Transport industry can get its own crypto currency

In Hong Kong, a draft of a crypto currency for the freight industry is being developed.

Two Hong Kong businessmen are developing a project 300Cubits, which creates a cryptonym for the shipping industry.

Twenty-foot container as a crypto currency

These are TEU tokens (the equivalent of a twenty-foot container) that can be used for payment transitions between participants in the supply chain.

Container tokens can solve the problem of excessive redundancy by operators and inconsistencies between operators and shippers – in total all this leads to annual losses of up to 23 billion dollars.

The initiators of the 300Cubits project plan to initially distribute some of the tokens for free, togetherem Cmfenews.

Recall, in logistics is already actively implemented block-technology. To optimize logistics operations, the blockage is used by Japanese and South Korean shipping companies.

Author: Evgenij Novožilov, Analyst Freedman Club Crypto News

Image from Fotolia

Source: Read Full Article

Leave a Reply