Ambrosus joins united nations sponsored ‘One Planet Network’ and establishes partnerships with Blendhub and Flatev to drive sustainability and transparency in the food supply chain

Dublin, Ireland — October 22, 2018 Ambrosus, the world’s leading blockchain and IoT platform for quality assurance in food and pharmaceutical supply chains, has been accepted and formally recognized as a partner to the United Nations’ One Planet Network. Its membership as one of the first blockchain companies in the Consumer Information Program of the One Planet Network will help drive sustainability in the consumption and production of food through the use of digital ledger technology.

In line with the aims set out by the World Summit on Sustainable Development, the Consumer Information Programme (CI-SCP) provides Ambrosus with a collaborative and strategic environment to interact with various stakeholders in order to better promote sustainable practices to the end-consumer. Made up of more than 40 of the world’s most influential agencies — including the European Commission Directorate General for the Environment, the German Federal Ministry for the Environment, and the UN-backed International Trade Centre — the Consumer Information Programme is the world’s most important forum for promoting sustainable, quality, and eco-friendly products to the end consumer.

Angel Versetti, Co-Founder and CEO of Ambrosus, said: “Joining the Consumer Information Programme of the One Planet Network is a significant achievement for the growth and expansion of AMB-NET. By working alongside government representatives, non-governmental organizations, and some of the most innovative enterprises around the world, Ambrosus can integrate into a prominent network of concerned stakeholders intent on providing consumers with much-needed information about the quality and journey of their products. As a pioneer of blockchain and internet of things technology, Ambrosus will provide unique technological solutions for some of the most sophisticated problems surrounding food sustainability and eco-friendly packaging.”

In a further step towards transparency in the food supply chain, Ambrosus has also partnered with Blendhub, the world’s first decentralized food production network concentrated on powdered foods, and Flatev, a consumer-oriented snacking and baked goods company. Blendhub will leverage Ambrosus’ sensor technology and blockchain network to track ingredients, raw materials, and end products from primary source to destination, guaranteeing proof of quality throughout the supply chain.  Ambrosus’ partnership with Flatev, meanwhile, will see the companies work together to redefine the quality and transparency standards behind home-baked goods.

Both Ambrosus and Flatev were recently selected by the European Institute of Technology as rising Food Stars and  their combined solution enables Flatev’s capsule information to be read by a radio-frequency identification (RFID) reader and immediately connect with a consumer interface (iPAD).

Angel Versetti, CEO of Ambrosus, said: “It is always exciting to have the opportunity to collaborate with a consumer-oriented companies like Blendhub and Flatev. Through our partnership with Flatev, consumers around the world will have access to information about the condition of their bread-making ingredients, allowing for an unprecedented level of transparency. In addition, our work with Blendhub will help to further guarantee the quality and traceability of powder-based foods. Together, these partnerships serve to increase the scope and applicability of the Ambrosus ecosystem, inaugurating a new standard of quality assurance that food supply chains from all around the world will stand to benefit from. “

For Blendhub, Flatev and Ambrosus, these partnerships will raise the standard for safely and sustainably sourcing ingredients and produce for the home. At the same time, integrating AMB-NET into a globally applicable powdered food technology guarantees industry diversity. With such solutions, details about specific ingredients used every day in homes around the world can be easily accessed by both consumers and retailers in order to provide more transparency in the kitchen and more natural produce overall.  Altogether, the three partnerships expand the scope of the Ambrosus ecosystem into international networks, specialized technological solutions for powdered food, and the end-consumers’ kitchens. With quality assurance as its core priority, Ambrosus continues to orient its cutting-edge blockchain and IoT platform to the benefit of the end-consumer.

Ambrosus Co-Founder and CEO Angel Versetti is available for interview

About Ambrosus:

Ambrosus is a decentralised IoT network for next generation supply-chains. Combining high-tech sensors, blockchain protocol and smart contracts, Ambrosus is building a universally verifiable, community-driven ecosystem to assure the quality, safety and origins of products.

Founded in 2017 by Angel Versetti and Dr Stefan Meyer, Ambrosus seeks to set the global standard for decentralized supply chain management and provide quality assurance in enterprise IoT ecosystems. Ambrosus’ primary focus is on improving supply chains for life-essential products, specifically food and medicine, although the protocol can be applied to almost any complex supply chain.

