SMX and FinGo Collaborate on Sustainable Supply Chain Platform

SMX (Security Matters) PLC has announced a collaboration with Sthaler Ltd, which markets FinGo, to develop a centralized reporting platform for the natural rubber, commodities, food, and mining industries. This platform aims to improve transparency and ensure compliance with environmental, social, and governance (ESG) regulations across supply chains.

With rising pressure on companies to adhere to stringent ESG standards, the platform seeks to address ethical sourcing, child labor, and compliance with the EU Deforestation Regulation. SMX’s molecular marking technology will allow materials to be traced and authenticated across the supply chain, while FinGo's biometric system will verify individual identities, ensuring ethical sourcing and real-time reporting.

This collaboration is anticipated to lower compliance costs, reduce reputational risks, and enhance operational efficiency. The initiative may also offer secure payment solutions and full traceability, helping businesses meet regulatory requirements efficiently.