Blockchain-Powered Conveyor Detects Plastics For Recycling
July 13, 2021
Security Matters develops blockchain-enabled conveyor belt to detect objects for recycling using its chemical marker.
A new blockchain-enabled conveyor system can detect objects for recycling by reading a chemical marker or “fingerprint,” according to an article from Ledger Insights. Blockchain digital twin company Security Matters (SMX) unveiled its new conveyor belt system designed specifically for the plastics industry. The company reportedly raised $4.7 million recently with a portion earmarked for conveyor readers for sorting and recycling facilities.
According to the article, the SMX technology tackles the plastic industry’s issue of traceability by allowing users to permanently mark objects with a chemical “barcode." It is then read through the company’s reader, which records and verifies it on a blockchain. The technology can reportedly determine the percentage of recycled content, the type of polymer used and the number of times the polymer has been recycled.
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