Ambrosus is a blockchain operating on the Internet of Things (IoT) platform. Originally it was created on the Ethereum blockchain as a part of supply chain management. Its purpose was to optimize food and pharmaceutical industries by means of blockchain technology and IOT devices. Some of these devices are high-tech sensors, others are encrypted anti-tampering mechanisms. There are also smart contracts and blockchain protocols that help to create a secure ecosystem of a supply chain. It means that both distributors and consumers can track, store, and transmit the flow of the products.
Ambrosus positions itself as a coherent, end-to-end solution, which offers a service of better data management for companies. It is also decentralized, so there is no single entity that controls the supply chain data.
The Ambrosus blockchain also issues its own AMB crypto which serves as the foundation of the Ambrosus network. The idea of the coin has derived from ancient Greek mythology, where ambrosia was a miraculous food of gods. As the legend says, it made them powerful and immortal. So does the AMB coin to Ambrosus’s ecosystem - it powers, activates and operates the network with all of its services.
Ambrosus was created in 2017 by Angel Versetti and Stefan Meyer. It is based in Switzerland, one of the most crypto-friendly countries in the world. The team was active in its development and has rapidly grown into a big company. The founders have pretty strong credentials and experience in the area of cryptocurrencies, sensors, and microelectronics, programming, and investments. All this knowledge is well suited to blockchain-based supply chain platforms. Ambrosus is supported by the United Nations, EIT Food Swiss Federal Institute of Technology, and more. Besides, it's financed by the Swiss government.
Now that we’ve told you about AMB, you may want to become a part of the friendly AMB community. Don't know how? We suggest you go to the SimpleSwap homepage and follow the instructions below:
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