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300cubits: A Blockchain Innovation for the Shipping Industry
內容大綱
300cubits is a blockchain application that aims to solve the no-show problem in the cargo shipping industry. Its founders, Johnson Leung and Jonathan Lee, are two HKUST alumni with experience in banking and shipping. They have identified a pain point, in the cargo shipping industry which does not require a pre-shipping cash deposit, results in no-show and cargo roll-over problems. They developed a new Ethereum based cryptocurrency, TEU, to serve as such collateral. They then conducted an initial coin offering (ICO) pre-sale in September 2017, and an official ICO in April 2018. However, the ICO failed to raise a lot of capital. However, the uptake of TEU tokens was very slow in the industry. They are now pondering the next steps forward.