IronBlock - Get high-quality & low-cost maintenance for the special machinery

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Bulldozers, Drill rigs, loading machines etc are very commonly used in the mining industry for the extraction of minerals, oil, coal etc. The average cost of an offshore rig is $200 million. Can you guess the price of a bulldozer? The cost of the most commonly used bulldozer models ranges from $75,000 to $175,000. Because of its high cost, it is not feasible for the small or medium scale companies to buy a bulldozer or other equipment for a short-term project. What is the alternate option? Renting or Leasing. Both these options involve the role of an agent or broker who will act as a mediator and start negotiations between the company and the machinery owner. Because the majority of the companies don’t communicate with the machinery owners directly.

Do you know what is the biggest challenge in the mining, agricultural or other industries which uses the special and heavy machinery? Maintenance. Yes. Because this kind of equipment is very heavy, it is not possible to transport them to a service center and do the maintenance. So, it is the responsibility of the service centers to send their experienced professionals to the location or site where the machinery is kept. Sometimes, if you can’t find an authorized service center near the site, the transportation charges will also get added to the maintenance cost which will be a burden for the small /medium scale companies.

IronBlock, a blockchain based platform provides an innovative solution for the special machinery and it consists of four main elements that are given below:

1. Marketplace – It is possible to purchase or lease any type of special machinery using this platform. The machines listed on the platform are fully verified so that the buyers need not worry about the working condition of the equipment. All the transactions are done using the Ethereum based smart contracts.

2. TechPassport – The purpose of TechPassport is to verify the current condition of the equipment and to rectify the defects if any. Every equipment that is supervised using the IronBlock platform will have the TechPassport document which contains the full maintenance history of the equipment.

3. Certificate – Every purchaser would like to verify the reliability of the equipment before buying or renting that because you can’t make any guess about the equipment by seeing its image. IronBlock platform will be issuing a validation certificate for every equipment. The equipment will be inspected by the licensed service center associated with IronBlock. If an equipment has an IronBlock certificate, then the purchaser can be assured of the reliability.

4. Licenses – IronBlock platform will be issuing licenses only to the best local experts based on strict guidelines. For example, the applicants need to have at least 3 years’ experience in the repair and maintenance of a machinery. Also, they should have the list of brand and types of the equipment for which they have done maintenance in the past. This will ensure the quality of inspections done by the service centers.

To read more information about the platform, kindly visit the official whitepaper of IronBlock https://ironblock.io/media/IronBlock_en_WP_2.0.pdf. As the transactions of IronBlock are handled by Ethereum based smart contracts, the platform will be issuing a new type of utility token named IRB token. IRB tokens are based on Ethereum ERC20 and will be used as the payment gateway for getting any type of service on the platform. Check out https://ironblock.io/ to know the latest information about the pricing, sale, and availability of IRB tokens.

Thank you for your time,
Jack Andrew