Although modern logistic market is IT-intensive, it is blinkered and misspendly clustered bу information barriers. This usually leads to low volumes and high prices. Recent estimate indicates that just under 80% of companies perform inefficient. The rough setting of perfect competition implies that logistic market could have been 5 times bigger without this losses.
Revolutionary new product — International MultiModal Logistic Application (IMMLA) will make it easy for а cargo owner and freighters to connect and collaborate through decentralized service. The service uses Blockchain and smart contract technology to eliminate the problem of trust, information barriers and legal costs.
IMMLA will be partially based on the logistics industry leading ERP solution Logismart by SBSolution. Logismart now functions in several dozen multinational logistic corporations.
IMMLA is new product, inheriting only the logic from its predecessor. It’s a decision that will be used in multimodal transportation and provide confidence and reliability, be cheaper than other products and services because of using of Dutch action and be absolutely user friendly by its interface. Pre-ICO of IMMLA finishes July 30, 2017.
IMMLA IT-director Viacheslav NEUNYVAKIN is speaking about technical features of the project.
Platform is based on a microservice architecture. Some services can be provided by 3rd parties.
IMMLA platform will include following modules:
- Web services and Frontend
- Delivery Analysis Service
- Document Management Service
- Delivery Tracking Service
- Blockchain
There are such entities exist in the system as Carrier, Cargo owner, Customs, Insurance and other. Service provides user identity mechanism where third parties are involved. IMMLA is a trusted platform which verifies incoming users information, signs and transmits to the Oracle. Oracle is a legal entity who checks and signs the private data. When checks are done IMMLA publishes data hash and signatures to the public Blockchain.
Each layer responsible for different business processes. IMMLA joins existing products together and provides unified tool to initiate, track and release cargo delivery. IMMLA are going to use common modern standards of identity because of DMS and DAS services are self-sufficient. With modern and innovative identity practices IMMLA reduces costs and economic inefficiency when all parties have to collect, store and protect the same sort of personal data. Moreover, this approach makes us flexible and open for integration with many other subsystems to ensure robust and reliable service.
IMMLA suggest to use Sovrin identity system as a trusted and sharable ledger. This technology allows us to prevent lack of security and improve product transparency, reliability and portability. Sovrin is a distributed ledger hence no single entity who keeps Client’s information. Also Clients control their private data and can share IMMLA’s verifications status with anyone without reguests to IMMLA system.
Sovrin operates with Claims which are easy integrable with IMMLA’s business processes. A Claim is a digital assertion made by a Sovrin entity about itself or another Sovrin entity. Initially IMMLA’s Claims for Clients will include their verification status. For non Clients such as Carrier, Insurance IMMLA will provide personal license. IMMLA are able to revoke licenses which it has issued.
Another area of interest is Cargo delivery. To improve cargo delivery relationships blockchain will be used on all major steps:
- delivery reguest and offer confirmation;
- tracking delivery state;
- automatic calculation of total delivery price, including issues, delivery date terms and etc.;
- payment confirmation;
- participants scoring;
- big data analysis to analyse market and make recommendations.
This technology will allow us to provide such features as transparency, authorization and reduce middle man influence on the process. Blockchain is used as trusted data exchange layer between untrusted parties. Project will use Ethereum platform in private mode, as one of the most well known, commonly used, long living blockchain solution with Smart Contract support on the market.
Proof of Authority (PoA) network consensus is selected to reduce delays and operation costs. It will be possible to snapshot private network state to public network to ensure immutability.
IMMLA will allow to use multiple suppliers, carriers. In order to make smooth integration among all Internet of Things (IOT) devices (containers, transports, etc.) used in delivery platform will require unified registry. Open Registry suggested by Chronicled.org seems appropriate solution, using standardized implementation will allow smooth integration with other services of IOT market. With this registry our customer may use even more detailed contracts, that will lead to more automation of process.
