Upcoming: Ambrosus Masternodes
Several innovative blockchain-based companies are rising up to the challenge of exploring blockchain solutions and how it can be applied to business and life as we know it. Ambrosus is one of those companies that is currently in the playing field.
The Ambrosus Network (AMB-NET) is a distributed ledger data-storage system aimed at improving current supply chain processes. The network will be solving five critical challenges with centralized supply chain management. These are: fragmented data silos, slow process changes in inventory, organizational miscommunication, high costs of global regulatory compliance, and operation/reputational damage caused by product recalls.
By combining IoT connectivity and Proof-of-Authority (PoA) consensus, the Ambrosus network will solve these challenges through automated smart contract, an incentivized economy, regulatory compliance, and cyber-risk management.
In contrast to most blockchain projects, Ambrosus offers three Primary Masternode frameworks: Apollo, Hermes, and Atlas. It is also worth noting that the network’s peer-to-peer nodes are called Perseus. The Atlas Masternode is further broken down into three subsets based on their storage bandwidth: Atlas Omega, Atlas Sigma, and Atlas Zeta. This distribution will appeal to a broader audience and group or participants.
The Apollo Masternodes run the networks PoA blockchain. Their job is to validate transactions and execute smart contracts. Hermes Masternodes are data providers, they upload data onto the network, and Atlas Masternodes are responsible for handling storage challenges between network participants. The stakes for each of this masternode is as follows:
- 75,000 AMB (Omega)
- 30,000 AMB (Sigma)
- 10,000 AMB (Zeta)
- Hermes – 150,000 AMB
- Apollo – 250,000 AMB
Because they provide a network-critical service, Apollo Masternodes participants must undergo rigorous KYC and cyber-risk screening and stake a predefined amount of AMB, before they can process transactions… Apollo nodes will also be available to the broader public. Hermes, being data producers, would mainly make sense to companies, but are not necessarily going to be restricted to companies. We are working with Quality Assurance associations and standard-setting entities, they appear to be potential operators, or users, of Hermes nodes.
Further on the subject of KYC:
At the early stages implementation of KYC for masternodes will be done in a centralized manner to assure the integrity of the network and prevent malicious actors from entering. Thus, someone may run a masternode, but if they do not pass KYC, then they would not be a participatory node in AMB-NET.
In general, individual and business customers will be required to provide the following, a valid passport for individuals, and business tax-ID number, primary address, phone number, a registry of directors, and other personal identification, for enterprises.