Blockchain shipping company 300cubits has suspended its system and token circulation

The blockchain company 300cubits has suspended its blockchain shipping system and token circulation. Although the 300cubits company began trial operation in 2018, only a few hundred containers used its system, and low transaction volume made the system operation ineffective. In addition, the lack of clarity in the regulatory system for cryptographic assets is the main cause of user loss. For this reason, the partnership between 300cubits and the large offshore trading platform INTTRA was cancelled at the last minute. It is reported that the 300cubits based in Hong Kong is considered to be one of the first companies to apply blockchain technology to shipping.