IRON BLOCK

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.

A blockchain-based solution to the trust issues in the industry, uberizing lot verification and transaction processes, which allows faster scalability worldwide.

PreICO
We plan to run the Pre ICO 12 December through 14 January 2018. The total
available supply of IRB tokens during that period will be 10.42 million (including the 25% bonus)

ICO
We plan to launch the ICO early March and run it for two months. 339.6 million IRB tokens will be available for purchase.
The purpose of fundraising: to implement the project development plan until
IronBlock reaches the breakeven point.

1. Commercial version features development and implementation.
2. Creation of a global offline infrastructure, launch of local representatives in other legal frameworks and international markets.
3. Development of licensed service centers and agents network.
4. Marketing and promotion of the platform among buyers and sellers.
5. Global support service center launch.
6. Development and integration of a partnership network including logistics, insurance, customs brokerage and leasing.
7. Product line extension and related markets entry (freight transports, railway rolling stock, aviation industry, and other)

IRB Token

Token name: IRB

Blockchain platform: Ethereum

Standard: ERC 20

Terms and conditions:

All unsold tokens for general public sale will be annulled after the ICO on the

smart contract terms. The tokens allocated to the team will not be available for sale for 1 year.

Token exchange rate: 100 IRB = 0.027 ETH

Currency of purchase: ETH

Minimum purchase: 400 IRB

Maximum purchase: Unlimited

Complete information

[Website]

[Whitepaper]

[ANN THREAD]

[Telegram]

[Facebook]

[Twitter]

Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1247512