300cubits has now suspended the operations of its blockchain-based booking module as well as the circulation of its TEU tokens. What is 300cubits? 300cubits had introduced the idea for a blockchain-based shipping module around two years ago. The project increases the efficiency of the shipping industry by utilizing blockchain technology to oversee the operations. The company had created TEU tokens on the Ethereum blockchain to be used as a financial medium for the network. However, it wasn’t until March 2018 that the company started accepting trial shipments while live production was launched in July 2018. The company claims that the
