A small note: The most important part of this effect is tweaking the look. I didn't have a lot of time to really dial in the look, but if you put in the time, this effect can look amazing.
Another small note: This effect can be easily converted into an Iron Fist effect.
This is the tutorial for an effect I have been working on. I got the inspiration from iron man 3 obviously along with a similar tutorial that Andrew Kramer did in after effects. I used the free version of hitfilm for this, but you will get much better results if you use mocha for the tracking step. So enjoy, and I will take requests for any other effect you want me to do.