Today, the blockchain digital twin company Security Matters (SMX) announced that it had completed the construction of its blockchain-enabled conveyor belt detector. This was designed specifically for the plastics industry to identify objects for recycling using its invisible chemical marker.
The announcement comes two months after SMX raised $4.7 million, of which AUD 1 million was earmarked for conveyor readers for sorting and recycling facilities. This has swiftly translated into the completion of their new conveyor belt system.
Traceability has been a prominent issue for the plastics sector. Producers and buyers need to track and trace plastic packaging through all stages of the value chain in a transparent way, particularly in the sorting and mechanical recycling stages.
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