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SMX Integrates Molecular Traceability in Gold Market with Goldstrom
SMX (NASDAQ: SMX) has partnered with Goldstrom to introduce molecular-level traceability in the gold and silver markets. This collaboration aims to enhance transparency and accountability in the precious metals industry by embedding molecular markers in these metals. These markers, combined with a secure blockchain registry, record the lifecycle of each metal unit, tracking its origin and processing history.
Goldstrom's extensive network enables this system to permeate mining, refining, trading, and insurance sectors without workflow disruptions. The initiative aligns with global standards demanding built-in proof of authenticity. This traceability shift converts compliance into a competitive edge, providing financial institutions and regulators with verifiable sourcing evidence.
The integration extends SMX's molecular technology applications, previously beneficial in plastics and textiles, to traditional value stores like gold and silver. This partnership aims to transform the industry by providing measurable proof of authenticity, enhancing market integrity, and reducing fraud and duplication risks.
R. P.
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