IMMLA which stands for International MultiModal Logistic Application is planning on launching real third party transportation using smart-contracts. This will be based on the Ethereum blockchain, with a scheduled launch as early as the 1st quarter of 2018.
In the course of 5 years of step-by-step introduction to the service, all transportation modules will be included, and it will be localized to all large open economies – CIS, India, China, USA, Western Europe.
According to the management team forecasts, they will take 1-2% of the global freight market in five years.
The IMMLA service is based on the IT solution Logismart. It is developed by the one of the IMMLA consortium members and demonstrates its effectiveness in several dozen multinational logistic corporations.
IMMLA project mission is a simple, clear and convenient interaction between the owner of cargo and the transporter on all stages of the freight transport on the basis of Etherium blockchain and smart contracts. New technology allows to dramatically reduce trust deficit, information barriers and legal costs.
The base currency of IMMLA’s first round ICO is ETH. During the first round the IML token price is 0,000192 ЕТН, during the second round of ICO the price will be 0,000275 ЕТН. So early birds win the bonus of 43%. Pre-ICO is successful if more than 577 ЕТН (~$150К) will be collected, otherwise all funds are returned to pre-lCO participants.
This is the first time we’ve encountered an ICO tackling the transportation challenge and we are looking forward to learning more about this most recent development.