Here is an extract!Security Matters’ founder and CEO Haggai Alon...

Here is an extract!

Security Matters’ founder and CEO Haggai Alon said the company will use the funds to further its commercialisation strategies with international partners.“With this additional funding, we take another step towards fulfilling our vision to create a digital twin to any physical object and becoming the global record of physical goods,” Mr Alon said.The company’s share price is up 200 per cent since the end of January, following the release of its quarterly financial performance and a number of key announcements.Earlier this month, it signed an agreement with The Perth Mint, to apply its blockchain technology for the purpose of tracking and storing gold through the Mint’s entire supply chain.And the latest round illustrates the market’s confidence in SMX’s proprietary tracking technology to enhance supply-chain logistics.Products are ‘marked’ with an invisible barcode that is then read and automatically stored on a blockchain record. The chemical-based technology can be applied across solids, liquids or gas.Along with the Perth Mint, SMX has demonstrated that its technology has potential applications across multiple industries including electronics to agriculture.