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.
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.