Introduction
To cut a tree, you need an axe. The basic tools are the primary resources, which are required to complete a task. You need tools, which are suitable for the job. The selection of tools depends upon the task at hand. The quality and condition of tools depend on the price you are willing to pay for it. But there are many tools used in the manufacturing and construction industry, which is costly.
So leasing them is an optimal choice for contractors and finishing the work as soon as possible. But the major problem in this is the lack of trust, which becomes bone of contention between engaging parties. The amount decided on the lease and process around it is opaque and full of problems. There is no transparent mechanism for accepting a service and paying for it.
The lack of access to the international market limits the potential of this industry. The machinery is one of the most urgent resources for many industries across the world. And the service around the machinery is flawed and opaque. Is there a solution which can create a transparent mechanism for leasing the service of a particular machinery?
SOLUTION OFFERED
IRONBLOCK is trying to create a transparent ecosystem of Machinery service industry involving major players, such as service providers, contractors and companies. Each one is bound to benefit from the transparent system built on blockchain technology.
It creates a data record of maintenance and service of all the machinery under its control and issues an IRON Certificate to them. This offer helps the companies and contractors to properly choose the kind of machinery they wish to use for their job. A global machinery marketplace is created to help the service providers take advantage of the global opportunities.
ICO INFORMATION & TEAM
To create a secure platform, they have asked for public support in the form ICO. The main ICO is scheduled to be conducted in March 2018. The Pre ICO is currently live with 30% bonus.
70 % OF IRB tokens will be distributed to the public. The funds will be utilised for the development and marketing activities of the platform. The founder of the platform is an experienced businessman, who is in the machinery business for over 5 years.
CONCLUSION
What we demand in a deal are trust and transparency and IRON BLOCK promises both. The ecosystem built for machinery providers and contractors is based on the roadmap they have prepared, which aims to partner with the leading machinery and spare part manufacturers around the world.
I think that they have a solution which can be used in the most of the industry, such as construction, mining and forestry. As they believe the total market for such product is around a trillion dollar, we hope that the roadmap presented by them is followed by the company in the future. The integration of the machinery record into a secure platform is one of the most innovate applications of the blockchain technology, which has a direct benefit in the market.
Website : https://ironblock.io/en/
Whitepaper : https://ironblock.io/media/IronBlock_en_WP_2.0.pdf
Authored By: Etheran
Btalk profile: https://bitcointalk.org/index.php?action=profile;u=1108165