New Uber-like platform for cargo delivery

IMMLA raising funds ahead of possible launch next year

shipping containers freight logistics

The proponents of a new blockchain-based, Uber-like platform for cargo delivery, say they want to put the power of logistics decision back into the hands of the freight owner.

UK based IMMLA is looking for investors at it attempts to raise $38 million USD, they say their platform though can take a significant share of the $8.1 trillion-dollar logistics market into the future.

How it Works

IMMLA is a decentralized service that uses smart contracts on blockchain to achieve scalability.

The IMMLA solution does so by enabling owners to choose the best solution out of thousands of multi-modal transportation options, to ensure the best price, time and quality of service.

This is “the Uber for freight logistics”, according to the company.

IMMLA’s mission is to make it faster, safely and cheaper for a cargo owner and freighters to conclude deals for transportation of cargo.

Set to launch in Europe and China in 2019, then Africa and North America after that, IMMLA say the technology will dramatically reduce the number of the personnel involved in logistics planning, information barriers, and legal costs.

Related: Freight and truck driver apps tipped to boom

Check out more details on the concept in the IMMLA White Paper.

We will keep you updated as further details on this venture comes to hand.

About Joel Helmes 1676 Articles
Joel is the founder and CEO of Heavy Vehicles. With more than 20 years experience in the media, including more than 10 years heading up the car publication - Behind the Wheel, Joel is passionate about bringing a fresh perspective to the Australian road transport industry. Prior to his media career Joel worked for a number of years as a bus, truck and delivery driver.

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