Ambrosus AMB Price

Ambrosus is a Swiss based company, building a blockchain and Internet of Things (IoT) platform originally created on the Ethereum blockchain. Specifically designed for enterprise IT systems, Ambrosus is first and foremost a next-generation supply chain solution. While largely applicable to virtually any supply chain, Ambrosus has specifically focused on the food, pharmaceutical, commodity, and electronics’ industries. Through the use of smart devices and IoT, Ambrosus allows for any person, company, or government to connect secure hardware devices to a decentralised public blockchain to track, trace, monitor or store various kinds of data. As an open-source project, with significant amounts of code available on github, the Ambrosus ecosystem allows for developers and entrepreneurs alike to leverage the Ambrosus blockchain to build new forms of dApps, applications, and business models for global supply chains and IoT devices. Amber (AMB) is a utility token that must be used in order to access the Ambrosus ecosystem. More specifically, the Amber token (AMB) is used by three primary stakeholders: 1) clients wishing to use the network to trace, monitor, and configure their supply chain data, 2) operators wishing to run a Masternode on the network as a means of securing the network and ensuring its proper functioning, and 3) dApp and app developers wishing to connect some form of a financially incentivized application or tool to the Ambrosus blockchain, that can then be used by individual consumers or companies alike.