Li & Fung weaves its way towards fully digital apparel supply chain with sewbot deal
The era of the digital textile supply chain came a step nearer yesterday after Hong ...
By Sam Whelan
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 to eliminate shipping’s “trust issue” by reducing the counterparty default risk, caused by shipper ‘no-shows’, and by carriers ‘rolling’ cargo.
According to New Jersey Institute of Technology’s Professor Michael Erlich, the impact of this booking shortfall ...
Comment on this article
dav
August 21, 2017 at 9:28 amgreat 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…