Security Matters (SMX) comes up with a sustainable solution!
And what’s it all about! The Australian-listed Israeli tech solutions firm unveils a solution for recycling of the textiles, thus reducing the number of garments and textiles that is dumped into the landfill every year.
The solution will always be useful for the security of the system preventing the garments from counterfeit.
The technology is designed with special focus on providing solutions that will turn the fashion high resources and high linear economy into a circular one by assisting in easy sorting of raw materials so that these can be recycled.
Further on the same, Haggai Alon, CEO and Co-founder, SMX, said “Being able to sort out threads whether they are cotton, linen, polyester or blends will enable a new equilibrium for a circular economy to thrive, as fibre made into fabric, then fashioned into clothes, can re-enter the economy for reuse and recycling rather than ending up as waste once they are no longer wanted.”
The SMX’s proprietary Intelligence of Things (IOT2) technology seals the molecular matter of the raw material before they are converted or sewn into the garment and are integrated into the bar codes, QR codes or RFID chips, attached to the packaging of the products.
The technology can invisibly mark raw fibres at a molecular level from the original source across three life cycles: raw material to production, production to commercial and commercial to recycle and re-use.
The data is secured through the blockchain technology, which ensures total security and transparency of data.
When the garments enabled with these technologies enter the recycling centre, they can be scanned using the SMX scanners for the identification of the raw material. This enables sorting and extraction of the high-quality recycled fibres, thus recovering the pure material for recycling which saves money and time.
“SMX’s mark and trace technology enables an ‘equilibrium economy’ as it covers data across three life cycles and logs the information on blockchain for authentication and proof,” said Alon.
Textile is made from different blends of cotton, polyester and other materials. Recycling of garments becomes much easier and efficient when only one type of material represents 60 per cent of the clothing textiles. An efficient recycling depends on accurate material detection and sorting to well ensure well-defined material streams.
Explaining further, Alon said “We’re tackling a problem that can only be solved now because of our technology and ability to mark different materials (e.g., textile fibres, rubber, plastic, metals, gold, diamonds, etc.) at source and detect them in the finished product for greater recycling output quality. With SMX’s equilibrium economy, fashion brand owners can also look at a new business stream, with credible carbon credit claim.”
Furthermore, the technology can also be used as an authentication and reputation tool for the fashion brands. The technology acts as a security tool against the counterfeit of goods and could help save the US $ 1.8 trillion that businesses lose to counterfeit goods.
