300cubits provides a use-case for cryptocurrency and blockchain in the shipping industry. The multi-billion dollar industry is facing problems like overbooking, broken customer contracts, and fluctuating freight rates.
300cubits proposes a solution for the shipping industry through the issuance of its cryptocurrency: the TEU, which would act a sort of booking deposit by both customers and freight liners. 300cubits will also create an economic ecosystem around the TEU.
The 300cubits team has extensive experience in financials and the shipping/freight industry. Although detailed,, at the early stage of development 300cubits is in, their whitepaper consists largely of hypothetical ideas and future plans.
300cubits does not have any prototype or code available to date. They also do not have any blockchain experience on their team. They intend to use some of their ICO funding to hire and fill these gaps. Their free market ICO pricing structure makes it difficult to gauge company or token valuation at this time.
300Cubits ICO Review | Ecency
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