on SMX (Security Matters)
Singapore Unveils Groundbreaking Plastic Passport Initiative with SMX Technology
Singapore has launched a pioneering plastic passport program, backed by SMX technology and ASTAR. This initiative aims to fundamentally change plastic recycling by incorporating molecular-level intelligence, making it traceable and accountable. This system could serve as a model for ASEAN, which faces significant plastic waste challenges.
With ASEAN's plastic market valued at $4.2 billion, the regional adoption of Singapore's model could unlock economic and environmental benefits. Singapore's system offers proof and traceability for every plastic, promising a structured recycling framework. This universal approach addresses the interconnected plastic supply chains across ASEAN.
SMX's role in this initiative is crucial, showcasing the potential of its "physical-to-digital" systems. As ASEAN considers Singapore's model, the impact could be transformative, making SMX a central technology player in the region's recycling efforts.
R. E.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all SMX (Security Matters) news