Yesterday, Ambrosus Cofounder Angel Versetti presented the Ambrosus Ecosystem and participated on a panel in front of blockchain developers, European Parliament and European Commission members, and active members in the European blockchain community. The panel was an opportune moment for a number of topics to be discussed, to network between professionals and to engage with Ambrosus community members as well as prospective entrepreneurs.

Here is a short breakdown of why this event was important:

Defining Ambrosus as the Leader in Blockchain-Based IoT Solutions: A core topic of discussion at the forum pertained to supply chain security, and the implementation of end-to-end solutions for data in need of verification. Ambrosus differentiated itself by being the only enterprise solution that provides encrypted IoT devices to securely bridge real world events with the blockchain. The value of such a solution for large enterprises in need of guaranteed data security was central to the discussion.

Main Takeaway: Ambrosus is the leading ‘Crypto for IoT’: not only does this expand the scope of Ambrosus solutions, but it differentiates Ambrosus from other existing blockchain ecosystems. Blockchain enabled and secured devices, are only in their infancy, and Ambrosus is leading the development of complex and secure solutions.

Discussing the Current State of the Blockchain Space: The forum as a whole was built around the objective of better discussing the state of blockchain in the supply chain, and the various solutions available. It delved into the level of development in the blockchain space, the types of solutions being built, and the most common problems enterprises run into when implementing blockchain on a mass scale.

Main Takeaway: According to a ConsenSys representative present on the panel, blockchain was evaluated as currently being at Level 4 of 10 in its global development and implementation. Based upon this analysis, it becomes clear that right now a lot of construction is being done in the blockchain industry. In order to be successful however, commercially viable and easily implemented solutions are key. The architecture of Ambrosus’ very own Hermes Masternode is especially relevant in this area.

Pioneering Ambrosus as a State-of-the-Art Public Blockchain Ecosystem: The panel was made up of a number of permissioned and permissionless blockchain providers. Ambrosus was the only public, permissioned blockchain present. Issues related to consumer transparency, the importance of an open-sourced architecture, and a strong community of developers were discussed. Ambrosus Cofounder Angel Versetti emphasized the importance of crypto-economic game theory structures in relation to blockchain architectures; such a structure is essential to allow for open governance to ensure that participants can use the blockchain in an uncensored manner.

Main Takeaway: Governance is a crucial question in the blockchain industry. While private blockchains are becoming more popular, they are not consumer friendly nor are they transparent to any third party outside of the network. Ambrosus is proud to remain a public blockchain, where full transparency, decentralization, and participation is open to any interested third party.

Overall, the EU Blockchain Forum was a valuable meeting space for industry experts to discuss the different benefits of the fast growing blockchain industry. Ambrosus Cofounder Angel Versetti represented not only Ambrosus, but also the future of public blockchains for enterprises, as well as the value proposition of IoT devices in relation to blockchain architectures. A full video of the event will be made public in the near future.

We look forward to hearing feedback and commentary from our community on their thoughts and inputs surrounding the event!