Merck KGaA and p-Chip Corporation collaborate in machine-to-machine value chains
Monica FergusonTechnology Electronics blockchain solution connected industrial value chains Darmstadt development agreement Germany machine-to-machine Merck KGaA p-Chip Corporation
Merck KGaA, Darmstadt, Germany and p-Chip Corporation join in an agreement to develop and implement a solution that offers 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, 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 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. While p-Chip micro transponder technology is used as a digital twin enabler for Merck KGaA using 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.