Ambrosus Food & Medicine Blockchain IoT Network Launches AMB-NET
The Internet of Things (IoT) is perhaps the most innovative new technological concepts to hit the blockchain. The technology could be applied to several important private and public industries, including food, medicine, and transportation. At its core, IoT concepts use a variety of different hardware products, linking them together using blockchain technology in order to create a comprehensive service for users of a particular industry.
Ambrosus is yet another blockchain startup seeking to use IoT theory to change the face of a particular industry. The company specializes in the supply chain management industry, a function of the financial sector which deals with the process by which products go from manufacturing to individual distribution to consumers. Specifically, the company emphasizes the creation of hardware used to track the items as they are transferred to different entities throughout the process.