Problem
No solution exists to permanently archive all building information tied to a single digital identity
General Contractors/Owners
Incomplete maintenance history decreases $ value of buildings and increases operations $ cost
Data is siloed, disaggregated and lost
Building Performance Standards reporting mandates
Healthcare
Hospitals face loss of claim reimbursements without verifiable maintenance records
Critical Infrastructure
Publicly traded companies must have transparent GHG emissions data for SEC Climate Disclosure compliance which impacts shareholder value
Buildings are in a Crisis
Global, Massive
and Costly
General Contractors/Owners
Statute of Repose up to 10 – years requiring General Contractors to retain and store building records which is costly, inefficient and results in data loss
40% of the world’s CO2 emissions are generated by buildings (Global ABC Global Status Report 2021, EIA)
Healthcare
$1.979 trillion at risk in annual Hospital claim reimbursements being withheld by Medicare and private insurers due to lack of provable maintenance information in audits (Centers for Medicare and Medicaid Services)
Critical Infrastructure
$100’s of millions of unnecessary costs in life – cycle operation performance and O&M are incurred due to lost or incomplete information (Emerson Whitepaper)
New Regulatory Triggers (data must be provable and transparent):
- SEC Climate Disclosure Rule – GHG Scope 1 – 3 emissions (New for FY’23 & ‘24)
- Building Performance Standards (BPS) energy reporting mandates
- Federal Contractors with annual contracts over $7.5m must now disclose green house gas emissions
- 58% of S&P 500 Companies have an ESG Program that must be verifiable
BLDX Solution
First Digital Identities for buildings capturing permanent, verifiable, and transferable building history
Increase $ Value of the Building & Reduce Costs
Provable Sustainability Compliance increases Shareholder Value
Breakdown Data Silos to create insights
Disparate building data all tied to its digital identity — forever