Do you know that today in the world there are only a few large auctions of special equipment?

Iron Block
2 min readFeb 7, 2018

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Do you know that today in the world there are only a few large auctions of special equipment, the largest of which — are Rithcie Bros. (works in 40 countries and occupies a share of the world market in the amount of 1.2%) and owned by him Iron Planet?

The basic principles of the work of Rithcie Bros. — is the use of their own local stationary bases, the maintenance of considerable stocks of spare parts and staff of highly qualified specialists. Maintaining of work, scaling up and marketing of such a comprehensive mechanism require lots of resources and finances. That’s why these auctions are mainly represented on the markets of the USA, and only a little — in Europe and other regions of the world.

The main task which is solved by such trading platforms is a question of trust of a buyer to the provided information about the equipment. The solution of this problem allows users to easily and quickly make safe international transactions for the purchase/sale of such large and expensive equipment as special machinery.

Therefore, this is the task which we have put in the first place while the development of the project IronBlock.

IronBlock is a modern high-tech platform for carrying out direct remote transactions on acquisition or lease of special equipment with the use of own local experts and without the involvement of intermediaries.

More information about the new generation platform IronBlock — on the website https://ironblock.io/en

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Iron Block

Global decentralized platform for optimization of maintance, verification of current technical condition of equipment and providing ESCROW transactions