300cubits is a blockchain initiative relieving the pain points of the container shipping industry through creation of a de facto shipping crypto currency called TEU and migration of industry process onto Ethereum. To start, we will implement TEU tokens as deposit for the shipment booking process with help of our TEU Ecosystem. Going forward, TEU tokens could provide either better foresight or a hedging tool to tackle the volatility of the industry cycles. 300cubits will introduce freely distributed TEU token to the shipping industry who will be motivated to adopt and integrate the tokens into their supply chain workflow once they see their industrial value. The industry wide adoption of the token will increase its attractiveness for usage in further use cases beyond Ghost Bookings.