While theoretically possible, using an electric winch instead of a building hoist for lifting materials or people is not recommended due to safety concerns and differences in design. Electric winches are typically designed for pulling or towing loads and may not have the necessary safety features, load capacity, or stability required for lifting operations in a construction setting. Building hoists are specifically engineered to lift heavy materials and personnel safely in vertical shafts or on the facade of a building. They are equipped with safety devices and are regulated for construction use, making them the appropriate choice for such tasks.