Supply chain start-up in the spotlight: Ambrosus

The globalization of supply chain networks has made the traceability of products and their storage conditions more difficult while increasing the chance for fraud and tampering. At the same time, consumers are becoming more demanding yet also more sceptical about what they see on labels. Ambrosus addresses both of these trends by providing a system for the automated, transparent and secure collection of data as products move through the supply chain.

The blockchain-powered Internet of Things (IoT) network enables secure and frictionless dialogue between sensors, distributed ledgers and databases to optimize supply chain visibility and quality assurance. The company’s immutable, tamper-proof data storage system can be trusted by all parties in the supply chain, even those who are not familiar with one another or are using different ERP systems.

Additionally, the system is accompanied by a number of IoT gateways which provide sensor connectivity (such as humidity, acceleration, light, temperature, location, etc.) to the network. This automatic collection of data through IoT devices increases efficiency while reducing the potential for error. Manufacturers can also reduce recalls by sharing logs with OEMs and regulators. The solution is designed for companies of all sizes, but especially those involved in long and complex supply chains, in sectors including food processing, pharma, raw commodities, insurance and container shipping.

Rising Food Star

Since being founded by Angel Versetti and Stefan Meyer in Switzerland in 2017, Ambrosus has received some notable recognition including Rising Food Star (EIT Food, EU government), Enterprise of the Year 2018 (Chamber of Commerce of Monaco) and Top 50 Blockchain Projects in Switzerland (Crypto Valley). Ambrosus has ambitions of becoming the number-one choice for blockchain-based traceability in Europe in its chosen sectors. In this context, the next steps are to grow its 60-strong team by opening offices in more European countries, win more large-scale customers and expand the portfolio of IoT products and solutions.