Ambrosus
Ambrosus is a Belize-based company, building a blockchain and Internet of Things (IoT) platform originally created on the Ethereum blockchain. Specifically designed for enterprise IT systems, Ambrosus is first and foremost a next-generation supply chain solution. While largely applicable to virtually any supply chain, Ambrosus has specifically focused on the food, pharmaceutical, commodity, and electronics’ industries. Through the use of smart devices and IoT, Ambrosus allows for any person, company, or government to connect secure hardware devices to a decentralised public blockchain to track, trace, monitor or store various kinds of data. As an open-source project, with significant amounts of code available on github, the Ambrosus ecosystem allows for developers and entrepreneurs alike to leverage the Ambrosus blockchain to build new forms of dApps, applications, and business models for global supply chains and IoT devices.
Contents
Background
Amidst the ongoing revolution of data, and the rise of Industry 4.0, Ambrosus has positioned itself as a holistic, end-to-end solution for companies in need of better data management, quality assurance, and device to device connectivity. With global supply chains growing and becoming increasingly complex, the risk of fraud and counterfeiting has equally risen. At the same time, consumer trends indicate a rising demand for authentic, quality, and sustainably sourced food and consumer materials. With future trends indicating smart cities, the implementation of artificial intelligence, and a rise in smart management, Ambrosus is building a next-generation solution guaranteeing quality assurance for supply chains, cities, and consumers altogether. Built with smart contracts on a secure public blockchain, Ambrosus will allow for any type of smart device to securely, transparently, and automatically record and facilitate data among any number of designated stakeholders.
The Ambrosus Ecosystem
The Ambrosus Ecosystem is made up of three fundamental components: 1) the Ambrosus Software Solution, AMB-NET. 2) The Ambrosus Hardware Solution, the Innovation Laboratory. 3) Open source dApp and application development through the Ambrosus Developers Portal. Altogether, the Ambrosus Ecosystem allows for an innovative and comprehensive solution for supply chain management challenges. Among various services offered by Ambrosus, the most notable include:
- End to End traceability.
- Temperature Monitoring of Certain Products
- Smart tagging of counterfeited items.
- Quality Assurance, microbiological, and DNA testing of products
- Fully Party logistics using ‘Smart Containers’.
- Layer by Layer (R2R) and 3D printed smart labels and devices.
- Product Recall Interfacing
- Smart Insurance for Supply Chains
AMB-NET
The Ambrosus Network (AMB-NET) is at the center of the Ambrosus Ecosystem. More than just a blockchain, AMB-NET is a specially designed supply chain management platform, and made to be scalable, interoperable, and most importantly, easily connected to legacy IT systems. AMB-NET ultimately, allows high-tech hardware sensors to communicate in real time with a distributed platform in an easy, convenient and enterprise friendly manner. Any companies’ hardware sensors, or smart devices must be especially connected to the Ambrosus Network, in order for data transmission to occur.
Importantly, for multinational companies or any other party interested in maintaining the privacy of their data, the Ambrosus Network allows for various levels of data storage: data can either be stored in a public (completely open) manner, a semi-public (open to select third parties) manner, or finally a fully private (only available to the company itself) manner. For every ‘bundle’ of data compacted and put onto the blockchain, only meta-data will be stored and validated. Such meta data includes information like the timestamp of when the data was created, the owner of the specific data, as well as the hash of the data ID.
Overall, the Ambrosus Network allows for much more than just data security on a blockchain. It also allows for all of the tooling enterprises needed in order to integrate blockchain technology with a customers’ business. Such tools can include things such as private data storage, user and access control in a decentralised context, trusted data storage, a platform to build apps, monthly billing, etc.
The Innovation Laboratory
The Ambrosus Innovation Laboratory, led by Dr. Stefan Meyer is based in Switzerland, and makes up the fundamental research and development facility for Ambrosus’ hardware solutions. As a clear competitive advantage for Ambrosus, the Innovation Laboratory specializes in the custom creation of smart devices and smart containers, tailor made for specific Ambrosus gateways. Additionally the Ambrosus InnoLab experiments with cutting edge versions of Layer to Layer (R2R) and 3D printing, in order to design new forms of smart tags that are more environmentally friendly. Overall, the Ambrosus InnoLab is comprised of a number of highly trained and specialized engineers and sensor developers that allow for the creation of next-generation smart devices, fit for the Fourth Industrial Revolution.
Developer Portal
Finally, in support of the open-source nature undergirding the entire project, Ambrosus is in the process of creating and helping to launch their very own developer portal. Various SDK’s have already been designed to allow for prospective developers to create special clients for Ambrosus dApps on Javascript, HTML, Android, and iOS.
This portal will allow seasoned developers to make use of Ambrosus for funding, marketing, and dialogue about certain dApp and application ideas. All financial incentives built into any application on the Ambrosus blockchain, is required to be paid in Amber (AMB). Additionally, developers and entrepreneurs alike have the opportunity to launch their own projects on top of the Ambrosus Network, in the form of an ICO or a TGE. Ultimately, the developer portal services as an open source opportunity for developers and entrepreneurs to leverage the technology grounding Ambrosus, to develop cutting edge applications or entirely new projects. As the global economic is filled with industries in need of increased data interfacing, IoT connectivity, and general consumer engagement, there is no shortage of possible dApps or applications that can be built on top of the Ambrosus Blockchain.
