Ambrosus is a startup striving to introduce blockchain technology to the food supply industry.
What is Ambrosus (AMB)?
Ambrosus is looking to solve the problems of food and medicine quality that is plaguing the industry owing to the faulted supply chain mechanism. The network uses a combination of high-tech sensors, the blockchain, and smart contracts to create an ecosystem that records the entire product journey on the blockchain. This ensures a sufficiently decentralized platform to manage and secure food and pharmaceutical safety.
Ambrosus (AMB): History
Ambrosus is co-founded and supported by Gavin Wood, who is also a co-founder of Ethereum. Ambrosus has announced their ICO for September 2017. The amber token has been co-developed by Ambrosus’ technology partner Parity.
How Does Ambrosus (AMB) Work?
Ambrosus sights to ensure the quality and safety of food by tracking the supply chain with a blockchain protocol. Ambrosus practices a specific sensor system to track the food, which is a mixture of robust sensors, biosensors, and food tracers. These sensors can locate and monitor data in real time, including physical properties and its surroundings. They also have smart tagging mechanisms, built-in anti-tampering, and unique IDs. Ambrosus utilizes a protocol based on Ethereum, which encodes commercial agreements as smart contracts. These contracts will self-execute, and any disputes are resolved automatically.
How To Buy Ambrosus (AMB)?
Buying Ambrosus is a two-step process. First, head over to Coinbase and purchase Bitcoin or Etherium which accepts debit or credit card. If Coinbase is not accessible in your jurisdiction, view our list of markets that sell BTC or ETH for Government issued money. Next, transfer your newly purchased BTC or ETH from your Coinbase wallet to one of the exchanges like Binance/ HitBTC/ EtherDelta. The best place to save your coins is in MyEther Wallet.
Ambrosus (AMB) Price Prediction 2018
AMB can be a profitable investment option. Ambrosus price equal to 0.248 USD at 2018-03-31. If you buy Ambrosus for 100 dollars today, you will get a total of 403.360 AMB. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-03-24 is 4.057 US Dollars. With a 5-year investment, the revenue is expected to be around +1536.43%. Your current $100 investment may be up to $1636.43 in 2022. AMB price today is $0.248 and the market cap value is $34,670,747. The current supply is 144,590,975 AMB, and the volume has been marked as $348,694.