Ambrosus, the blockchain startup for the supply chain ecosystem, today announced that Oliver Bussmann, President of Crypto Valley Association, has joined it as a Strategic Advisor. Ambrosus separately announced that over $35 million had been raised in its token pre-sale.

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“Given the enormous scope and far-reaching potential of our project, it’s vital for us to not only call on those with the technical knowledge, but also in-depth strategic expertise. Ambrosus is honored to welcome Oliver Bussmann as a Strategic Advisor. Recognized globally as a technology thought leader and a driver of change, Oliver’s unparalleled experience will be immensely helpful as we strive to transform traditional supply chains and commodity markets with multiple emerging technologies,” said Angel Versetti, Ambrosus co-founder and CEO.

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Ambrosus combines high-tech sensors, blockchain technology and smart contracts to assure the quality, safety, and origin of essential products such as medicine and food. Headquartered in Zug, Switzerland, Ambrosus is officially endorsed by EIT Food and SQS (Swiss Quality and Safety Association) and has received financial backing from the Government of the Canton of Vaud, Switzerland.

“The Ambrosus project is a prime example of the inspiring innovation and cutting edge technological development currently being conducted in Switzerland. With a dynamic ecosystem of complementing technologies developed within and around the Ethereum ecosystem, Ambrosus has devised a bold rethinking of how global supply chains and markets could operate. By joining the Ambrosus Advisor Board, I am delighted to play my part in driving transparency in the food and pharmaceutical sectors, that will enhance consumer and economic well-being on a global scale,” said Oliver Bussmann.

From 2013 to 2016, Bussmann was Group Chief Information Officer of UBS. Prior to joining UBS, Bussmann served as Global Chief Information Officer at SAP. Previously, Bussmann served as CIO at Allianz North America & Mexico and in other executive capacities at Deutsche Bank and IBM.