Ambrosus: Harnessing Blockchain and IoT for the Digital Era

Ambrosus (AMB) is a blockchain and internet of things (IoT) network that specializes in bringing end-to-end data management to physical processes in the world: from supply chains, smart cities, and smart farms, to clean energy and logistics. By combining an original catalogue of IoT devices with an industrial grade blockchain (AMB-NET), Ambrosus provides a cost-effective and secure means for enterprises to share information, manage their inventories, and demonstrate the origin, quality, and journeys of their products to the end-consumer.

While largely concentrated on food and pharmaceutical supply chains as well as smart city management, the flexible infrastructure of AMB-NET, built specifically for IoT device connectivity, categorizes all data uploaded onto the network as either an ‘Asset’ or ‘Event’. Based upon this digital model, a wide array of solutions remain to be built within the ecosystem for industries across the global economy.

To contextualize the vision for the Ambrosus Ecosystem, Ambrosus Co-Founder and CEO Angel Versetti has said the following about the future digital economy and the need for holistic data management:

“The forthcoming digitization of the global economy in the coming years indicates the need for secure and distributed solutions centered on properly managing data. Perhaps no other pair of technologies is better suited for this challenge than blockchain and the internet of things. As consumers become more concerned about the quality and origin of their products, and enterprises seek out new ways of sharing data and coordinating their production lines, entirely new business models stand to be created with the potential to transform entire industries. At Ambrosus, we believe this future is best achieved when it is decentralised, open-sourced, and easily accessible for enterprises and entrepreneurs intent on embracing the digital era.”

Author:  Oracle Times Editor
Image Credit

Green light from the EU Commission for IOTA and the European smart city consortium +CityxChange

On 6 July 2018, the +CityxChange proposal was formally invited by the European Commission to become a new smart city lighthouse project, under the “Smart Cities and Communities” call of the EU research and innovation programme Horizon 2020. The proposal was given excellent comments and scores by the experts, and rated among the very best among the eleven competing proposals.

For the next five years, the cities of Trondheim, Limerick, Alba Iulia, Pisek, Sestao, Smolyan and Voru will experiment on how to become smart positive energy cities, that use digital services to improve quality of life for and together with all of their citizens, generate more energy than they consume, and exchange experiences with cities across Europe to learn faster, together.

Under the leadership of the Norwegian University of Science and Technology (NTNU), these seven cities will develop and test new solutions together with an impressive list of 11 large entreprises, 9 SMEs, 3 non-for-profit organisations and 2 universities, covering the entire value chain: IES R&D, Powel AS, University of Limerick, Energy Agency of Plovdiv, Future Analytics Consulting, Research2Market Solutions, ISOCARP, TrønderEnergi Kraft AS, ABB Norway, ATB, AVIS Budget Group, Statkraft Varme AS, ESB Innovation RoI Ltd, ESB Networks, Ove Arup & Partners SAU, FourC AS, R.Kjeldsberg, Smart MPower, Space Engagers, Colaborativa, Officinae Verdi, IOTA Foundation, NHP Eiendom, and GKinetic Energy Ltd.
The independent experts evaluating the proposal commend +CityxChange for demonstrating and substantiating actions that will contribute to the wide scale roll out of Positive Energy Districts across Europe, with a convincing approach to make local governments an active and integral part of the energy solution, engaging citizens in the city transformation, and involving the entire district energy value chain, extending to high level policy makers and cities, universities, large enterprises, distributed network operators, SMEs, and not for profit organisations.

“Smart cities is one of the fastest growing cross-sectorial arenas of innovation for IOTA. Building on our work and partnerships across mobility, energy or data marketplace, these smart city ecosystems bring it all together. The +CityxChange consortium gathers many public and private partners around an ambitious open innovation and co-creation initiative. This is 100% aligned to IOTA Foundation’s DNA and we can’t wait to get started.” Wilfried Pimenta, Head of Business Development at the IOTA Foundation.

“The IOTA Foundation is excited about the approval of the first official Horizon 2020 project in which we are actively participating. Being able to explore and demonstrate the utility of IOTA within the smart city context in numerous cities across Europe will be incredibly valuable going forward. The fact that NTNU, Norway’s largest university, is heading this effort is tremendous. We have had a good relationship with NTNU and the municipality of Trondheim for quite some time now, and the Foundation expects this collaboration to strengthen our bond and output. As a Norwegian I am personally ecstatic about this project.” David Sønstebø, Co-founder and Co-chairman of the IOTA Foundation.

The consortium project will receive 20 million Euros in funding by the European Research and Innovation programme Horizon 2020. In addition, some of the project partners add 10 million Euros of in-kind efforts to ensure the local implementation of the demonstration projects in Trondheim and Limerick. Expected project start is 1 January 2019.

Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Author: Wilfried Pimenta
Image Credit