Special Report: Security Matters (ASX:SMX) has finished a successful pilot and certified flame retardant authentication platform powered by its blockchain and is now entering commercial negotiations.

The brand protection company demonstrated its unique marker system for three commercial brominated flame retardant systems in PA 66, black HIPS and ABS plastics as part of a pilot project with the International Bromine Council (BSEF) and the North American Flame Retardant Alliance (NAFRA).

Brominated fire retardants have been routinely added to consumer products, especially plastics, in recent decades to increase their fire resistance. But because they’re not chemically bound to substances, they can leach into the environment.

“Flame retardant chemicals are an important component in manufactured products worldwide, since they protect human life and property,” Security Matters chief executive and founder Haggai Alon says.

“The use of flame-retardant chemicals has continued to provide value across a broad range of manufactured products worldwide, since they protect human life and property.”

They provide value across a range of applications in aviation, the automotive industry, construction, electronics and telecommunications, says Alon.

BSEF board member Joel Tenney (ICL) calls the SMX pilot “exciting and novel work”.

“The project demonstrated unique marker systems could be deployed to help whole value chains improve compliance, traceability and circularity when it comes to flame retardants.

“More has to be done to demonstrate scalability but this is an excellent start.

“Brominated flame retardants are valuable and lifesaving chemistries and the SMX project is yet another example of our industry commitment to bring added value and confidence to the marketplace.”

A host of projects

SMX’s blockchain platform could be used for a wide range of applications – from safeguarding the coronavirus vaccine rollout to letting computer giant Intel know whether its motherboards have been tampered with.

The company also recently opened a Sustainability Competence Centre for Fashion, with an initial focus on sunglasses, sports shoes and T-shirts.

Its blockchain 3.0 project will be a key enabler for the new equilibrium circular economy, SMX says.

This article was developed in collaboration with Security Matters, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.