SMX (Security Matters) Public Limited Company - Class A Ordinary Shares (SMX)

Competitors to SMX (Security Matters) Public Limited Company - Class A Ordinary Shares (SMX)

Everledger

Everledger uses blockchain technology to prove the provenance of high-value assets, like diamonds and wine, paralleling SMX's focus on asset verification and security. Their established presence in niche markets such as luxury goods allows Everledger to attract premium clients and create tailored solutions, potentially placing them in a better competitive position against SMX in high-value asset tracking.

IBM Food Trust

IBM Food Trust is a blockchain-based platform designed to enhance transparency in food supply chains, which overlaps significantly with SMX's objectives in verifying product authenticity and security. IBM's extensive resources, partnerships with major food brands, and established technology infrastructure give it a significant competitive advantage, allowing it to scale solutions rapidly and effectively, whereas SMX is still building its market presence.

OriginTrail

OriginTrail offers a decentralized protocol for supply chain data exchange, which directly competes with SMX's innovative approach to product security and data integrity. Both companies leverage blockchain technology but OriginTrail specializes more in the knowledge graph aspect of data interoperability across supply chains, potentially giving them an edge in creating comprehensive ecosystems that data stakeholders can utilize.

Provenance

Provenance focuses on building trust in products by creating transparency through their digital platform, which is aligned with SMX's mission of enhancing product security. Both companies seek to create consumer awareness regarding ethical sourcing and product authenticity; however, Provenance has carved out a niche in the sustainable fashion industry which gives it a competitive advantage in appealing to consumers increasingly focused on ethical purchasing.

VeChain

VeChain utilizes blockchain technology to supply chain management and product lifecycle management, similar to SMX's goals of enhancing supply chain transparency and security through tokenization and traceability. Both companies focus on sustainability and digital identity for products, which creates a competitive landscape as they vie for partnerships with brands looking to improve their transparency in environmental and sustainability claims.