Buildings as material banks using RFID and building information modeling in a circular economy

Currently, the Architecture, Engineering, and Construction community operates in an environmentally problematic linear economy by consuming non-renewable virgin materials, producing landfill waste, and increasing the overall environmental impact. A solution to mitigate these problems is the implementation of a circular economy, an economic model that decouples economic growth and depletion of resources by minimizing waste. Technology opportunities explored to foster these relationships include building as material banks (BAMB), building information modeling (BIM) software, radio-frequency identification (RFID) tags, and blockchain. This paper presents a conceptual diagram and framework for implementing a circular economy utilizing the promising technologies and concept.