What is Ambrosus?
Ambrosus comes in handy when tracking pharmaceutical, chemicals and food data. The platform enables seamless and secure communications between IoT sensors, DLT and databases ensuring there is heighten visibility and quality in the logistic processes.Their mission is to decentralize supply chains and provide assurance in the enterprises of the IoT ecosystem.
The platform adopted a couple of features to make it superior. Being a logistics platform, they have incorporated anti-counterfeiting measures allowing for immutable digital identities, they incorporatessupply chain optimization which is secure and reliable and have logistic tracking specifically tailored for shipments. On top of that, the fact that it rides on blockchain means there is transparency and accuracy. For quality assurance, the network uses theProof-of-Quality (PoQ) as the consensus algorithm.
The Ambrosus network runs off the Ethereum blockchain therefore Amber(AMB) token is based on ERC20 standard. AMB is a database token and it will link information back to smart contracts and blockchain. The token is the first bonded token of its kind in the crypto world and those interested can buy at different supporting exchanges.