Security Matters just made supply-chain management a lucrative revenue driver
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Special Report: After three months of development and collaboration, brand protection, supply chain integrity and blockchain tech company Security Matters (ASX:SMX) has launched its blockchain product.
Security Matters (ASX:SMX) earlier this year signed an MoU with blockchain software firm R3 to develop a blockchain application for its mark, track and trace technology.
And as of today, that product, built in collaboration with R3 and blockchain advancement company Quantum Crowd, will be made immediately available to customers. It operates on R3’s platform Corda.
The product’s launch follows the completion of a three-month collaboration project that involved the technical teams at SMX, R3 and Quantum Crowd working together to develop a bespoke platform that provides an end-to-end solution for customers.
It has been specifically designed to incorporate Security Matters’ technology and live data intelligence to provide customers a fully integrated supply chain management and information security platform, supporting SMX’s business model of creating a digital twin of any physical object.
Darren McVean, Quantum Crowd CEO, agreed, describing the partnership as exciting.
“We believe that this strategic partnership with these two leaders in the blockchain industry will allow us to revolutionise the supply chain and logistics, commodity trading, agriculture, and manufacturing sectors and bring digital asset trading to new heights in the next decades,” he said.
“Being able to embed unique and unalterable identification markers on any oil, gas, or solid will enable the rapid adoption of blockchain technology across nearly every industry sector and drive the mass adoption of digital asset creation and trading.”
Haggai Alon, founder and CEO of SMX, said the product would help ease customer animosity towards blockchain technology.
“In an era where people don’t fully understand blockchain and are hostile towards it, we are creating platforms that provide a user-friendly and easy to use solution,” he said.
“We work with companies to support their growth and protect their systems and this blockchain platform does just that.”