Merck KGaA and p-Chip Corporation Announce Joint Development Agreement to Enhance Digital Trust in M2M Industrial Value Chains

ChicagoNovember 7, 2022/PR Newswire/ -- Leading Technology CompanyMerck KGaA, Darmstadt, Germanyp-Chip Corporation, which brings innovation to the tracking of physical products and materials through its breakthrough micro-responder technology, today announced a joint development agreement to create and implement a new solution that provides an unprecedented level of digital trust in the machine-to-machine (M2M) connected industrial value chain.

Bill Eibon, Chief Technology Officer of p-Chip Corporation, said: "The processes and technologies driving product development are evolving rapidly. However, the methods for monitoring these processes need to keep pace with production technologies. This agreement will elevate visibility, traceability, and quality assurance to a level that is not only revolutionary but absolutely essential for the machine-driven reality of our modern industrial value chain."

The blockchain solution from Merck Group in Darmstadt, Germany, is a patented technology that creates cryptographic objects by utilizing cryptographic anchoring techniques to generate digital twins, thereby anchoring digital data to physical-world objects. The p-Chip microtransponder technology will serve as the digital twin enabler for Merck Group in Darmstadt, Germany, facilitating digital twin functionalities such as digital traceability, human-machine collaboration, and automation of complex processes through smart contracts.

The focus of the joint development agreement is to advance M2M visibility and communication among thousands of companies and suppliers.