Public on NASDAQ on Jul, 2022 Public on ASX on Feb, 2023
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Security Matters
Security Matters Overview
SMX (Security Matters) designs a unique blockchain-based platform that offers comprehensive tracking and tracing solutions for physical objects. The company uses distinct chemical barcodes to generate a digital identity for every object, enabling its complete lifecycle tracking. These digital identities contribute to enhanced supply chain management, sustainability, and counterfeiting reduction. By tracing and verifying the raw materials from their origin, through the manufacturing process, distribution, retail, and end-of-life stages, SMX ensures complete supply chain transparency, fostering tangible and measurable sustainable circularity.
Security Matters Climate Tech relevance
Security Matters enables a move toward the circular economy, which addresses climate change by reducing the amount of raw materials we need. Global textile waste is expected to reach 148 million tons annually by 2030. One of the core applications of SMX technology is fashion sustainability. SMX technology enables companies to invisibly mark, trace and store data on the actual raw materials (fibers) at a molecular level, from the original source across the entire life cycle. This data is then inscribed to SMX’s blockchain platform. SMX equilibrium economy can manage the balance between virgin material and used/recycled material, and garments can be recycled back to raw materials to be used in other industries. SMX Technology can also improve recycling rate by an efficient sorting process of marking blended fabrics with accurate raw materials’ identification and composition.