AMB Crypto Accepted in Security Token Offering in Shipping And Trade

Global digital marketplace SHIPNEXT has partnered with Ambrosus to accept AMB coin to boost its security token offering.

The decentralized IoT (internet of things) network for next-generation supply-chains Ambrosus has teamed up with global digital shipping marketplace SHIPNEXT to allow its AMB coin to increase its security token offering (STO).

Ambrosus co-founder and chief executive officer Angel Versetti told Cryptovest in a statement the deal marks an industry-first use case for a digital currency to be accepted as a legitimate contribution in an STO.

Angel Versetti said:

“Our partnership with SHIPNEXT aligns seamlessly with Ambrosus’ goal to revolutionize the future of industrial development and supply chain operations through the use of decentralized and transparent data management tools. By enabling the Ambrosus community to participate in the SHIPNEXT STO directly, we are excited to leverage this unique opportunity to play a pivotal role in the development of a project that is leveraging blockchain’s potential to make global supply chains exponentially more efficient.”

He explained the acceptance of Ambrosus and its ecosystem in the SHIPNEXT STO is a validation of the feasibility that feasibility that blockchain and IoT technology could maximize the transparency and efficiency in global trade, shipping and supply chain operations.

The statement added the STO seeks to further SHIPNEXT’s commitment to creating a digital platform that provides transparent pricing, access to supply chain data and analytics, and advanced freight and ship tracking.

SHIPNEXT CEO Alexander Varvarenko added:

“SHIPNEXT has taken the strategy of building a global supply chain ecosystem, through a decentralized transportation network. Accepting AMB during the SHIPNEXT STO is a clear first step in the right direction, and especially beneficial for improving traction of the SHIPNEXT platform.”

In August, two Chinese shipping companies, Yuanben, and Maritime Silk Road Platform announced their partnership to use blockchain to label cargoes and routes to streamline the maritime logistics.

The partnership will use blockchain technology to provide node deployment, search interface for cargo tracking, and digital content deposit certificates.

Earlier this year, US technology giant IBM and Maersk, one of the largest cargo logistic companies, have launched TradeLens, a blockchain-based shipping system that uses DLT0based smart contracts as an alternative to traditional deal-making process in world trading.

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