SMX, FinGo enter collaboration mandate to develop ‘Phyiscal to Digital’ platform

SMX announces its collaboration mandate with Sthaler Ltd, which markets FinGo. Together, they are developing a centralized reporting platform that will authenticate and ensure transparency from the source – whether it be a field, mine, or farm – through the entire supply chain for Natural Rubber, Commodities, Food, and Mining industries. SMX believes the global marketplace is becoming increasingly complex, and businesses face rising pressure to comply with stringent environmental, social, and governance regulations. This pressure could result in companies ensuring that their supply chains are ethical, compliant with government regulations, and able to report data accurately in real time. This collaboration mandate, the first step in a planned broader relationship between SMX and Sthaler, is meant to address the complex challenges faced by multinational corporations in meeting ESG compliance and reporting requirements, specifically those related to: Ethical sourcing of materials; Child labour, conflict minerals; Use of chemicals and pesticides; Location identification of farms and farmers; EU Deforestation Regulation reporting compliance. This collaboration mandate, which runs on a three month review cycle, is expected to mark a transition from manual and paper-based auditing to real-time digital reporting, reducing compliance and audit costs, lowering reputational risks, and enhancing overall productivity across supply chain operations. In addition, it is expected to offer a practical, scalable, and commercially viable solution to modern supply chain challenges. Additionally, it is expected that the platform will also facilitate enhanced visibility and reporting, assisting businesses in complying with regulations like EUDR.