Amber The Token
Amber (AMB) is a utility token that must be used in order to access the Ambrosus ecosystem. More specifically, the Amber token (AMB) is used by three primary stakeholders: 1) clients wishing to use the network to trace, monitor, and configure their supply chain data, 2) operators wishing to run a Masternode on the network as a means of securing the network and ensuring its proper functioning, and 3) dApp and app developers wishing to connect some form of a financially incentivized application or tool to the Ambrosus blockchain, that can then be used by individual consumers or companies alike.
As such the Amber token (AMB) is much like the ‘gas’ of the network: companies must buy Amber in order to trace products through the supply chain, node operators must stake Amber in order to secure the network, and for certain dApps and Applications, any financial incentives or rewards must be paid out in Amber. Importantly, since the Ambrosus Token Generation Event (TGE) Ambrosus has maintained themselves as 100 percent regulatory compliant, and as initial token holders were required to pass a KYC screening.
Cryptoeconomics
The Ambrosus crypto-economic model makes use of a unique Proof of Authority Consensus Algorithm. Designed by Solutions Architect, Professor Roger Watenhoffer, the crypto-economic model is founded upon a multi-tiered system of Masternodes. Each masternodes, possesses a necessary function for the successful operability of the network.
Apollo Masternodes – Requiring a Stake of 250,000 AMB tokens, are used as validators of all transactions on the network. In order to ensure proper functioning of the Ambrosus Network for companies wishing to trace their supply chain data, Apollo Masternode holders must be KYC screened as well as contracted with a certain Service Level Agreement (SLA).
Hermes Masternodes – Requiring a Stake of 150,000 AMB token, are used as data providers for the Ambrosus Network. Hermes Masternodes effectively function as the ‘connectors’ between sensor data in a supply chain, and the data uploaded onto the Ambrosus network. Like Apollo Nodes, Hermes Masternodes require a KYC screening and are also contracted to provide a certain Service Level Agreement (SLA).
Atlas Masternodes – ensure the security of all data stored on the Ambrosus Network. There are three different tiers of Atlas Masternodes, each corresponding to the Masternode’s capabilities on the network:
- Omega Masternodes – Requiring a stake of 75,000 AMB.
- Sigma Masternodes – Requiring a stake of 30,000 AMB.
- Zeta Masternodes – Requiring a stake of 10,000 AMB.
Altogether, companies are required to pay $12 USD in AMB, in order to store 1 bundle of data on the Ambrosus Network. 1 Bundle of data ultimately corresponds to up to a maximum capacity of 16,384 sensor readings from various smart devices. The fee is then split accordingly between the responsible Atlas and Apollo Masternodes.
The Ambrosus Team
The Ambrosus team is currently estimated to stand at close to 60 full time employees. In addition to the number of employees, Ambrosus currently has 4 offices open around Europe: 2 in Switzerland, 1 in Estonia, and a most recent office, in Ireland. The CEO and Co-Founder of Ambrosus, is Angel Versetti. The CTO and other Co-Founder is Dr. Stefan Meyer. Finally the CPO is Dr. Vlad Trifa. Altogether the three team leaders bring decades of experience in the food industry, Internet of Things technology, international trade and economics, and much more.
Future Developments
In the future, the Ambrosus Ecosystem is expected to scale up in the number of industries using their network. Corresponding to this scale, a proportionate number of Masternode Operators will be allowed onto the network. With an indefinite number of global industries in need of the Ambrosus solution, the future demand of the Ambrosus Network appears to be evident. By December of 2018, the Industrial Grade Ambrosus Platform will be fit for launch on a massive scale.
Original Ambrosus ICO Information
- Project name: Ambrosus
- Token symbol: AMB
- Website: https://ambrosus.com/
- Whitepaper: https://ambrosus.com/wp-content/uploads/2017/09/Ambrosus-White-Paper-V8-1.pdf
- Hard cap: 328 000 ETH (ICO contributors own 40% of total token supply if hard cap is reached)
- Soft Cap: None
- Conversion rate: 1 ETH = 1,000 AMB
- Maximum market cap at ICO on a fully diluted basis: 820 000 ETH if hard cap is reached
- Bonus structure: 10% for contributions over 300 ETH / 20% for contributions over 1,600 ETH / 30% for contributions over 3,200 ETH
- Pre-sale / white list available: Pre-sale is over
- ERC20 token: Yes
- Timeline: Postponed to September 22, 2017 (please refer to Ambrosus’ website for the most up-to-date information)
- Token distribution date: Smart-Contract Preallocated
Features
- Ethereum Implementation Built;
- Multi-Chain Impelementation in Development;
- Marketplace powered by Smart Contracts Built;
- Sensors Prototypes tested;
- Several Use Cases and Pilots Performed (Olive Oil, Cheese, Baby Food, Seafood);
- Support from United Nations, EIT Food Swiss Federal Institute of Technology and more (Ambrosus is Official Partner to UN Sustainable Food Progamme);
- Financing from the Swiss Government (Department of Economic Promotion, Canton of Vaud, Switzerland).
Exchanges
AMB coin can be bought on one of the following exchanges: Binance, Coinbase, Gate.io, HitBTC, EtherDelta and others.
Ambrosus Wallet
As Amber (AMB) is an ERC20 token, it can be stored on any Ethereum-compatible wallet, such as MyEtherWallet, LedgerWallet, MetaMask, Mist and etc.
Ambrosus coin price
The price of AMB token or Ambrosus coin is always chaining, however, BitcoinWiki gives you a chance to see the prices online on Coin360 widget.