When it comes to a globally recognized trusted food ecosystem you should look at Ambrosus. This system is a blend of blockchain technology, high-end sensors and smart contracts which help to produce immutable records in food industry. Its main aim is to guarantee the safety and quality of products. Both medicines and foods are life-essential goods but due to the way supply chains are operated today, most people are unaware of the origins of the medicines and food we eat. So, Ambrosus strives to make global supply chains better through a reliable ecosystem which allows us to record history of products and then conduct transactions accordingly.
Ambrosus was founded in 2016 and based out of Switzerland; it gets support from the UN. It tries to establish a reliable ecosystem instead of having to depend on manufacturers to know about food origins. The Ambrosus blockchain shows exactly where food came from.
Ambrosus will make use of Parity Technologies or Ethcore for building a verifiable system which can guarantee safety and quality of foods. This is set up within the Ethereum network. There are interconnected sensors which can record entire history of food products from the farms right up to your table. Smart contracts will make way for automatic control of the food supply chain and also allow management of commercial relationships among the various supply chain elements. Sensors will generate important data about the shipments and products which can be then monetized.
The custom combination of bio-sensors, robust sensors and food tracers will be able to calculate and monitor the product’s attributes in real time. There are options like smart tagging, unique ID and anti-tampering systems. The commercial agreements are smart contracts and these contracts will self-run depending on data given by the sensors; any dispute gets resolved automatically. When sensor data has been digitalized and certificates issued, one has to protect data integrity. So, all the readings are immutably recorded inside a fully-auditable decentralized system which will safeguard the data from hacking, fraud or manipulations. There are also developer tools which will help members create distributed apps, protocol upgrades to come up with valuable solutions for the farmers, consumers, distributors, pharmacies and business owners.
The AMB are native tokens of Ambrosus which can be used for tracing products through their value chain. Amber tokens will let you interact with these sensor systems and sign commercial agreements backed by smart contracts.
Ambrosus will not only try to introduce blockchain technology for food supply chains but it will also try to alter the manner in which handling of food is done. The idea is to offer fair wages to the supplier, higher transparency to buyers and a more efficient management of supply chains for everyone in this food industry. Ambrosus enjoys backing of many important organizations like the UN.
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