SMX Revolutionizes Aluminum Lifecycle Tracking: A Blockchain Solution for Industrial Transparency for Empowering Auto, Aerospace, and Infrastructure to Embrace Circular Economy.
SMX has filed a patent with the United States Patent and Trademark Office (USPTO) for a groundbreaking application aimed at increasing visibility and accounting for some of the largest industrial consumers of aluminum alloy products and materials. SMX’s technology provides a blockchain platform for full lifecycle accounting of materials enabled via molecular-level marking. In this blog post, we’ll explore the details and implications of SMX’s innovative approach to aluminum alloy tracking.
SMX’s Blockchain Platform for Aluminum Alloys
SMX has developed a platform for semi-industrialized aluminum alloys that demonstrates several key capabilities. First, a proprietary marking system can be implemented during the melting stage, enabling full lifecycle authentication of origin, grade composition, and specification limits. Second, the SMX marking system offers post-production authentication of material durability for traceability without impacting the mechanical and physical properties of aluminum products.
SMX’s Non-Destructive Reading Hardware
Additionally, SMX has designed hardware for non-destructive reading of markings, enabling the tracking of marked aluminum across production steps and distinguishing between marked and unmarked products. This technology provides a seamless solution for tracking aluminum throughout its lifecycle.
Collaboration with Global Automakers and Aluminum Manufacturers
The system was developed with input from global automakers and aluminum manufacturers to meet specific requirements for ethical sourcing, quality in manufacturing production, and recycling and reuse accounting. This collaborative approach ensures the SMX platform aligns with industry needs and expectations.
Addressing Sustainability Challenges in Aluminum Production
The production, manufacture, and use of aluminum present significant sustainability challenges, including carbon emissions, waste and scrap generation, landfill bulk, and downgrading. However, aluminum’s abundant availability and unique properties—such as its ability to maintain integrity after recycling—make it a highly sought-after material in various industries.
SMX’s Solution for Accurate Aluminum Accounting
The SMX platform introduces a method for accurately accounting for aluminum throughout its lifecycle, from production to recycling. This approach enables material-intensive industries to track aluminum more effectively, providing transparency, promoting ethical sourcing, and addressing sustainability concerns.
Conclusion:
SMX’s innovative patent for aluminum alloy tracking offers a promising solution for material-intensive industries seeking better visibility and accounting. By utilizing blockchain technology and molecular-level marking, SMX has developed a platform capable of tracking aluminum throughout its lifecycle. This groundbreaking approach has the potential to transform industrial transparency and contribute to more sustainable practices within the aluminum sector empowering Aerospace and auto sectors.
Suggested reading on Patents :
- Goldman Sachs’ Blockchain Revolution with New Patent: Pioneering Financial Innovation
- Barclays seeks to patent blockchain stablecoin and KYC solutions
- This Australian Bank Completes World-First Stablecoin Cross-Border Transaction on Ethereum
- Broadridge Financial Solutions patents blockchain-based proxy-voting solution
- CoinRoutes Patent’ Groundbreaking Crypto Trading Platform: A Revolutionary Leap in Digital Asset Markets
