NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

IMMLA Makes Blockchain-Revolution in World Logistics

newsbtc
newsbtc
5 years ago
3 mins read
IMMLA

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

In the USA alone, businesses lose over $40 billion annually due to various issues that occur while transporting goods from one place to another. A number of factors are responsible for these losses.

To explain a few, businesses may end up incurring losses in the event they are charged for insolvency risk by the transport and logistics providers. If that isn’t bad enough, customers could end up suffering losses in cases where they receive damaged or defective goods, leaving them unable to identify the responsible party — whether such damages were caused before it was shipped or during transit. In such a situation, the customer won’t be able to claim compensation without substantial proof.

Sometimes, willingly or unwillingly a business may fail to pay the applicable taxes, which will result in the products being seized by the authorities. It will lead to a loss on their part. In other instances, transporters may under-compensate the business owners if they are found to be liable. However, such compensation may not be adequate to cover the total cost of the whole investment/damages.

Finally, another way businesses end up shouldering the loss is when they are charged in foreign currencies. When this happens, the business has to go ahead and make conversions, and this may lead to losses on their end because of the fluctuating currency prices and fees involved in the conversions.

Bringing Smart Contracts to Logistics

IMMLA is a logistics IT system based on blockchain that aims to address all these problems that business owners face. The platform will monitor cargo transportation from the source to its destination through the blockchain. By doing so, it eliminates the issues of trust. The platform will work by initiating a smart contract the moment a consignment is marked to be shipped.

The smart contract will be automatically executed once all the data/requirements stored in the blockchain has been met (the shipper should have paid taxes and have necessary documentation in place). IMMLA will work with a host of tracking providers to ensure that updates about the shipment status are continuously provided to all the interested parties on a real-time basis.

The payment for the cargo will be made through the use of IML tokens — IMMLA’s native cryptocurrency. This will handle the issue of currency risk and provide some stability to both parties.

By the end of 2018, the company plans to have launched its application and have earned Ml$ in revenue. By the end of 2019, it plans to have earned M10$ after it has enhanced its application with air cargo options and custom modules. In 2020, its goal is to localize its services in China and Europe, as well as adding forwarding and warehouse options, resulting in revenue of M25$. In 2021, they hope to earn M50$ in revenue, and in 2022, M100$ through adding a railway module. The gradual growth should attract even more investors, as they see the advantages of such a system for cargo transportation.

IMMLA ICO

During the ICO (September 15, 2017 – October 15, 2017), investors will be able to buy 434,477,177 IML. The sale will involve four lots. Each lot will increase in price by approximately 2.5%, so it is to contributors’ advantage to get in on the action early. Later, IMMLA plans to redeem and burn IML tokens with 36 percent of the proceeds. This will drive up the price, increasing the benefits to contributors even more.

Earlier IMMLA released Proof of Concept of its system. It is available at immla.dev-group.io and shows the work of the IMMLA blockchain. External monitoring of the IMMLA blockchain is available at ethscan.dev-group.io.

Also pre-alpha version of IMMLA system was released on September 10. A video-overview of pre-alpha version is available on the official channel of IMMLA on Youtube.

Now’s the time for contributors and potential investors to look long and hard at the advantages of getting in on the ground floor for this exciting new development in the logistics field. For a thorough look at the specifics, download

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

altcoin sezóna 2025

Altcoin sezóna je oficiálne tu. Ktoré altcoiny sa teraz oplatí kúpiť?

Trh s kryptomenami zažíva obrat. Dominancia Bitcoinu klesla za posledný mesiac o ďalšie 2 %, zatiaľ čo Altcoin Season Index...

Nina Šefčíková 6 days ago
Why SpacePay Is The Hidden Gem in This Year’s Hot Altcoin Presale Season

Why SpacePay Is The Hidden Gem in This Year’s Hot Altcoin Presale Season

Here’s the thing about altcoin season – everyone’s looking for the next big thing, but most projects end up being...

ericdunne519 5 days ago
Why SpacePay Is the Top Altcoin to Buy for Practical Crypto Spending, Presale Ongoing

Why SpacePay Is the Top Altcoin to Buy for Practical Crypto Spending, Presale Ongoing

Paying with crypto in the real world is still a pain. You walk into a store, want to use your...

ericdunne519 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

D’CENT Wallet Launches GasPass, Bringing Gas-Free Blockchain Transactions

D’CENT Wallet Launches GasPass, Bringing Gas-Free Blockchain Transactions

Aaron Walker 18 hours ago
Forget High Fees, Volatility, and Speed Issues - SpacePay's New Solutions Could Change Crypto Payments Forever

Forget High Fees, Volatility, and Speed Issues – SpacePay’s New Solutions Could Change Crypto Payments Forever

ericdunne519 2 days ago
MEXC Makes Your Crypto Purchases Extra Simple and Secure with Apple Pay and Google Pay

MEXC Makes Your Crypto Purchases Extra Simple and Secure with Apple Pay and Google Pay

Aaron Walker 5 days ago

Premium Sponsors

Press Releases

  • Az altcoin szezon itt van. Ez a három tényező hajthatja a bikapiacot

    Az altcoin szezon itt van. Ez a három tényező hajthatja...

    5 hours ago
  • Sezon na altcoiny już tu jest. Te trzy czynniki mogą napędzać hossę

    Sezon na altcoiny już tu jest. Te trzy czynniki mogą...

    7 hours ago
  • Sezonul altcoin este aici. Acești trei factori sunt văzuți ca motoare ale raliului

    Sezonul altcoin este aici. Acești trei factori sunt...

    10 hours ago
  • ドージコイン 今後の価格予測:ウォールストリートが注目する「1ドル圏」への道

    ドージコイン...

    12 hours ago
  • Сезонът на алткойните е тук. Три фактора се очаква да задвижат ралито

    Сезонът на алткойните е тук. Три...

    12 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.