Zug, Switzerland — July 31, 2018 — Ambrosus, the world’s leading blockchain and IoT platform for quality assurance in food and pharmaceutical supply chains, has announced the launch of its mainnet, AMB-NET 1.0. The mainnet lets companies record public and private supply chain data on the Ambrosus blockchain to ensure product quality. The platform has created a universally verifiable, community-driven ecosystem to guarantee the safety and origins of essential products —such as medicine, food, and commodities — in real time. Organisations will now be able to record their supply chain data through the Ambrosus Network, using the AMB native token, by putting their public data and certain aspects of their private data on the Ambrosus blockchain.
Ambrosus CEO and Co-founder Angel Versetti said: “The supply chain industry to date has been subject to the limitations of human error and antiquated record-keeping systems. The Ambrosus mainnet represents a significant step forward toward the creation of a truly transparent and traceable global supply chain. Through the implementation of the Ambrosus mainnet, we can guarantee that the quality of every product created by our partner companies — including essentials like food and pharmaceuticals — meets with the high standards required by their valued customers.”
The Ambrosus mainnet introduces masternodes to the blockchain platform, which guarantee high-quality service and uptime for companies that use the Ambrosus network. Under the new masternode system, the updated Ambrosus Application Programming Interface (API) allows networked device sensors or applications to send information to Ambrosus. Each masternode ensures the verification and security of these companies’ data. In addition, the cost of storing such data is clearly defined with respect to the financial value that the system provides to each company.
AMB-NET 1.0 features updates that facilitate more seamless and efficient interactions with business’ existing IT systems. Core functions of AMB-Net 1.0 include the designation of asset identity, as well as the ability to track the storage, transportation, delivery and temperature conditions of assets throughout the supply chain life-cycle. In addition to the launch of AMB-NET, the Ambrosus ecosystem has made significant advancements in a multitude of areas, such as the sensor laboratory work to build progressive hardware sensors and 3D printing.
Ambrosus CPO Dr. Vlad Trifa said: “Ambrosus has set the standard for innovation emerging within the supply chain industry, developing a particularly disruptive and forward-thinking solution to its current issues. The AMB-NET brings increased transparency and assurance to consumers about the quality of everyday products they consume, such as food and medicine.”
Using Ambrosus software development kits (SDKs), anyone with a smart device can now build a decentralized application (dApp) on the Ambrosus Network via an app or supply chain interface. Through these personalized dApps, virtually anyone can trace assets and events through the network. With the integration of the Ambrosus Mainnet into the food and pharmaceutical industries, in time, any consumer will be able to scan a product in their local store and determine its quality and source, a groundbreaking innovation for the global multi-trillion dollar supply chain industry.