VANCOUVER, British Columbia, May 29, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF) (OTC:LLNKF), a leader in logistics, artificial intelligence and digital payment solutions, is pleased to announce that it will be integrating uBUCK technology into its 1SHIFT logistics platform to add a digital wallet to its feature set.
The 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. Now, with the introduction of uBUCK, the 1SHIFT platform will be able to address the delayed payments issue that is prominent in the transportation industry.
“Many truckers are still being paid with paper cheques, which means payments can be delayed by weeks. By integrating uBUCK into the 1SHIFT platform, we are able to offer truckers their own digital wallet right at their fingertips, which will allow for instant payments,” said LiteLink CEO Ashik Karim. “We are excited to add this great feature to the 1SHIFT app, which we expect will completely transform the transportation and logistics industry.”
1SHIFT is an end-to-end logistics management solution that enables real-time transparency & tracking as well as peer feedback and regulation. 1SHIFT is in its final stages of development under LiteLink Labs Inc., a wholly owned subsidiary of LiteLink Technologies Inc.
The 1SHIFT mobile app is used by truckers to view real-time shipment details and to flag any issues, automatically provide the geolocation using the phone’s GPS capabilities. The end result is that stakeholders who are monitoring shipments can view an interactive map within 1SHIFT showing the current location and progress of each shipment. 1SHIFT also has a robust audit trail capability employing blockchain technology that provides an immutable historical record of the events surrounding each shipment. This data can be used to quickly resolve disputes and associated penalties and fines, saving millions in detention costs when a truck faces a long wait at the dock and cannot move on to the next job on a timely basis.
About LiteLink Technologies Inc.
LiteLink Technologies Inc. (CSE:LLT)(FRA:C0B:FF) (OTC:LLNKF) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. uBUCK Pay is a multi-currency digital wallet that supports traditional fiat and digital currencies. Consumers are able to make online and offline purchases using the uBUCK debit card and send funds worldwide for free. For more information about LiteLink Technologies Inc., please visit litelinktech.com. If you would like to know more about the 1SHIFT logistics platform, please visit 1shiftlogistics.com.
Find out more about the Company at litelinktech.com and the 1SHIFT Product at 1shiftlogistics.com.
About uBUCK Technologies SEZC
Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in decentralized digital payments and wallets. uBUCK Pay and Streambucks are P2P payment platforms offering consumers, businesses and merchants a fast, commission-free and highly secure alternative to traditional payment methods. uBUCK Cash and Streambucks Cash are stable utility tokens that are backed by the U.S. dollar via pin voucher purchases within the uBUCK Pay app or at participating resellers. Customers may load a uBUCK debit card and make online and offline purchases and send payments around the world for free.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the nature of the business of LiteLink, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules, and regulations.