TrueGold: Empowering the Gold Industry to New Levels of Transparency and Verification That is Both Tangible and Digital
TrueGold, a subsidiary of SMX (NASDAQ:SMX), has introduced a revolutionary molecular-marking technology for the gold industry that creates a fully traceable supply chain from mining to recycling. The technology, accredited as a Gold Bar Security Feature by the London Bullion Market Association (LBMA), enables gold to be marked at the molecular level and traced both tangibly and digitally. Through partnerships with Ava Global for secure logistics and Fingo for digital verification, the system can verify gold's origin, quantify recycled content percentage, and maintain blockchain-recorded traceability throughout the production chain, applicable to both bullion and luxury goods.
TrueGold, una sussidiaria di SMX (NASDAQ:SMX), ha introdotto una tecnologia rivoluzionaria di marcatura molecolare per l'industria dell'oro che crea una filiera completamente tracciabile, dalla minerazione al riciclo. La tecnologia, accreditata come Caratteristica di Sicurezza per Lingotti d'Oro dalla London Bullion Market Association (LBMA), consente di marcare l'oro a livello molecolare e di tracciarlo sia in modo tangibile che digitale. Grazie a partenariati con Ava Global per la logistica sicura e Fingo per la verifica digitale, il sistema può verificare l'origine dell'oro, quantificare la percentuale di contenuto riciclato e mantenere la tracciabilità registrata su blockchain lungo tutta la catena produttiva, applicabile sia ai lingotti che ai beni di lusso.
TrueGold, una subsidiaria de SMX (NASDAQ:SMX), ha presentado una tecnología revolucionaria de marcaje molecular para la industria del oro que crea una cadena de suministro completamente rastreable, desde la minería hasta el reciclaje. La tecnología, acreditada como Característica de Seguridad del Lingote de Oro por la London Bullion Market Association (LBMA), permite marcar el oro a nivel molecular y rastrearlo tanto de manera tangible como digital. A través de asociaciones con Ava Global para logística segura y Fingo para verificación digital, el sistema puede verificar el origen del oro, cuantificar el porcentaje de contenido reciclado y mantener la trazabilidad registrada en blockchain a lo largo de toda la cadena de producción, aplicable tanto a lingotes como a bienes de lujo.
TrueGold는 SMX (NASDAQ:SMX)의 자회사로, 금 산업을 위한 혁신적인 분자 마킹 기술을 도입하여 채굴부터 재활용까지 완전히 추적 가능한 공급망을 생성했습니다. 이 기술은 런던 금 시장 협회(LBMA)에 의해 금 바 보안 기능으로 인증되어 있으며, 금을 분자 수준에서 표기하고 실질적 및 디지털적으로 추적할 수 있게 합니다. Ava Global와 안전한 물류 파트너십, Fingo와의 디지털 검증을 통해, 시스템은 금의 출처를 확인하고, 재활용된 콘텐츠 비율을 정량화하며, 생산 체인 전반에 걸쳐 블록체인 기록의 추적 가능성을 유지할 수 있습니다. 이 시스템은 금괴와 사치품 모두에 적용 가능합니다.
TrueGold, une filiale de SMX (NASDAQ:SMX), a introduit une technologie de marquage moléculaire révolutionnaire pour l'industrie de l'or qui crée une chaîne d'approvisionnement entièrement traçable, depuis l'exploitation minière jusqu'au recyclage. La technologie, accréditée comme Caractéristique de Sécurité des Lingots d'Or par la London Bullion Market Association (LBMA), permet de marquer l'or à l'échelle moléculaire et de le tracer à la fois de manière tangible et numérique. Grâce à des partenariats avec Ava Global pour la logistique sécurisée et Fingo pour la vérification numérique, le système peut vérifier l'origine de l'or, quantifier le pourcentage de contenu recyclé et maintenir une traçabilité enregistrée sur blockchain tout au long de la chaîne de production, applicable à la fois aux lingots et aux produits de luxe.
TrueGold, eine Tochtergesellschaft von SMX (NASDAQ:SMX), hat eine revolutionäre molekulare Markierungstechnologie für die Goldindustrie eingeführt, die eine vollständig nachverfolgbare Lieferkette vom Bergbau bis zum Recycling schafft. Die Technologie, die als Sicherheitsmerkmal für Goldbarren von der London Bullion Market Association (LBMA) zertifiziert ist, ermöglicht es, Gold auf molekularer Ebene zu kennzeichnen und sowohl physisch als auch digital zu verfolgen. Durch Partnerschaften mit Ava Global für sichere Logistik und Fingo für digitale Verifizierung kann das System die Herkunft des Goldes überprüfen, den Anteil an recyceltem Inhalt quantifizieren und die blockchain-gestützte Rückverfolgbarkeit während der gesamten Produktionskette aufrechterhalten, die sowohl auf Barren als auch auf Luxusgüter anwendbar ist.
- Received LBMA accreditation as Gold Bar Security Feature
- Technology enables verification without destroying products or lab testing
- Expanded market potential covering both bullion and luxury goods sectors
- Strategic partnerships with Ava Global and Fingo enhance service offering
- None.
Insights
The trueGold molecular marking technology represents a significant breakthrough in supply chain verification. The system's LBMA accreditation as a Gold Bar Security Feature is particularly noteworthy, as it provides strong validation from the industry's leading authority. The technology's ability to quantify recycled content percentages and verify origins without destructive testing sets it apart from existing solutions.
The partnership ecosystem with Ava Global and Fingo creates a comprehensive security framework that addresses both physical and digital verification needs. This multi-layered approach, combined with blockchain integration, positions SMX to potentially capture significant market share in the
The integration of molecular marking with secure logistics and digital verification creates an unprecedented level of supply chain integrity. The system's ability to maintain traceability through recycling processes is a important differentiator, addressing a major industry pain point. The partnership with Ava Global significantly enhances the solution's credibility and practical implementation.
