Review on Ambrosus by Robiul Islam
A blockchain-powered IoT network for food and pharmaceutical enterprises.
You need to know about Ambrosus (AMB).
It targeted food and pharma supply chains. They plan to mix high tech sensors, smart contracts and blockchain protocols to create a safe supply chain where suppliers and customers can track products to confirm authenticity, origin, proper management and compliance in all areas.
Use Cases Of Ambrosus.
It is already in use and is proving effective. It is used by vanilla exporters throughout the region to track and share information with various clients throughout the logistics area. It has partnered with a Korean company to track and ensure the quality of beef sales at the supermarket.
AMB Token.
Can be used as a payment for a token transaction, requiring a small amount of AMB as a fixed fee each time an asset or event is created. Also tokens can be locked to create a physically good digital record. The tokens are listed in only few exchanges, largest trading volume taking place on Binance.
This is still the very beginning of the evolution of blockchain technology, so nothing can be denied yet. Buying at such a low price with AMB tokens can now be a worthwhile time to pick up, even available in sufficient quantities to run MasterNode. These can be very valuable if Ambrose technology is on hold.
Pros
- It is one of the companies in Europe selected by the European Institute of Innovation and Technology as the Rising Food Star.
- It has the opportunity to capitalize and provide a solution that will help real people. Food, medicine, etc. Can be monitored 24/7 to ensure a safe supply chain through the Internet. Consumers are well aware that those who buy their products can be well informed that their products were always under surveillance.
- They raised around $100 million during their ICO in 2017, and there are some people who call this amount "invaluable", which makes a lot of sense when you consider the potential scale of the operation.
- It has several ambitious plans related to the hardware they are planning to develop, distribute and implement.
- Big upside potential when you consider the wide range of use-cases.
Cons
- It is simply true that the place they are working in is quite crowded in terms of competitors.
- Depending on how well the project improves in the near future, their ambition may become a concern.
