Blockchain is the New Internet. 2017 has been explosive for the blockchain sector, with the technology permeating every possible industry, with every country and every corporation talking about it.
Switzerland, the most innovative country in the world for 6 years running, emerged as the champion of the technology. Ambrosus took the blockchain technology to the next level by marrying it with the Internet of Things domain. Ambrosus emerged from the two leading Swiss technology clusters, the Crypto Valley in Zug and EPFL Innovation Park in Lausanne, Ambrosus secured both the financial backing and operational support from the public-sector entities in Switzerland; it boasted an official partnership with the United Nations 10YFP, responsible for implementation of Sustainable Development Goals, and an endorsement from EIT Food. The team includes the ex-Director of the biggest public sector R&D cluster on food and nutrition in Switzerland, a former Project Lead at the UN, a ex-Vice President at JP Morgan and several world-prominent professors and researchers from Harvard, MIT, EPFL and ETH Zurich, working together with Parity Technologies, a pioneer in the blockchain development, led by the Founder of Ethereum, Dr Gavin Wood. Advisory Board includes such prominent people as ex-CIO of UBS and President of the Crypto Valley, Oliver Bussmann, Chairman of LDJ Capital David Drake, Managing Partner at Kenetic Capital Jehan Chu, and many other leading forces in the finance and technology sector.
Why Connecting Tiny Sensors to Blockchain is a Huge Deal
Ambrosus combines high-tech sensors, blockchain and distributed open-source software to build a universally verifiable, community-driven ecosystem to assure the quality, safety & origins of products. Located in Switzerland, the most innovative country in the world for 6 years running, Ambrosus innovates within the innovation space of blockchain. It introduced Amber, the world’s first data-bonded token, to which sensor-generated readings are assigned through an immutable ledger. It created an architecture that permits compliance, quality control and audits to be automated by smart contracts, creating value for both the private sector and the governments. If integrated in the supply chains, Ambrosus can monitor the flows of goods, payments and storage conditions, bringing transparency and accountability to the global commerce. It can also ensure that imports and exports do correspond to norms and regulations by serving as an independent verification mechanism.
The key to making this vision work is to turn sensors into oracles, the trusted source of information for the blockchain. Coupling the integrity of sensor-generated data with the blockchain consensus mechanism results in the ability to create the truthful digital reflection of the real world on the blockchain. The implications are significant for the economy, because to build distributed economy, blockchain alone will not be enough. Linking it to billions of IoT devices and sensors producing quadrillions of readings will be key for any smart city or any economy that wants to run on the blockchain. Ambrosus already works on integration of various third-party sensors into its blockchain through APIs and gateways and is applying all its collective brainpower to the ultimate quest for the scalability of its network and seamless integration into IoT protocols.
Ambrosus is a general-purpose solution, providing a trusted backbone to link products to data. On top of this backbone various layers and protocols can be built, enabling functionalities derived from Ambrosus blockchain, such as data analytics, data visualisation, decentralised storage, payment settlements mechanisms, real-time audits and process management and traceability.
Early Success of Ambrosus Ecosystem
Ambrosus has become the most popular blockchain in the supply chain domain, with participants in its Token Generating Event hailing from over 100 countries and contributing over 35 million CHF. Worldwide community of developers, engineers, enthusiasts and supporters of Ambrosus exceeds 50 thousand people, creating a lively and dynamic ecosystem. Ambrosus has been invited to over 30 top-tier events this year, including being selected by Pioneers Festival, Start Summit, Hello Tomorrow and many others; it has been featured in over 100 media articles including Nasdaq, Vice Media, Finance Magnates and Food Navigator. Ambrosus has over 25 existing partnerships and over 100 in negotiation, with the goal to create a multi-stakeholder consortium for its public blockchain for supply chains and global commerce.
Contact: Angel Versetti, CEO & Cofounder
6300, Zug, Switzerland
EPFL Innovaiton Park
1015, Lausanne, Switzerland