Key advantages include:
- Non-destructive verification capability
- Persistent marking through recycling processes
- Integration with existing logistics infrastructure
- Real-time tracking and verification
MIAMI, FL / ACCESSWIRE / November 12, 2024 / trueGold, a subsidiary of SMX (NASDAQ:SMX), is revolutionizing the gold industry with its molecular-marking technology. This groundbreaking system, which creates a fully traceable and verifiable supply chain for gold, from mining to the marketplace and recycling, is nothing short of a game-changer that brings a new level of transparency, accountability, and, as importantly, an ability for companies to confidently meet stringent industry standards and verify its exclusive use of ethically sourced gold. It's so good that it's an accredited Gold Bar Security Feature by the London Bullion Market Association (LBMA), a validating and unrivaled adoption that could expedite its use in other industries.
At the core of trueGold's technology is SMX's marker, reader, and digital platform-a system that allows gold to be marked at the molecular level, enabling it to be traced both tangibly and digitally from its origin in the mine through refining and manufacturing, all the way to recycling and reuse.
Unlike any other known tracing technology, these molecular markers allow the data embedded in each gold item to be read without destroying the product or sending it to a special lab for testing. It can quantify the concentration (%) of recycled material within a product, verify the gold's origin, and confirm whether it includes recycled content. This applies both to gold bars and finished gold products like watches and jewelry, with the technology ensuring that each piece can be traced to its ethical origin and its complete journey through the production chain recorded on the blockchain.
TrueGOLD molecular-marking technology
While already beyond impressive, trueGold's molecular marking technology is made even more robust through its recent collaboration with Ava Global, a leader in high-value logistics. Ava Global's expertise ensures that the traceability established by trueGold's marking technology is preserved and verified at every transfer and checkpoint. By managing the secure transport of gold, Ava Global enhances the transparency and accountability of the supply chain, assuring consumers and stakeholders that each stage of the gold's journey has been verified and safeguarded. This partnership underscores trueGold's commitment to ensuring that the gold can be authenticated and accounted for from origin to final destination.
Chris Fergus, CEO of Ava Global, highlighted the partnership's impact, saying, "In a world where consumers and industries alike demand transparency, our collaboration with trueGold is transformative. By combining our secure logistics expertise with trueGold's molecular marking technology and its digital platform, we're not just moving gold; we're delivering trust and accountability at every stage of its journey. This partnership is setting a new standard for the industry, empowering every stakeholder to be able to verify, the origination and history of the gold they handle. It's a pioneering step toward a future where traceability and responsibility aren't just features-they're foundational expectations."
Further enhancing the integrity of the gold supply chain, trueGold has partnered with Fingo, a leader in secure digital verification. Fingo's cutting-edge platform enables efficient and secure verification processes, ensuring that only authorized personnel handle and process the gold at various stages. This collaboration adds an additional layer of security, minimizing the risk of fraud and unauthorized access and reinforcing the trustworthiness of the entire supply chain.
Value beyond tracing bullion
TrueGold's impact on the industry extends beyond bullion bars and coins to include high-end consumer products such as jewelry and luxury watches. By applying their technology to these categories, trueGold enables luxury brands to deliver on their promise of ethical sourcing. For the discerning consumer, this means the assurance that the gold in their jewelry and watches has been responsibly sourced and carefully tracked and verified. TrueGold's expansion into the luxury goods market reflects a broader trend in the sector, where transparent sourcing, the ability to prove and verify that the gold contains recycled material, and sustainable production are fast becoming essential brand attributes.
Notably, trueGold's technology's potential lies in securing the provenance of new gold and supporting circularity in the industry. By marking gold in a way that persists through recycling, trueGold enables a closed-loop lifecycle for gold products, supporting sustainability and reducing the environmental impact of mining. This capability aligns with the broader movement toward a circular economy, where products are designed to be reused, recycled, and reintroduced into the market with minimal waste. trueGold's circular approach to gold traceability offers an innovative response to mounting global concerns over resource depletion and environmental impact, resonating strongly with both eco-conscious consumers and investors.
Partnerships drive the value proposition
Today, after expanding its commercial partnerships to increase the reach and application of its technology, trueGold is helping to bring new levels of transparency and accountability to the gold industry. Moreover, its efforts are setting the stage for other precious metals to follow suit, highlighting a path where ethical sourcing and sustainable production become the norm, not the exception.
Indeed, as the gold industry contends with rising consumer expectations and evolving regulatory standards, trueGold's progressive technology is proving that innovation can be both profitable and ethical. The collaboration between trueGold, Ava Global, and Fingo is more than a technological advancement-it's a statement about the future of the gold industry, one in which transparency, accountability, and sustainability is woven into the fabric of every transaction.
By leading the way with its transparent and traceable gold supply chain, trueGold exemplifies how technology can meet modern demands for ethical products, offering a sustainable path forward for the entire gold market. This partnership-driven approach is not just about gold; it's about establishing a model of trust and accountability that could transform the very foundation of global trade.
Sources:
https://www.smx.tech/technology
About SMX
As global businesses face new and complex challenges relating to carbon neutrality and meeting new governmental and regional regulations and standards, SMX is able to offer players along the value chain access to its marking, tracking, measuring and digital platform technology to transition more successfully to a low-carbon economy.
Forward-Looking Statements
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SOURCE: SMX (Security Matters)
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FAQ
What is TrueGold's molecular marking technology for SMX (NASDAQ:SMX)?
How does TrueGold's technology verify gold authenticity for SMX (NASDAQ:SMX)?
What partnerships has TrueGold established for SMX (NASDAQ:SMX)?
