Merck KGaA, Darmstadt, Germany and p-Chip Corporation Collaborate to Improve Trust and Transparency in M2M Driven Industrial Value Chains
PR98606
Merck KGaA, Darmstadt, Germany and p-Chip Corporation Collaborate to Improve Trust and Transparency in Machine-to-Machine Driven Industrial Value Chains
CHICAGO, Nov. 3, 2022 /PRNewswire=KYODO JBN/ --
Merck KGaA, Darmstadt, Germany (
), a leading science and technology company, and p-Chip Corporation, a company
that is revolutionizing the tracking of physical products and materials with
its breakthrough microtransponder technology, today announced the conclusion of
a joint development agreement to develop and implement a new solution that
offers never-before-seen levels of digital trust in machine-to-machine
(M2M)-connected industrial value chains.
"The processes and technologies that power product development are evolving
rapidly," said Bill Eibon, CTO of p-Chip Corporation. "But methods for
monitoring those processes need to keep up with production technology. This
agreement will advance visibility, traceability and quality assurance to a
level that is not only revolutionary, but also absolutely necessary for the
machine-powered realities of our modern industrial value chains."
The blockchain solution of Merck KGaA, Darmstadt, Germany is a patented
technology that allows anchoring digital data with real-world objects by
leveraging crypto anchors to create crypto objects and therefore creating
digital twins. p-Chip microtransponder technology is used as a digital twin
enabler for Merck KGaA, Darmstadt, Germany empowering Digital Twin features
like digital traceability, human-machine collaboration, and complex processes
automation through Smart Contracts.
The joint development agreement focuses on advancing M2M visibility and
communication among thousands of companies and vendors.
About p-Chip Corporation
Since 2017, p-Chip Corporation has revolutionized the tracking of physical
products and materials with its breakthrough microtransponder technology.
Highly durable and small as a grain of salt, its p-Chip crypto anchor functions
like a digital twin for physical items, delivering breakthrough visibility and
security at a scalable price point. From pharmaceuticals to electronics,
automotive components to agricultural ingredients, companies worldwide rely on
patented p-Chip microtransponders to unlock business intelligence, protect
brand and product integrity, and enhance revenue. To learn more, visit
www.p-chip.com.
About Merck KGaA, Darmstadt, Germany
Merck KGaA, Darmstadt, Germany, a leading science and technology company,
operates across life science, healthcare and electronics. More than 60,000
employees work to make a positive difference to millions of people's lives
every day by creating more joyful and sustainable ways to live. From providing
products and services that accelerate drug development and manufacturing as
well as discovering unique ways to treat the most challenging diseases to
enabling the intelligence of devices -- the company is everywhere. In 2021,
Merck KGaA, Darmstadt, Germany, generated sales of 19.7 billion euro in 66
countries.
The company holds the global rights to the name and trademark "Merck"
internationally. The only exceptions are the United States and Canada, where
the business sectors of Merck KGaA, Darmstadt, Germany, operate as
MilliporeSigma in life science, EMD Serono in healthcare and EMD Electronics in
electronics. Since its founding in 1668, scientific exploration and responsible
entrepreneurship have been key to the company's technological and scientific
advances. To this day, the founding family remains the majority owner of the
publicly listed company.
Contact:
libby cortez
libby.cortez@p-chip.com
SOURCE p-Chip Corporation
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