Ambrosus boasts partnerships with  significant global bodies and associations including the United Nations 10YFP,  the Crypto Valley Association, Swiss Food Research, Enterprise Ethereum Alliance and the Swiss Coffee Alliance.

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Sierra Leone to implement blockchain-based ID system

The United Nations (UN), along with nonprofit loan provider Kiva, is working with the government of Sierra Leone to develop a blockchain-based identification system for the country.

According to a press release from Kiva, Sierra Leone President Julius Maada Bio announced the project at the UN General Assembly, where he said, “Sierra Leone will now modernize its Credit Reference Bureau and radically transform its financial inclusion landscape.”

The national ID system is intended to provide data on citizens in an effort to make it easier to determine credit scores. According to Kiva, 80% of citizens in the country are unbanked, and only 2,000 people are covered by the country’s credit bureau. Two major barriers to access to financial services are the lack of formal identification for many, as well as unverifiable credit histories.

Xavier Michon, of the UN Capital Development Fund (UNCDF), said, “Through this implementation, Sierra Leone is setting out to build one of the most advanced, secure credit bureaus. It could serve as a model for both developing and developed nations in the future.”

Kiva CEO Neville Crawley said the project “can unlock capital for the populations who need it most, allowing lenders to massively increase services and the flow of funds to the world’s unbanked.”

Implementation is planned for 2019, with the first stage expected to take three years. Blockchain transactions will be used to monitor the lending and repayment process, where a borrower, through a Kiva wallet, provides information to financial institutions upon request. According to Kiva’s FAQ page on the matter, “the system is also very low cost to operate, eliminating the type of fees that might prevent people or institutions from using other credit reports.”

Kiva was founded in 2005 in San Francisco, and has provided loans in 81 countries to 3 million people, through 1.7 million lenders, with loans totaling $1.2 billion and with a 97% repayment rate.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

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Malta’s Prime Minister to UN Assembly: Crypto is the inevitable future

Malta wants to be the world’s crypto and blockchain hub – everyone already knows this. So far, it is well on its way, already attracting several major exchanges and blockchain-based enterprises to its landscape, and also by becoming one of the first countries to introduce crypto legislation. Joseph Muscat, the Mediterranean island nation’s prime minister, recognizes all too well the important role crypto is playing in the evolution of currency, and recently told the United Nations (UN) that crypto is unequivocally the currency of the future.

During a meeting of the UN General Assembly, Muscat asserted, “I passionately believe technology revolutionizes and improves systems. This is why in Malta, we have launched ourselves as the blockchain island. By being the first jurisdiction worldwide to regulate this new technology that previously existed in a legal vacuum. Blockchain makes cryptocurrencies inevitable future of money. More transparent it helps filter good business from bad business.”

Muscat also explained that the country’s government is passionate about blockchains and their ability to completely eliminate the need for third-party providers in financial transactions. He suspects that the blockchain will ultimately evolve to include solutions that can replace the entire infrastructure of a number of industries, including charities and healthcare.

Muscat told the UN, “Blockchain can provide solutions to health care systems where patients have real ownership of their medical records. Emissions trading systems can be taken to the next level. We can help verify that humanitarian assistance is reaching its intent destination. We can make sure that nobody is deprived of their legitimate property because of compromised data.”

Malta has been almost singularly driven to convert itself into the prime destination for any company in the crypto and blockchain ecosystems. The world’s largest crypto exchange, Binance, has its headquarters there, as do several others. Binance has approximately 10 million customers and around $200 million in quarterly profit.

Binance CEO Changpeng Zhao is investing heavily into the Malta market. He asserts, “After reviewing a proposal bill, we are convinced that Malta will be the next hotbed for innovative blockchain companies and a centre of the blockchain ecosystem in Europe. Binance is committed to lending our expertise to help shape a healthy regulatory framework as well as providing funds for other blockchain start-ups to grow the industry further in Malta.”

In addition to Binance, the OKEx is headquartered there, as are Neufund, Tron and Oroundo, among others.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

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