Ambrosus, the world’s first trusted blockchain-based ecosystem for the food supply chain, launched today, announcing its upcoming token sale commencing in September 2017.
Combining high-tech sensors, blockchain technology and smart contracts, Ambrosus was founded to overcome the current deficiencies and challenges of current global food supply chains and markets. Featuring Parity Technologies (Ethcore) co-founders Dr Gavin Wood and Dr Jutta Steiner as Technical advisors, Ambrosus aims to become the world’s first publicly verifiable and community-driven system to assure the quality, safety, and origins of food.
Ambrosus CEO and Co-founder Angel Versetti said: “At present the global system of food production and distribution does not adequately serve the needs of our society. With little trust amongst consumers, poor living standards for farmers, malpractice within supply chain networks or by large manufacturers, and regular major food scandals, the entire food supply chain ecosystem is nothing close to the thriving and valuable sector that we envision for all stakeholders.”
“With a dynamic ecosystem of complementing technologies developed within and around the Ethereum ecosystem, we have devised a bold rethinking of how the global food supply chains and markets could operate. A system of interconnected quality assurance sensors can reliably record the entire history of food from farm to fork; blockchain can protect the integrity and verifiability of sensor data; while smart contracts can enable automatic governance of food supply chains and manage commercial relationships between the different actors within them,” Versetti added.