IronBlock is a global decentralized platform designed to facilitate deals and optimize specialized machinery market services — with no mi...

A decentralized platform for the global specialized machinery market

IronBlock is a global decentralized platform designed to facilitate deals and optimize specialized machinery market services — with no middlemen involved. One of the key purposes of the platform is to ensure deal security and enable more transparency about the state of the machinery being sold — for all parties involved. The Problem: Today, conventional sale models for specialized machinery lack transparency and pose risks in both direct and distance sales. The price of used machinery on this market can run up from several tens of thousands US dollars to a few million US dollars, depending on its condition and original price. Validity of technical condition data for specialized machinery, combined with trust in the counterparty make up the key criteria for dealmaking on the market. Online listings and bulletins serve as the main communication channel between market players, and they don’t guarantee that condition data to be true or that equipment is available in the first place. The global specialized machinery sale, lease, and maintenance market potential for just construction, agriculture, and raw materials exceeds $1 trillion a year, with new machinery sales growing at around 6.5% a year. Yet direct online sales without middlemen only amount to no more than 2% of the entire market. The reason for a sales volume this low is primarily due to lack of trust between parties. This trust issue is being solved by major industrial auctions such as Ritchie Bros., Iron Planet and others. With that said, using these auction rings does impose a number of restrictions on machinery owners along with logistics expenses, as well as downtime and pre-sale preparation expenses. It stands to reason that none of the existing business models solve the trust issues present between market players globally, neither the solutions are easily scalable, and ultimately, one way or another, lead to additional expenses for both buyers and sellers. The Solution: The solution lies in creating a global decentralized blockchain platform, designed to uberize verification of machinery condition, as well as its maintenance, using local service centers and authorized agents. The IronBlock platform is designed to become exactly that.

The Solution

IronBlock is a global decentralized platform designed to optimize maintenance and machinery condition data verification processes, and provide ESCROW for specialized machinery sales.
A blockchain-based solution to the trust issues in the industry, uberizing lot verification and transaction processes, which allows faster scalability worldwide.

IronBlock ecosystem

Certificate
General:
  • Owner
  • Location
  • Documents
  • Cost of overhaul
  • Certificate validity period
Level 1 (basic):
  • Visual examination of the major assemblies and primary equipment
  • Punchlist, photo and video report
Level 2 (extra):
  • Computer aided machinery diagnostics
  • Oil pressure readings for major units and primary equipment
Level 3 (extra):
  • Oil pressure readings for the power train, compression tests, oil analysis
Licenses
Type 1 (services):
  • Issue of machinery certificates
  • Servicing
Type 2 (agents):
  • Transaction support
  • Arranging associated services
General:
  • Contacts
  • Services reach
  • Rating
  • Feedback
  • Number of orders completed
  • Credibility level
  • Experience
Marketplace
Verified machinery catalog:
  • Construction machinery
  • Mining machinery
  • Agricultural machinery
  • Oil-and-Gas equipment
  • Forestry equipment
  • Other heavy machinery
Participants:
  • Leasing companies
  • Machinery owners
  • Buyers
  • Insurance companies
  • Logistics companies
  • Service centers
  • Authorized dealers
Transaction guarantees:
  • Sale
  • Lease
  • Service

Tokens IRB

Prerequisites for the token value growth

  1. Our main goal is creating a global IT infrastructure for the special purpose and heavy machinery market where the IRB token will become one of the major payment units in such a way that it can be also profitably used for selling and leasing machinery, which should result in many-fold growth in the IRB token demand, raising its value respectively.
  2. The IRB token will be a payment unit for the in-platform services (certificate issue, access to the verified database, etc.) and fees following its launch.
    As the platform transaction volume and the lot database grows, so will the token demand and its market value.
  3. Development of the cryptocurrencies in the world will promote their use in the global economy and facilitate the shift to cryptocurrency payments between all players.
    The market size for the major special purpose machinery segments exceeds the total IRB token emission at its current price by more than 20,000 times.
  4. When the sufficient token liquidity is reached, the loyal platform users will benefit from saving tokens for later payments, which will cause a further increase in the IRB token deficit, raising its value.
  5. Following the ICO, the IRB token will be freely traded on exchanges. We intend to continuously increase the presence of the token on the biggest exchanges as the project develops.
  6. The ability to use IronBlock services at a discount, as well as loyalty programs and promotions, will be given only for IRB token payments.

Road map

(Q2) 2012
Start of offline business in Ekaterinburg and the Sverdlovsk Region (Russia)* in sales and servicing specialized machinery
Q4 2012 — present
Cooperation with the leading special purpose machinery and spare parts manufacturers such as Liebherr, Caterpillar, Komatsu, GROVE, DOOSAN, FUWA, HBM-NOBAS, TELTOMAT, EVERDIGM, SPIERINGS, FB GRU, DRESSTA, SPECO, BAUER, LEFFER, BVV, TRIASO, TRIMAN, HOLDER, ROMEA, VENIERI, G.A., Value Parts, and others.
Q1 2017
Reached a 250+ units milestone of special purpose and heavy machinery sales in 5 years.
Q2 2017
Collection, analysis, and consolidation of the global special purpose machinery market data to design the IronBlock platform.
Q3 2017
IronBlock creation, building the team to launch the project and attract partnerships.
Platform design drafts
Q4 2017
Pre ICO launch, platform development launch, Licensed service centers and IronBlock agents Whitelist formation, building and developing partnerships with the largest special purpose machinery owners in Russia to prepare for the local launch
Q1-Q2 2018
The ICO campaign: general sale of the IRB tokens. Development of a legal system to manage and implement the project globally. Finalization of team building
Q2 2018
Platform alpha version launch in Russia. Whitelist formation and signing international partners to launch IronBlock on the key European, Asian, and other regional markets
Q4 2018
Global commercial launch after adaptation to local legislations
2019
Scaling up and further project development, the platform launch for the related special purpose machinery and equipment sectors: freight transports, railway rolling stock, aviation industry, and other
2021
Global IronBlock sales, leasing, service market share up to 5%
2025
Ongoing project development with current and emerging trends of the specialized machinery and cryptocoin markets in mind. Growing IronBlock market share, in-house services expansion: logistics, financing, customs brokerage etc.

For more information :

My ETH: 0xACE2d47039C296a158e6EE1827300e6B098B9B0B

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