci. Eng. 753 042067

Shishehgarkhaneh, M.B., Moehler, R., Moradinia, S.F. (2023). Blockchain in the Construction Industry between 2016 and 2022: A Review, Bibliometric, and Network Analysis. Smart Cities, 6(2), 819/845. doi:

Squire, K. (2012). Minecraft as a Tool for Learning: Insights and Opportunities for Educational Uses of Open World Games. Educational Researcher, 41(2), 79-85. doi: 10.3102/0013189x12436378

Teixeira, J., Martins, J. P., & Correia , J. (2023). Creation of a Genetic Algorithm to Locate the Optimal Position of Columns in a Regular Building. Operations Research and Engineering Letters, 2(1), 10–20.

Wang, T. & Chen, H. (2023). Integration of building information modeling and project management in construction project life cycle. Automation in Construction, 150. doi:

Weber, M.J., Funk, A., Singh, R. & Zhang, A. (2021). The Metaverse: Virtual Life Beyond the Internet. Journal of Virtual Worlds Research, 14(1), 1-23. doi: 10.4101/jvwr.v14i1.7775

Wnag, D., Fan, J., Fu, H. & Zhang, B. (2018). Research on Optimization of Big Data Construction Engineering Quality Management Based on RNN-LSTM. Complexity, Article ID 9691868. doi:

Yun, J.J., Moon, J., Yun, J. & Kim, J. (2019). Blockchain Technology for Enhancing Sustainability: A Systematic Review of Current Applications and Future Directions. Sustainability, 11(11), 3078. doi: 10.3390/su11113078



How to Cite

Vukobrat, Čedomir ., Marčetin, Đorđe ., Begojev, S. ., Franić-Lazarević, B. ., & Čvokić, D. (2024). Property Investment Management Collaboration Digital Platform-A Proposed Blockchain Solution. Operations Research and Engineering Letters, 3(1), 19–45. Retrieved from