Supply chain integrity specialist Security Matters Limited (ASX: SMX) has lodged a patent application in the USA pertaining to materials and methods used in the marking, classification and identification of seeds and plants, with a particular focus on Cannabis.
The patent covers the use of SMX’s chemical solution for marking plants that can be completed during any of the six stages of plant growth and plant cultivation, as well as directly to the seed prior to planting.
The marking solution can be applied to the seed or plant via a coating, irrigation and fertilisation method and is used for product authentication, supervision and supply chain management of the plant and plant by-products.
Haggai Alon, Founder and CEO pf Security Matters, said the solution can be applied to mark, track and manage the supply chain of cannabis plants, cannabis products and products containing cannabis derived ingredients, in particular.
“The two key considerations for any cannabis company are the ability to trace its origin and to control and monitor its content to establish in which application the final product will be used,” Mr Alon said.
“SMX’s technology has the ability to do this and can ensure both needs are met without the requirement for complex genetic modification or negative impact to the cannabis seed, plants or plant products.
“This patent application supports SMX’s business model, to partner with global leading companies, and indicates our ability to create a digital twin from raw material to finished product.”
Mr Alon said the lodgement of this patent secures SMX’s pioneering technology and provides a platform to advance and expand operations within the agricultural and cannabis sectors, providing an end-to-end security and transparency solution with information kept securely on the blockchain for SMX customers.