A decentralized platform for the global specialized machinery market
Analysis of 2016 machinery sales volume data from Ritchie Bros. using a mathematical model showed that out of $447 bn total machinery sales, new machinery accounted for $173 bn (38.7% of the market volume), and used equipment for $274 bn (61, 3% of the market volume). According to the data from Statista.com, the total machinery market sales volume in three key segments (construction machinery, agricultural machinery, mining machinery) in 2017 will exceed 2016 ($447 bn) with 42.9% of the market being construction machinery, which can also be applied in mining operations. Based on the global machinery market structure and new construction machinery turnover, the total amount of new equipment in the three segments will be 1.73 m. units in 2017.
Identifying The Problem ?
Market analysis shows that every year about 17 million specialized machinery units are sold worldwide with $447 bn in sales volume, while used equipment sales share is about 90% of the total amount or 15.5 million units with $ 274 bn sales volume in three main areas.
IronBlock Solution
IronBlock is a decentralized platform for machinery condition verification, maintenance services optimization and it guarantees compliance with all the contractual obligations for transactions between participants in the market of construction, mining and agricultural machinery. The main task of IronBlock is to provide the necessary confidence level in the information about traded equipment so that owners, leasing and insurance companies, as well as buyers around the world, can interact directly without intermediaries, without risks and with significant money and time savings. IronBlock provides a solution for the two major problems for the global specialized machinery market::
- Proving the validity of information about machinery.
- 2. Guarantees of compliance with contractual obligations between participants.
More Info
Website : https://ironblock.io/en/
WhitePaper : https://ironblock.io/media/IronBlock_en_WP_2.0.pdf
Telegram : https://t.me/ironblock_eng
ANN : https://bitcointalk.org/index.php?topic=2445696.msg25045003#msg25045003
