Security Matters, a brand protection, supply chain integrity and blockchain company, has signed an agreement with German identification solutions provider, Veridos.
Veridos, founded by the two largest German high end security technology providers, Giesecke+Devrient and Bundesdruckerei, combines specialist expertise and many years of experience to offer customers a unique product portfolio of security solutions utilised by the government, immigration departments and commercial sectors.
The agreement is to commence a proof of concept pilot project to explore how SMX’s pioneering technology can be incorporated into two of Veridos’ ID systems by embedding additional multi-layered security into ID document.
The project is to assess how the technology can be used to enhance the security and reliability of all documents used for identification purposes, including international travel.
The project’s expected successes will in turn increase the safety and efficiency of airports, international immigration departments and the global identification market.
The project is expected to commence in February 2019 and is expected to be complete within four months.
Security Matters CEO and co-founder Haggai Alon said the company’s core IP was originally developed by the government of Israel and the sighing of this agreement demonstrates how versatile the technology is.
“We have been successful in developing the technology even further, allowing for it to be used by governments and security agencies globally.”