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Australia’s SMX To Trace Cottons Produced In Israel Using Blockchain

March 25, 2021
in Australian Crypto News
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Israeli Cotton Board (ICB) has partnered with an Australian blockchain authentication platform, Security Matters (SMX), to trial the traceability of both organic and conventional cotton produced in the country. According to the report by Ecotextile, the collaboration comes as part of ICB’s broader plan to ensure sustainability and genuineness of cotton grown in Israel. 

Israel to Trace Cotton on Blockchain

As part of the pilot program, the Australian blockchain company will trace organic and conventional cotton production from the cultivation and field stage. SMX will also use blockchain to authenticate the origin of the cotton produced and provide full transparency in the byproducts’ value chain and life cycle for recycling. 

If successfully completed, SMX’s blockchain platform will be adopted by all the cotton growers in the country, per the report. 

For cotton growers in Israel, sustainability is not a fad but a way of life. […] We believe in harnessing advanced technologies like SMX to protect and benefit our growers and enable our customers to obtain digital blockchain certification and be able to tangibly verify that the cotton purchased from ICB is 100% BCI certified and the conventional and organic cotton grown in Israeli is genuine.

Yizhar Landau, ICB’s chief executive 

Supply chain management is one of the major areas where blockchain technologies can play a significant role. The traceability and authentication of products essentially help to boost consumer confidence.

This project is not the first of its kind in Australia. Earlier this year, Australian Wool Innovation (AWI) partnered with Everledger to develop a Proof-of-Concept (PoC) aimed at mapping on the blockchain any wool produced in the country. Noteworthily, Australia is the world’s leading wool producer, accounting for about 90 percent of the wool used worldwide.

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The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.

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