Get 'TechPassport' to reduce costs with your machine maintenance - IronBlock

Get 'TechPassport' to reduce costs with your machine maintenance - IronBlock




Accidents are very common on construction sites. Even though an accident may happen due to many reasons like improper scaffolding, lack of personal safety equipment (helmet, gloves), a faulty machinery can cause serious injuries to the workers. As per the maintenance guidelines for the construction industry, any type of machinery must be inspected every 2 months or 500 hours whichever is earliest. For new machinery, inspection and service will be taken care of the seller until the end of warranty period. For used machinery, it is the responsibility of the construction companies to carry out regular maintenance. But, many companies don’t follow a strict schedule because of the high cost of employing service centers for a safety inspection and purchase of spare parts. Also, they don’t maintain the history of the list of inspection services that has been carried out for a machinery.

Regular inspection and maintenance is an important factor in the life cycle of machinery as well as to ensure the safety of the person who is operating the machine. Based on the global survey by a marketing agency, it is predicted that the annual turnover of machinery maintenance is close to $300 billion USD. To reduce the maintenance cost and to provide high-quality service for the special machinery, IronBlock, a blockchain based platform exclusively for special machinery is under development. Buyers and sellers can access the services of the platform by using IRB tokens. The IRB token is a utility token based on Ethereum ERC20. Check out https://ironblock.io/ to learn more information about the pricing, availability, and sale of IRB tokens.

What is IronBlock? 
IronBlock is basically a decentralized platform which aims to bring more transparency and trust in the sales and service of specialized machinery throughout the world. It eliminates the need for a middleman and connects the buyers and sellers directly. It issues the validity certificates for machinery that can be used by the buyer or seller to check the status of machinery. For the service and maintenance of machinery, the IronBlock platform is introducing a new type of document called ‘TechPassport’.

What is TechPassport? TechPassport will contain the complete maintenance history of machinery. It will have the following fields.

Type of work done
Cost
Date
Registration information
Running hours

TechPassport of machinery will be stored in the blockchain that can be easily accessed by the buyer or seller throughout the operating period. Even if the machinery is acquired by a new owner, still the record will be available on the blockchain including the latest information about the ownership. The TechPassport can be used to solve the trust issues between the parties as the service and maintenance is done by licensed local service centers. IronBlock platform will issue the license to local service centers only if they are compliant with all the guidelines set by the platform. Also, TechPassport will help the machinery owners and leasing companies to automate the service and maintenance of the machinery thereby reducing the cost as well. Sounds Interesting? Kindly visit the official whitepaper of IronBlock https://ironblock.io/media/IronBlock_en_WP_2.0.pdf to learn more information about the platform.

author :  the gaye

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