Plug Pulled on Shipping Cryptocurrency

By Sam Whelan, Asia correspondent (The Loadstar) - Hong Kong-based start-up 300cubits will suspend its container shipping cryptocurrency tomorrow, as the industry enters “crunch time” for freight-tech. In 2017, the firm set out to solve container shipping’s “booking shortfall”, a $23bn problem created by five million teu of ‘no show’ and ‘rolled’ cargo every year. By … [Read more...]

TEU Tokens – First Cryptocurrency for Container Shipping is Launched

By Gavin van Marle (The Loadstar) - Container shipping could see the first widespread use of a cryptocurrency this week. Hong Kong-based blockchain developer ETH Smart Contract Tech will tomorrow start handing out its bespoke TEU tokens to shippers, forwarders and 3PLs under its 300cubits project. The company will release some 20m TEU tokens, “custom-designed as digital … [Read more...]