/biz/ - Business & Finance

To be fair, let’s pretend you wanted to build your own ecosystem and cut out Ambrosus? Well you’d first have to build a technology stack similar to Ambrosus, so step 1 go hire some developers & engineers. Then you’ll need to create a private blockchain that is scalable to your exact needs so you’ll need some blockchain developers. Then you’ll need to do groundbreaking innovative R&D into hardware sensors much like Stephan Meyer in the first half of this article is doing (https://blog.ambrosus.com/progress-report-15-oct-17-sensors-new-hires-activities-future-events-86984665a8d9)) so you’ll need more scientists/PhD’s in relevant fields of expertise. Then you’ll likely need to create a test lab to run these experiments before scaling it (meaning you’ll need a CTO & more guys with lab coats). You’d have to code and create smart contracts that all properly facilitate the recording of data along the supply chain. Then the CTO would have to explain to the CEO why they’re taking this huge unproven risk & how it’s going to integrate perfectly first try with their existing solutions. Haha yeah, I know…that CTO clearly has ambition.

Even after all that it also doesn’t solve the biggest problem - trust. Why? Back to what Vitalik said and why the blockchain is so perfect for this usage case. Who’s watching the watcher? You employ your own solution, no one can see whether you’re actually meeting industry standards. It could all work and you could have all the information and still game the system because you’re the only one who can check-up on it. Let’s once again play devils advocate: What happens when you mess up your medical delivery during the shipment because it was exposed to excess heat? Well who’s going to know except the corporation who holds all the power in a centralized manner & hides this data from those who want to see it?