Core Insights - The collaboration between SMX and Tradepro Inc. aims to enhance the traceability and transparency of recycled plastic materials, supporting the Sustainable Management of Plastics as outlined by the U.S. Environmental Protection Agency [1][7][13] - SMX technology will enable end-to-end traceability in the natural rubber supply chain, allowing brands to authenticate and provide proof of quality, quantity, and origin for credible ESG reporting [4][15] - The partnership is expected to establish a new industry standard for digital reporting in the plastics sector, moving away from traditional human and paper-based methods [13][19] Company Overview - SMX (Security Matters) PLC is focused on digitizing physical objects for a circular economy and is listed on NASDAQ [7] - Tradepro Inc. has over 35 years of experience in the plastics recycling industry and plans to distribute over 85,000 metric tonnes of recycled plastic materials in 2024 [5][24] Technology and Innovation - SMX's technology provides a comprehensive solution for tracking, tracing, and reporting across the plastic supply chain, ensuring compliance with industry best practices [9][20] - The SMX platform will facilitate near real-time reporting on supply chains, meeting the five-year document storage requirement of EUDR regulations [9][22] Market Impact - The collaboration is expected to help U.S. organizations transition from linear to circular reporting operations for plastics, enhancing material efficiency within the sector [7][13] - The inclusion of natural rubber in the EU Deforestation Regulation will benefit companies using SMX's solutions by ensuring transparent supply chains [22]
SMX Announces Collaboration with Tradepro Inc. to Complete a Proof of Concept to Bring Enhanced Digitalization of Tracking, Tracing, and Reporting Across the Plastic Supply Chain