on SMX (Security Matters)
SMX Technology Revolutionizes Supply Chain Traceability
Amid increasing pressure from European Union regulations, multinational companies are turning to SMX Ltd. for compliance solutions. Known for its innovative approach, SMX addresses the supply chain's "first-mile" challenge. With EU mandates tightening, companies must now ensure their commodities, like cocoa and palm oil, are not linked to deforestation.
SMX's technology provides traceability through its chemical markers, which do not alter material quality but allow for supply chain tracking. This is crucial as companies are required to prove sustainability down to the plot level. Blockchain integration creates digital records, ensuring data authenticity and compliance.
In countries like Ivory Coast and Ghana, where traceability of cocoa remains a challenge, SMX's solutions offer a way to ensure compliance with impending EU laws, potentially safeguarding market access and supporting local economies dependent on exports.
R. H.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all SMX (Security Matters) news