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News / TEU tokens and blockchain may shape the future of container shipping contracts

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Blockchain initiative 300cubits has created a new type of cryptocurrency to solve liner shipping’s US$23bn “booking shortfall” conundrum.

Named TEU, the de-facto industry currency is distributed as tokens on the Ethereum network and will be tradeable on various global cryptocurrency exchanges.

300cubits claims the tokens will help ...

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  • dav

    August 21, 2017 at 9:28 am

    great idea…industry is in desperate need of exactly…THIS!!!!!!!!

  • DANIEL Richard JACKSON

    August 24, 2017 at 9:27 pm

    ” ……adding that only 100,000,000 tokens would be created to ensure their long-term value.”

    All these crypto-currencies have a similar self serving, speculative element….
    300cubits is yet another, essentially ponzi scheme, under guise of being
    some kind of economic grease-miracle…

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