Ethereum Co-Founder Launches New Project: Ambrosus Will Use Blockchain Technology To Ensure Food Safety

Ethereum co-founder Charles Hoskinson says there’s an over-tokenization of things as firms are issuing tokens when the same tasks can be achieved with existing blockchains.

Initial coin offerings, a means of crowdfunding for blockchain-technology companies, has caught so much attention that even the co-founder of the ethereum network, where many of these digital coins are built, says it’s time for things to cool down in a big way.

“People say ICOs are great for ethereum because, look at the price, but it’s a ticking time-bomb,” Charles Hoskinson, who helped develop ethereum, said in an interview. “There’s an over-tokenization of things as companies are issuing tokens when the same tasks can be achieved with existing blockchains. People are blinded by fast and easy money.”

Ambrosus was co-founded in 2016 by Angel Versetti and Dr Stefan Meyer. Prior to co-founding Ambrosus, Versetti, a recognised expert and frequent speaker on innovation, technology, and economic development, held roles at United Nations’ Trade and Investment Division and Department of Technology and Industry, the World Resources Forum, and Bloomberg. He was one of the youngest lead published authors and project leaders in the history of the UN and regularly sits on discussion panels for Davos, the Vatican, UNESCO, and COP21. Ambrosus co-founder and CTO Dr Stefan Meyer brings over 20 years of R&D experience in food analysis, ultrasound sensors, and data encryption at companies like Nestlé, MHM Microtechnique and Vitargent Biotech. In addition, Meyer was the Founding Managing Director of the Integrative Food and Nutrition Center at the Swiss Federal Institute of Technology (EPFL).

WANT TO GET MORE NEWS ABOUT IT THEN
follow @dhabal