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Distributed platform for the world's special machine market


IronBlock is a worldwide distributed platform designed to facilitate trading and optimize specialized machine market services. One of the important objectives of the platform is to secure transactions and to increase the transparency of the state of machines being sold (all involved parties). 

Problem: 

Today, the traditional sales model of special machines lacks transparency and risks occur both in direct sales and remote sales. The price of the machine used in this market rises to tens of thousands to several million dollars depending on its state and number . Together with the validity of the technical condition data of special machines and the credibility of the counterparty, it constitutes an important criterion for dealing in the market. Online listings and bulletin boards serve as the main communication channels between market players and do not guarantee that the condition data is true and that the equipment is first available. 

The worldwide professional machine sales, leasing and maintenance market potential of construction, agriculture and raw materials exceeds 1 trillion dollars per year, and about 6.5% new machine sales are increasing annually. However, direct online sales without intermediaries is only 2% of the total market. 

The reason for this low sales volume is mainly due to the lack of confidence among the parties. This confidence problem is solved in major industrial auctions such as Ritchie Brothers and Iron Planet. According to it, when using these auction rings, the machine owner is subject to many restrictions such as physical distribution fee, downtime, and pre-selling preparation cost.None of the existing business models solve the confidence problem existing among market players globally, the solution can be easily expanded, and eventually in either way buyers and sellers There is no reason for both to incur additional expenses. 

Solution: 

This solution is based on the creation of a global distributed block chain platform designed to support machine state validation and maintenance using local service centers and authorized agents. IronBlock platform, 

website: 
IronBlock 
white paper
BTT : https://bitcointalk.org/index.php?action=profile;u=1011357

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