A system for providing digital twin services for a physical asset from multiple twin providers can have a plurality of provider terminals, an asset owner terminal, and a server. The server can be in communication with the plurality of provider terminals and the asset owner terminal. The server can include a processor, a memory, an administration subsystem, and an operation subsystem. The memory can have a tangible, non-transitory computer readable medium with processor-executable instructions stored thereon. The administration subsystem and the operation subsystem can be configured to perform a variety of digital twin services, including instantiating a new digital twin from a provider, updating the digital twin using incrementation instructions from the twin provider and usage history recorded from a physical asset, and querying the digital twin to produce reports of current life remaining.