ICO Review: Ambrosus (AMB) – Blockchain-Based Supply Chain Ecosystem

ICO Review: Ambrosus (AMB) – Blockchain-Based Supply Chain Ecosystem

The Ambrosus network is a blockchain-based ecosystem for supply chains.

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Note: This is not a paid review. We do not offer promotional or advertising services. Our content is based on our own research, analysis and personal opinion.
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What does the company/project do?

The Ambrosus network is a blockchain-based ecosystem for supply chains, ensuring the origin, quality, compliance and proper handling of items tracked by the network.

Ambrosus’ primary focus is on improving supply chains for life-essential products, specifically food and medicine, although the protocol can be applied to other supply chains.

Ambrosus’ use cases:
– Food origins and tracing
– Logistic sustainable improvement
– Food delivery without the middleman
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What are the tokens used for and how can token holders make money?

Amber is the native token of Ambrosus, used to help trace products through their value chain, linking the information gathered to the records about the batch.

The tokens are used to keep information on the Ambrosus network up to date as products move across the supply chain. Amber tokens are sent to the network alongside readings and remain locked in the Measurements Smart Contract until a batch has completed its movement through the supply chain.

Amber is also the fuel for the Ambrosus ecosystem, used to access the network services, interact with the sensor systems and to enter commercial agreements assured by smart contracts.

As Amber is used to perform different actions within the Ambrosus ecosystem, the more usage the Ambrosus platform has, the more valuable the Amber tokens should be.
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Opportunities

– The project has an above-average team and all-star advisors, which would legitimize the project even when the company is publicly launched only three months ago.
– Presale has raised around CHF 30 million already.
– New regulations or more stringent requirements around the distribution of specialty goods, such as medicinal products could increase demand for supply chain QA. For example, a recent change under the EU regulation, Good Distribution Practice of Medicinal Products for Human Use, requires companies to report any deviations to the distributor and the recipient of the affected medicinal products
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Concerns

– Food sensor and tracking is very common and lots of companies are doing it already. Ambrosus faces stiff competition in the traditional space, such as GlobeRanger, Oceansoft, and Blue Maestro, as well as in the blockchain space from Modum.
– The project is launched only three months ago based on the LinkedIn profiles of the CEO and CTO. We feel like this project receives the attention it has solely because of Gavin Wood and other advisors. We don’t even see a picture of the hardware – the component that is essential to the Ambrosus platform.
– We believe Ambrosus is an average business idea, one that is difficult for the company to gain a substantial competitive advantage over other competitors and gobble up market share.
– Seems like the only advantage Ambrosus has over existing competitors is that data on the Ambrosus platform is incorruptible and tamperproof. However, is it really needed?
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Disclaimer

The information in this video is for educational purposes only and is not investment advice. Please do your own research before making any investment decisions. Cryptocurrency investments are volatile and high risk in nature. Don’t invest more than what you can afford to lose. Crush Crypto makes no representations, warranties, or assurances as to the accuracy, currency or completeness of the content contained in this video or any sites linked to or from this video.