IMMLA Boosts the Development of the Pre-Alpha Version of the Service Before the ICO

The main part of the components will be tested by logistics companies and developers included in the testing pool.

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Aug 17, 2017, 19:00 ET

ST. PETERSBURG, Russia, Aug. 17, 2017 /PRNewswire/ -- IMMLA will finish the first pre-alpha version of the service by 10th September 2017.

As a part of the development of the pre-alpha version, IMMLA is preparing an extended version of the code of the business process service, which is based on smart-contracts and centralized subsystems as well as interfaces related to them.

Part of the components of the service will be published on https://github.com/IMMLA and part on www.immla.io website in order to allow the testing of the working capacity of the concept (Proof of Concept). The main part of the components will be tested by logistics companies and developers included in the testing pool and will not be available to wider audience.

Earlier the IMMLA team announced that the pre-alpha version of the product will be developed by the end of September and the beginning of October 2017. Reduction of the product's development period is associated with a successful Pre-ICO that was held in July 2017 (more than $500,000 have been raised) and the attraction of new highly qualified specialists into the team.

"We used 30% of the funds collected during the Pre-ICO for the development of IMMLA service and recruitment for the team. The interim result is that the pre-alpha version of our system will be ready in the beginning of September. We will prepare a video presentation on how the system works, where we will briefly talk about its capabilities and will demonstrate it to the investors during the road-show prior to the ICO," says the CIO of IMMLA Viacheslav Neunyvakin.

Pre-alpha version of the product will be released before the ICO of IMMLA project, which will be held from 15th September to 15th October 2017.

First transportations IMMLA plans to carry out in the first half of 2018. These transportations will be realized as a part of auto tracking market, and partially using the sea freight services. Furthermore, in 2019–2020 the IMMLA team is planning a geographical expansion to the markets of Western and Eastern Europe as well as China.

Developers of the IMMLA service are the SBSolutions company, which developed LogiSmart — a leading ERP solution for automation of logistics services companies, and a group of blockchain developers. At the moment, the IMMLA service's development team consists of 18 people.

IMMLA — is a consortium of leading logistics services and IT companies including SBSolutions, Formag Forwarding and experts from Hellman Worldwide Logistics.

IMMLA mission is to ensure safe and convenient interaction between the cargo owner and the transporter on all stages of the transportation process based on Ethereum blockchain and smart-contracts. The new technology will allow to drastically minimize the problem of trust, information barriers, and legal issues.

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