Digital twins are digital replicas (containing descriptions, specific data, photos, videos, etc.) of physical products, assets, or systems that synchronise data with the corresponding real-world version. This concept can be extended to virtually any conceivable object. The representation is achieved by creating models based on the physical data assets. Digital twins, when recorded on a blockchain, become immutable and enduring representations of an object at the time of recording. They serve as a valuable tool for documenting the status of that object at that specific moment.
For example, after several years, many documents and details related to a real estate property are often lost. By recording a digital twin using RE-TWIN, the contained data will remain available indefinitely on a ledger that cannot be cancelled due to its decentralised and unmanaged nature.
The creation of digital twins is made easy with our platform. The ease of this simple process can be seen in the video below.