We have been working on a lot of projects in a stealth mode, which is a strategic choice for us, allowing to make proposals and moves without revealing those to other projects or competitors, existing or potential. At the same time, we understand that — especially post-TGE — the community is also eagerly awaiting for updates, and thus we will be regularly posting updates on progress. Our goal right now is to demonstrate that Ambrosus ecosystem is both demanded by the industry as well as suitable for adoption within the supply chains of existing companies in the food & pharma sector. Below are our activities reports, with upcoming dates, if pertinent:

1. Cross-Continental Pilot Project (Unveiling Deadline 31 Oct)

Dr Joseph Wang, who has recently joined Ambrosus as Project Manager, will be unveiling the pilot project that he will lead. The details will become publicly known before November. What we can say now is that the pilot project will involve demonstrating application of Ambrosus ecosystem for a product with multi-billion-franc market, and will extend through a supply chain between two continents. More details to follow in a vision blog entry that will be published by Dr Wang on Ambrosus Blog.

2. Ongoing Negotiations for Development Partnerships

There are several kinds of partnerships that have been proposed to Ambrosus over the course of the last few weeks. We are in serious negotiations with several of them, but want to choose the best partner for a long-term collaboration and to avoid squabbles and problems. Partnerships include:

A. IoT/Sensors Partnerships: A number of companies who manufacture sensors, quality assurance systems or other pertinent hardware solutions have reached out to Ambrosus. Our current priority is to work with those companies that permit us to build APIs for their sensors, allowing creation of sizeable base of users of Ambrosus ecosystem. Another priority is to select reliable and trustworthy suppliers of hardware, who would be indispensable for projects that require hardware in addition to software to launch.

B. Blockchain/Software-related partnerships: Likewise, a number of software companies have reached out to us. Right now we prioritise the companies whose software we can also quickly integrate into our protocol. Additionally, some proposals have been made by certain blockchains — both private and public — to partner build Ambrosus on top of them. We are currently exploring different options, being conscious of the funding available. However, having a strong and rapidly growing in-house team and a world-class Core Technology Partner, Parity, we are focused on strengthening in-house capabilities and build our own blockchain, rather than being dependent on others. That being said, our current implementation of protocol is based on Ethereum and we have a high enough degree of confidence in success of Ethereum ecosystem to continue putting our resources and energy to make Ambrosus fully interoperable with Ethereum. At least in the short and medium term we plan to be closely associated with Ethereum ecosystem.

C. Ecosystem Development Partnerships: We have received many proposals from current, recent and upcoming ICOs, which would give a mutual boost in the eyes of public. We reject any such proposals, as our goal is not to conclude a series of meaningless, symbolic partnerships and focus on real partnerships. Real partnerships take longer to conclude, because: 1) it’s real collaboration; 2) real legal terms; 3) real money involved; 4) reputation of stakeholders involved; — we therefore do not rush just for the sake of releasing an update to give a short-term boost to our project, without adding underlying substance. Similar to our overall development, we will focus on long-term strategic partnerships with real stakeholders. We in general don’t consider “talking to Company X” as an update. We are talking to almost every single large European corporation in the sector of food and chemicals: talking does not mean much. We are negotiating joint activities and especially looking at international scaling of our activities. Currently, we are interacting with over 50 large enterprises, and our CTO and CPO, alongside with their operational teams, are working on experimental designs and concepts for these enterprises.

D: Partnerships with a Social Mission: We have applied, within the United Nations 10YFP Programme, for a position that would enable us to propose and launch projects with a social mission under the framework of the United Nations 10-Year-Framework Programme and Sustainable Development Goals. Ambrosus is already Partner to the 10YFP Sustainable Food Systems Programme and is currently in the process of application for a more active engagement with participants of UN 10YFP. Participants include national governments, civil societies and private sector stakeholders, who wish to positively affect the global development of our planet. Ambrosus is committed to making lives of people better and is proud to be part of the initiative. We expect to launch a project under the 10YFP Umbrella before the end of the year.

3. Scaling Up of International Expansion

We are setting up the framework to have representation of Ambrosus through legal entities in different countries. We currently have activities on every single continent in the world. We currently have strong candidates for country or regional manager positions. Just as the case with our partners, we want to be very careful with whom we select to be responsible for our international expansion. Our selection standard is very high. Ambrosus will be opening legal entities in several different jurisdictions to permit sound operational framework. Thanks to our strict KYC policy during the TGE, it is relatively straightforward for Ambrosus to go through the bureaucratic hurdles and paperwork associated with cross-border financial transactions. We expect to designate our first regional reprsentatives over the course of November.

4. Decentralised Commodities Exchange Platform (Detailed Project Unveiling Deadline 10 Nov)

Our Blockchain Dev Matthew Roberts has been working on a Decentralised Commodities Exchange Platform. He will present a very detailed overview of the Platform, its functionalities, designs, User Interface and the basic overview of the trading engine. An important element of the Exchange Platform will be the fact that Commodities will have their quality assured through Ambrosus protocol, reinforcing the ecosystem of Ambrosus. Matthew will be releasing a detailed overview of the platform in a separate entry.

5. Food Hackathon Prepared by Ambrosus

Food Hack Geneva 2017 will have one of its challenges — food traceability — prepared by Ambrosus. This will allow us to tap into the talent of the top Swiss graduates to develop new use-cases for our protocol and to source new talent for Ambrosus. The even takes place in Geneva on 27–29 October, and one of our new team members will be serving as a Judge.

6. Integration of Amber

Compatibility with most wallets has been instant (instructions were provided here). However, Amber still needs to be integrated in etherscan as well as in other key websites and directories that list digital assets and tokens. Our developers are also in touch with other popular wallets in order to make Amber as easy to manage as other tokens. There are reports of Amber already being listed on a few small-volume exchanges. This was done most likely on demand of the community. We are discussing with out legal team to what extent Ambrosus can get involved with exchanges to avoid unnecessary attention of the regulators. Should it be determined that it is safe for us legally to do so, we will become more proactive in ensuring the proper support of Amber. The situation is complex and is also intepreted differently in different jurisdictions, so it is hard to get a definitive response. Ambrosus has secured itself a reputation of being extremely compliant and we will continue to act with strong regard to compliance and regulatory conformance in order to be able to focus on project development and expansion, rather than having a headache of playing cats and mice with the regulators.

We will be posting regular updates on our other activities at least once every two weeks to keep the community informed about our progress. We thank all those who hodl confidence in Ambrosus. Stay tuned and give us feedback.