The Timber Coin project is a decentralized online platform based on the blockchain Ethereum that shall use the smart-contract system, combining advanced technologies in the area of finance and industrial production of one of the most demanded in the world market high-strength multilayer square-sawn lumber that is the veneer laminated, reliable, cost-effective, easy-to-use material for the construction of lightweight, environmentally friendly, heat-saving houses, agricultural, sports and other facilities. This is a unique integration of the latest developments in the field of wood processing and pre-cut house construction method.
Ethereum technology makes it possible to register any transactions and operations with the produced goods based on the distributed contract base of the blockchain type, without referring to the traditional legal procedures. All transactions with the goods shall be transparent, controlled and safe.
The Timber Coin system is designed not only for the registration of transactions and deals between the manufacturer and the customer. It is the key to a completely new ecosystem of customer service, the collection, and analysis of statistical information, as well as the establishment of new business processes in the construction industry.
For example, the manufacturers, dealers, construction companies, and digital solution providers shall be able to connect to the system, provide their services, and thereby increase the value of the blockchain.
The environmentally friendly production is unique in terms of the application of the prospective FSCTM (Forest Stewardship Council®) technology. The production is non-waste since the technological residues are used for the production of pellets (fuel pellets) of premium class.
The project completely uses the ideology of the national “Clean Country” project.