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Blockchain pioneer closes booking platform – more could follow suit

300 Cubits, one of the best-known pioneers within blockchain in shipping, is closing its booking platform for containers as it has not been able to break even. The elimination race among digital freight companies has begun, says analyst. 

Photo: Daniel Munoz/REUTERS / X01439

300 Cubits, one of the first companies to introduce blockchain in shipping, has decided to shut down its booking system for containers.

The company informs that the system will be shut down from Oct. 1, as there have not been enough bookings to make the business viable.

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