300cubits

300 CUBITS is a platform based on block chain for container shipping industry realized through the issuance of a digital currency called TEU token

PROS:

• The platform is less capital intensive as its initial implementation  involves giving the TEU freely to the users with the provision to use it atleast 12 times a year which is easily achievable
• The adoption of block chain technology  makes  the platform to be independent on the existence of any middlemen ensuring the bookings are made securely
• The platform use can be replicated vertically in other related areas i.e. trucking, freight forwarding or other non-container shipping creating an extensive use of the project
• The users are able to book shipment space without having to pay in advance  and failure to show up in any port terminal  has no consequences making it user friendly
• The platform makes t the booking very simple as it eliminates the most of the requirements allowing its extensive use as  the users are exposed to minimum requirements which can be easily filled in a excel sheets or  as CSV files
• The project has a credible team  as  Johnson Leung the co-founder has a combined 20 years of experience in container shipping industry  and port investments making him a good asset in the project implementations

CONS:

• The platform use with fiat currencies comes with additional costs
• The platform whitepaper is subjected to changes hence the TEU token use is not permanent
• The project milestone giving a proper direction of its plan is missing

SUGGESTIONS:

• The project token use should be made compatible with fiat currencies with no hidden costs
• The whitepaper should be fully implemented  with little changes on the use of TEU tokens

Project strong sides: perspective idea, strong professional team, detailed marketing strategy.

Project weak sides: no business plan and deep market analysis.

So our position is neutral.

300Cubits is an ambitious project that aims to disrupt the global container shipping industry through the use of a blockchain platform and a cryptocurrency called TEU. TEU tokens are designed with the goal of becoming the de facto currency for the global container shipping industry.

300Cubits will develops its platform throughout 2018, which is when the booking, smart contract, and marketplace modules are expected to launch (the credit agency module is scheduled for 2019).

By far, the entire project appears to be a very ambitious, highly useful, and of course, a sustainable business. This is likely to disrupt the conventional shipping industry. TEU tokens have been programmed in way that they can become de facto currency for the offshore shipping industry.