Summary by Futu AI
SMX (Security Matters) PLC, a company specializing in digitizing physical objects for a circular economy, has announced the launch of a new blockchain-based technology solution aimed at enhancing data-driven reporting for compliance with the EU Deforestation Regulation (EUDR) in the Natural Rubber industry. The announcement was made in a press release dated July 3, 2024. The new solution is designed to provide a centralized reporting system that ensures traceability and transparency in the supply chain, from the sourcing of materials to the final product, while addressing ethical sourcing, child labor, conflict minerals, and chemical use. The platform integrates various data sources, including satellite imagery and blockchain records, to offer a comprehensive view of supply chain activities. It also features a...Show More