IMMLA stands for International MultiModal Logistic Application, It is the first multimodal logistic service and provide decentralized platform for multimodal transportation. Moving cargos from one place to another place is not always safe. When it comes to foreign trade of cargos, transporter have to follow major safety and create crucial environment if any damage occurs. IMMLA project was launched with the aim of providing simple, clear, and convenient interaction between the owners of cargos or goods and the transporter on every stages of the freight transport by using blockchain technology and smart contracts. By using blockchain technology in transportation, can build reust between transporter and cargo owners, and reduce the cost of work. Or we can say it is a revolution in transportation sector with security and confedentiality throughout the whole supply chain.
Problems Faced by Logistics:
According to one research on US base, the transport and logistics sector losses in economic crime arounf 8 to 30 billion USD, by accepting IMMLA this problem came to solve. Also almost 20 percent cargo’s are uninsured.
Risk of Hidden Damage: Sometimes cargo’s get damaged when it was available with freighters , they try to hide that damage and they get succeed in it. The cargo get submitted to another chain to supply to owners. Sometime it is not possible to demand a compensation in a court on defected cargo, because they don’t know who exactly is responsible for this.
Tax Evasion Risk: If tax regulator has doubt on any party for tax evasion, a cargo gets withdrawn or frozen.
Insurance Risk : To save small amounts most of the companies not taking insurance on cargodamage.
Currency Risk: The currency may differ country to country, by taking advantage of this situation logistic companies forced to complement contract with overcharging fees.
The Solution Will Come With The IMMLA
By using blockchain technology, IMMLA has already removed problem of speed interrogation between The Transportation and The Companies.
Risk of Hidden Damage: By using Blockchain Technology cargo owners can know status of his cargo. To locate the location of the cargo Online GPS will use.
Tax and Currency Risk: The payment will paid through IMMLA tokens so theiris no need to pay extra tax and exchange price.
Insurance Related Problem: Automatic cargo insurance covers insurance on both cargo and transportation.
Main Features of IMMLA
Confidence and reliability: IMMLA’s financial conditio, decentralized system guarantees to pay payment to the carrier’s and same side it guarantees to the cargo owner’s of safe delivery and insurance of cargo.
Shipments terms, current position of cargo, its status at the time of transfer of responsibility between different carriers are securily saved in blockchain, which can’t change by any third party.
IMMLA saves your money: The Dutch auction of carriers offers best transportation cost. Using this platform will reduce the numbers of idle trips. The rating system, cargo owners who has high rating within the system get credits and saves its current assets.
It’s easy to use: Platform has user-friendly mobile and desktop interface. Fully automated transportation and workflow, no need to use any third party service. Easy to track where is your cargo online with the help of GPS. End to end bill of lading so all practices are able to see the full transportation history.
IMMLA would launch two crowdsale stages, Pre-ICO and ICO. IMMLA was announced 226,736,000 IML tokens based on Ethereum blockchain. IML tokens will only accepted on iner platform as payment tools.
Pre-ICO Start Date: 15th July 2017
Pre-ICO End Date: 30th July 2017
1ETH: 5200 IML
Offering Size: 2747 ETH or 500k USD
Tokens will Sold in Pre-ICO: 14,284,400
Pre-ICO Start Date: 15th Sept 2017
Pre-ICO End Date: 15th Oct 2017
1ETH: 3640 IML
Offering Size: 46718 ETH or 12.1 M USD
Tokens will Sold in Pre-ICO: 170,052,000 IMMLA Token
If Cowdsale can’t reach minimum cap of 150K USD otherwise all funds will refund to participants.