Perth Mint enlists SMX for blockchain-based ethical gold supply chain solution

The Perth Mint has announced partnering with Australian Securities Exchange (ASX)-listed Security Matters (SMX) on a “mine-to-marketplace ethical gold supply chain assurance” solution. The supply chain-focused blockchain technology company said that following regulatory approvals, the initiative would lead to the formation of “trueGold”, which has been in the works for two years. Security Matters and the Mint would then commence the development of a “high-tech proprietary supply chain solution” that utilises the former’s blockchain technology. “This is a particularly significant development given the increasing focus on environmental, social, and governance practices across the world pertaining to the gold supply chain,” Perth Mint CEO Richard Hayes said.