Buying and selling heavy machinery equipment can be a difficult and expensive process. Bringing heavy equipment to the auction block incurs significant costs. When transactions are occurring across borders the problems are even greater.
IronBlock is a new blockchain enabled platform for the heavy machinery industry that wants to make that process easier and less expensive.
Here we’ll look at how the IronBlock marketplace will work
One of the reasons that buying and selling of heavy machinery is expensive is because its condition needs to be evaluated prior to purchase or leasing.
When a user wants to place machinery in the IronBlock marketplace they will first need a IronBlock Trust certificate or a IronBlock tech passport. Through these two method all of the equipment ins the marketplace will be fully verified.
At this point no additional testing by the buyer will be required. All of the technical information needed will be listed on the IronBlock Trust Certificate. The buyer can execute a purchase or lease by using a computer or tablet.
Any contractual obligation will be put into place through smart contracts. These will be in turn supported by IronBlock agent. This will help to ensure that all transactions are verifiable and secure.
IRB Token Sale
Purchase and leases on the IronBlock marketplace can be made using the platforms token called IRB. IRB is being distributed in a token sale. This token sale is set to begin in March 2018 and run for two months. You can find out more by visiting:
IronBlock Website: https://ironblock.io/
IronBlock Whitepaper: https://ironblock.io/media/IronBlock_en_WP_2.0.pdf