What is Ambrosus (AMB)?
Future of AMB Cryptocurrency and know how to buy AMB

#1 - What is Ambrosus?

Ambrosus - The Basics

  1. Ambrosus is an ecosystem that plans on using the blockchain and IoT in order to track products through the supply chain whilst guaranteeing product quality, safety and origin for the customers. This is done with the intention that the consumers have the right information about the products they are buying.
  1. This information can also be used in order to draw up smart contracts amongst the supplier and the consumer – in turn enforcing quality control, creating a system of “interconnected quality assurance”.
  1. The Ambrosus project began with the aim to ameliorate and enhance the global supply chains through an ecosystem which can record and execute the complete history, movement and transactions of products.

Ambrosus Development

  1. Angel Versetti, the company’s CEO, founded Ambrosus in 2017 along with Stefan Meyer.
  2. Versetti has worked with the United Nations and founded Versetti Ventures, a successful company in cryptocurrency investment.
  3. Stefan has 20 years of experience in the research and development sector in the food industry.
  4. Amrosus is a Swiss startup and is a member of the Crypto Valley Association. The first AMB token sale took place in October 2017.

 

#2 - What are the benefits of Ambrosus?

Ambrosus Technology

  1. At the core of Ambrosus’s technological setup is the Ambrosus Protocol. It is comprised of three parts:
    1. Measurements Repository: Employing the Measurements Smart Contracts, the Repository is responsible for managing the product-specific measurements recorded in various datasets. It stores details related to different items collected throughout the supply chain process.
    2. Requirements Smart Contract: This component functions as a quality checklist for the items distributed through the platform. It examines the products’ adherence to the predefined quality standards in order to ensure healthy consumption.
    3. Amber Token: The first data-bonded token, Amber serves as the means of operation of the Ambrosus platform. Each batch of products is bonded with a particular amount of Amber tokens. As the products move along the supply chain, the token is merged and distributed among various participants.
  2. The protocol, along with the software used by the Ambrosus platform, operates on the Ethereum blockchain network. The blockchain records information from IoT devices on a decentralized network. A flexible API works on this network, compliant with any kind of commodity and all participants.
  3. Ambrosus uses sensors and biosensors to present real-time monitoring of every product’s characteristics. It uses electronic ID-tagging mechanism to examine the physical attributes of the items.
  4. Ambrosus has a three-layer data storage architecture.
    1. The first layer comprises of a library for the storage of small data on the blockchain and the distributed file systems. It employs mechanisms like signed data and Merkle trees.
    2. The second layer employs the Measurements Repository and Requirements Smart Contracts to work with the supply chains.
    3. The third layer includes a protocol named Amrosus.js specifically for food and pharmaceutical supply food chains.

Features

  1. Self-hosted or Cloud: Users can access Ambrosus even without operating a full masternode. You can access AMB-NET through any masternode, one of which is Ambrosus’s own masternode operated through REST APIs.
  2. Secure by Design: The platform works with blockchain proprietary expertise to offer maximum level of security. Every transaction of the platform is immutable and completely safe.
  3. Open-Source: AMB-NET is an open-sourced platform. Users from anywhere in the world can customize the nodes and work on the project through their own IT infrastructure.
  4. Developer-Centric: Ambrosus’s primary goal is to provide the developers with the tools and facilities that create better opportunities for the supply chain systems.

Corporate Usage

  1. One of the principal uses of Ambrosus is in the food industry. The industry is currently facing many issues regarding the contamination and mishandling of products during the supply chain process. Ambrosus, with its decentralized blockchain network, seeks to make these processes transparent and the data involved immutable. It will contribute positively to the food auditing process.
  2. Similarly, the platform seeks to aid the healthcare sector. Ambrosus will help the industry create a consumer-centric framework in order to reduce the wastage of the hospitals’ capacity and make consumers self-reliant.

 

#3 - How to buy and store AMB?

How to buy AMB

Ambrosus’s token AMB is a utility token built for the participants of its ecosystem to operate on the platform. It is available for purchase on exchanges like HitBTC, KuCoin, IDEX, Binance, and CoinCodex.

  1. CoinSwitch, as the largest cryptocurrency conversion platform, allows users to trade their cryptocurrency for Ambrosus utility tokens across exchanges, from one place. You have the option to go through over 45,000 pairs of crypto exchange to choose your preferred one.
  2. What’s more - with CoinSwitch, you do not rely on a separate wallet from the exchange to store your AMB cryptocurrency. Instead, all transactions happen to and from your own personal private wallets.

Storage

  1. The AMB tokens can be stored in any ETH wallet like MyEtherWallet since they are ERC-20 compliant.
  2. Other storage options include hardware wallets like Ledger Nano S and Trezor.
  3. Exodus and Jaxx are also storage wallets for AMB.

 

#4 - What is the future of Ambrosus?

  1. The team is developing hardware sensors that will be plug-and-play compatible with the platform’s blockchain. They also plan to create IoT sensors for containers and printers that will help in replacing the technologically passive supply chain equipment with smart and intelligent components.
  2. The pipeline also includes personalized tag methods and food grade tracers and biosensors. These products will contribute in creating an updated and efficient conveying system instead of the old packaging methods. They will also include customizations.
  3. The system will consist of reusable connectors that will enable quick and easy communication for supply chain information. These ready-made connectors will replace services like SAP or Oracle.

Also Read: Complete Analysis of Ambrosus | Live Ambrosus (AMB) Price Charts And Predictions

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Aug 01, 2018

0.242612

0.243544

0.214931

0.221776

356,419

35,079,467

June 01, 2018

0.406046

0.421844

0.389708

0.418586

1,161,860

58,710,612

Mar 01, 2018

0.513033

0.551997

0.512609

0.542608

2,371,950

74,179,896

Jan 01, 2018

0.635241

0.764120

0.551753

0.743289

3,976,890

91,850,120

Nov 01, 2017

0.207707

0.220520

0.186077

0.192203

93,347

30,032,520

 

#5 - How is Ambrosus different from other cryptocurrencies?

  1. The primary characteristic that distinguishes Ambrosus from other cryptos is its mission to tokenize the process of product supply. It employs smart contracts to track, share, and trade products through a supply chain.
  2. The platform uses a hybrid solution to enable the users to choose which data should be public and which private. This feature differentiates from its competitors.
  3. Unlike most cryptocurrencies, Ambrosus works with an arrangement of sensors and/or biosensors that enable the evaluation of a product’s physical characteristics and its environment for every individual unit. This product, later, is given its own individual ID, in order for it to be so it can be identified across the supply chain by suppliers as well as the consumers.

 

#6 - What is the future of Ambrosus?

  1. The primary focus of Ambrosus is on improving supply chains for life-essential products, particularly items like food or medicines. Through distributed ledgers, data processors and sensor systems, the platform aims to facilitate the supply chain flows whilst enabling transparency at each point.
  2. Furthermore, not only does Ambrosus enable the communication of additional or new data amongst the supply chain counterparties, but also helps in transmitting the creation of new applications and markets that make use of the platform’s real-time information. Given these benefits, it is only a matter of time before Ambrosus makes it big.
  3. Its primary aim of improving the supply systems indicates a good future prospect. A well-stipulated whitepaper backed by a team of expert professionals indicate a good potential for this project.
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