Plastic waste has emerged as one of the most pressing environmental issues of the 21st century, posing significant threats to ecosystems and life on Earth. Each year, millions of tons of plastic waste end up in our oceans, landfills, and even in remote parts of the world, causing devastating impacts on wildlife, marine life, and the overall health of our planet. These synthetic materials, designed for durability and longevity, can take hundreds of years to decompose, thereby persisting in the environment for extended periods.
Microplastics, tiny fragments resulting from the breakdown of larger plastic items, have infiltrated even the most remote corners of the globe and are increasingly found in the food chain. Moreover, the production and disposal of plastics contribute significantly to greenhouse gas emissions, further exacerbating climate change. Addressing the plastic waste crisis requires innovative solutions that not only enhance recycling efficiency but also promote a circular and sustainable economy.
SMX’s Innovative Technologies Stands Ready To Help Improve The Pressing Plastic Waste Issue
SMX (NASDAQ: SMX), is an innovative circular economy company, set to revolutionize the plastics industry with its cutting-edge track and trace technology. This organization is dedicated to digitizing physical objects on the blockchain, a strategy aimed at promoting a circular and closed-loop economy. Their patented technology utilizes an indelible chemical-based biomarker to “mark” any object—solid, liquid, or gas. This unique barcode can be deciphered using the company’s proprietary ‘reader,’ which pulls up the corresponding stored data, safeguarded by the immutable nature of blockchain technology.
In April 2022, the company made headlines in the recycling world after successfully concluding commercial readiness trials for their pioneering plastic tracking system. At the heart of this innovation is an industrial-grade identification, authentication, and sorting conveyor belt designed specifically for the plastics sector. As they anticipate the commercial deployment of this revolutionary technology, SMX is actively engaged in promising discussions with various strategic partners, promising a new era for plastic recycling.
SMX Technology Can Track and Trace Plastic Throughout Its Lifecycle, Helping the Environment & The Plastics Industry
SMX’s innovative technology stands to greatly benefit the plastics industry by reducing waste and increasing recycling, ultimately bolstering environmental sustainability while also enhancing the industry’s efficiency. Their patented marking technology, which assigns a unique chemical-based biomarker to objects, enables an unprecedented level of tracking and tracing throughout the lifecycle of plastic products. This paves the way for more effective sorting and recycling, since stakeholders can now precisely identify the type of plastic, the manufacturer, the percentage of recycled content, and even the number of times it has been recycled.
The revolutionary conveyor belt detector, an integral component of their comprehensive solution, provides reliable data readings at every stage of the supply chain. This allows stakeholders to seamlessly transfer ownership of materials and products, record essential data, and attach critical documents via the intuitive interface. This game-changing innovation provides unparalleled transparency, enabling users to effortlessly track and trace plastic packaging throughout every stage of the value chain, from sorting to mechanical recycling.
Such heightened transparency and traceability facilitates the creation of a digital twin of the product, thus illuminating every stage of its value chain. This can drastically improve the sorting capabilities of recycling and waste management facilities, and subsequently increase the percentage of plastic that is effectively recycled. By doing so, SMX’s technology aids in driving a more sustainable future for plastics, promoting a circular and closed-loop economy that mitigates plastic waste and its associated environmental impact.
Moreover, this cutting-edge system has the potential to unlock the ability to reclaim and reuse all types of plastic content, bridging the gap for plastic circularity. By offering a solution that can be customized to individual requirements, such as detecting specific “marked” polymers among other waste, SMX is well-positioned to revolutionize plastic waste management and recycling.
The versatility of SMX’s technology extends its applications across a broad range of industries from automotive to electronics, fashion and food. The chemical-based marker is applicable to solids, liquids, and gases, while the conveyor belt system can be tailored to specific needs, such as reading various types of packaging, detecting marked polymers among other waste, and modifying the dimensions and speed of the conveyor belt. As global concerns about plastic waste and sustainability persist, SMX’s innovative track and trace technology offers a promising solution to increase recycling efficiency and foster a circular and closed-loop economy in the plastics industry.
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