Blockchain
SMX Launches Blockchain Solution for Enhanced Supply Chain Transparency
SMX Public Limited Company has introduced a pioneering blockchain-based reporting system designed to elevate supply chain transparency and compliance, with a particular focus on the natural rubber sector. This innovative platform amalgamates data from various sources, offering real-time monitoring and a comprehensive dashboard aimed at supporting adherence to the EU Deforestation Regulation (EUDR).
The newly launched system by SMX is set to revolutionize how companies in the natural rubber industry manage their supply chains. By integrating data from multiple origins, the platform provides users with real-time insights and a detailed dashboard that facilitates monitoring and ensures compliance with the stringent requirements of the EUDR. This move towards digitalization not only enhances transparency but also simplifies the complex process of maintaining compliance with ethical sourcing and sustainability standards.
One of the key benefits highlighted by SMX is the significant reduction in audit costs that the new system promises. Traditional methods of ensuring supply chain transparency and compliance often involve extensive manual audits, which can be both time-consuming and costly. The blockchain-based system streamlines this process, reducing the need for frequent audits and thereby lowering associated costs. Additionally, by automating many aspects of compliance monitoring, the platform boosts overall productivity, allowing companies to allocate resources more efficiently.
SMX’s blockchain solution is not only about compliance but also emphasizes the importance of ethical sourcing and sustainability within the supply chain. The platform’s ability to provide real-time data and comprehensive monitoring tools helps companies ensure that their sourcing practices align with environmental and ethical standards. This is particularly crucial in industries like natural rubber, where supply chain transparency can significantly impact environmental conservation efforts.
The introduction of SMX Public Limited Company’s blockchain-based reporting system marks a significant advancement in supply chain management for the natural rubber industry. By providing a platform that integrates data from multiple sources and offers real-time monitoring, SMX enhances compliance with the EU Deforestation Regulation while also reducing audit costs and improving productivity. Furthermore, the system’s focus on ethical sourcing and sustainability underscores the company’s commitment to fostering responsible business practices. As the industry continues to navigate the complexities of global supply chains, innovations like SMX’s blockchain solution are poised to play a critical role in ensuring transparency and compliance.
Source: cointrust.com
The post SMX Launches Blockchain Solution for Enhanced Supply Chain Transparency appeared first on HIPTHER Alerts.
The European Union’s landmark MiCA regulation is set to transform the crypto industry, establishing stringent standards that many current Virtual Asset Service Providers may find challenging to meet. As MiCA compliance becomes the standard for operating within the European Economic Area, crypto exchanges and asset companies must take prompt action to align their operations with these comprehensive regulations.
To support businesses in navigating this significant transition, an exclusive webinar “Adapt or Die: The Urgent Shift from VASP to MiCA” will be held on Tuesday, November 19th, 2024, at 5:00 PM (CET) time.
This session is designed to provide industry professionals with practical insights and strategies to ensure their software and operations comply with MiCA standards.
Key highlights of the webinar include:
● Detailed analysis of MiCA regulations and their implications for the crypto sector.
● Actionable steps for software adaptation to achieve MiCA compliance.
● Case study feature: How Kyrrex achieved MiCA readiness using solutions from Simplify Labs.
● Practical tools for Anti-Money Laundering, Know Your Customer processes, cybersecurity, and transaction monitoring.
The webinar will be useful for CEOs, COOs, Compliance Officers, Regulatory and Legal Professionals, Tech Managers, and Investors looking to enter or expand within the EEA market. Attendees will gain the knowledge and tools necessary to adapt and thrive under the new MiCA regulatory framework.
Featured speakers:
Vadim Rozov, CEO at Simplify Labs, brings over 20 years of management and software development experience. Under his leadership, the company is dedicated to simplifying crypto and blockchain technology, making it accessible for non-technical founders and management teams.
Kevin Plumpton, CEO at Kyrrex, is a warranted advocate with extensive expertise in finance, business, property, and international law. He specializes in corporate governance, risk, and compliance legislation, and is a prominent figure in the Anti-Money Laundering and Counter Financing of Terrorism fields. He is recognized for developing innovative KYC and due diligence platforms utilized by leading organizations.
“The crypto industry is at a critical juncture where understanding and adhering to MiCA regulations is essential for continued growth and market access,” said Kevin Plumpton, CEO at Kyrrex. “Events like these are vital for bringing together industry leaders to share knowledge and best practices, ensuring businesses can adapt effectively and sustain their operations.”
Franklin Cachia, Executive Director at CSB Group, is an accomplished professional who advises clients on taxation, financial services, AML compliance, and corporate law, among other areas. His broad expertise also encompasses gaming, GDPR, and property law.
The post Adapt or Die: The Urgent Shift from VASP to MiCA appeared first on .
Blockchain
Global Collaboration and Elite Team Drive: TwyAe Advances into the New Era of Crypto Finance
TwyAe Exchange
SILEGX Exchange
-
Blockchain Press Releases7 days agoNotabene Raises $14.5M in Series B Funding Led by DRW VC to Drive the Future of Stablecoins and Payments
-
Blockchain Press Releases5 days agoVantage Markets Named Leading Broker in Investing.com’s Latest Rankings for 2024 during the US Election Period
-
Blockchain5 days agoMoney Transfer Apps Industry Worth $47.67 Billion by 2029 – Regional Markets Analysis and Profiles of Leading Players PayPal, Western Union Financial Services, Wise Payments, Remitly, WorldRemit, Revolut & More
-
Blockchain Press Releases5 days agoBlockchain for Good Alliance Hosts Web3 Oscar, Celebrating Innovators Advancing UN’s Sustainable Development Goals
-
Blockchain Press Releases6 days agoBybit WSOT 2024 Shatters Records with $100 Billion in Trading Volume, Redefining Crypto Trading Competition
-
Blockchain Press Releases5 days agoVantage Australia Celebrates 15 Years of Trading Innovation with Groundbreaking Anniversary Video
-
Blockchain4 days ago
This Week in Finance News: 11 Stories You Need to See
-
Blockchain7 days ago
LAUD Announces Data-Driven Marketing Solutions to Empower Fintech Companies
