SMX (Security Matters) PLC (NASDAQ:SMX) and Singapore’s Agency for Science, Technology and Research (A*STAR) announced a partnership Tuesday to build a national plastic traceability system that uses molecular tagging and blockchain technology. The effort aims to increase recycling rates and reduce incineration, advancing the country’s Zero Waste Masterplan.
The program will introduce a digital passport for plastics, enabling brands, manufacturers, recyclers and retailers to track items throughout their lifecycle. The system combines SMX’s chemical marking and blockchain with A*STAR’s spectroscopic detection and profiling research.
