Cointime

Download App
iOS & Android

Merck KGaA, Darmstadt, Germany and p-Chip Corporation Collaborate to Improve Trust and Transparency in M2M Driven Industrial Value Chains

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 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.

Comments

All Comments

There are no comments yet, why not be the first?

Recommended for you

  • Bitcoin Ecosystem Income Network Corn Announces $8.3 Million Community Funding

    Bitcoin ecological income network Corn announced the completion of an $8.3 million community financing round through the Legion platform, attracting a total of 675 new investors. The project party verified user social and on-chain activities from projects such as Babylon Labs, Arbitrum, and Kaito through the Legion platform. This round of financing received 4,287 applications from 102 countries, with a total application amount of $69 million, oversubscribed by 7 times.

  • Crypto exchange GRVT completes $5 million financing, led by Further Ventures

    GRVT, a ZKsync hybrid encryption exchange, has completed a $5 million financing round with Further Ventures leading the investment.

  • CointimeSG ·

    We Control $Trump Now

    With great allocation comes great responsibility, or you risk pitchforks.

  • BTC falls below $108,000

    the market shows that BTC has fallen below $108,000 and is now trading at $107,997.19 with a 24-hour increase of 2.91%. The market is fluctuating greatly, so please be prepared for risk control.

  • Blockchain-based animation platform Oshi completes $12.5 million financing, led by Polychain Capital and others

    On January 20th, Oshi, a blockchain-based anime platform, announced the completion of a $12.5 million financing round, led by Polychain Capital and Superscrypt, with participation from Folius Ventures, Sfermion, The Spartan Group, Nomad Capital, CMT Digital, and others.

  • CointimeSG ·

    El Salvador’s Secret Weapon? Its Extensive Bitcoin Education Program, Says Stacy Herbert

    A positive feedback loop is being created between El Salvador’s bitcoin education programs and crypto companies looking for a friendly jurisdiction.

  • AI-driven crypto analytics platform Mind AI completes $1.2 million in funding, with participation from Lunar Labs Capital and others

    the AI-driven encryption analysis platform, Mind AI, has completed a $1.2 million financing round with participation from Castrum Istanbul, Dewhales, SMO Capital, Metazero Capital, X21 Digital, Zephyrus Capital, AlfaCatalyst, Maven Capital, Unicorn Ventures, and Lunar Labs Capital. The platform aims to solve problems such as information overload and unreliable KOL advice in the encryption industry. The new funds are intended to support the construction of AI and machine learning-based aggregation and analysis tools for on-chain and off-chain data, providing investors with feasible digital asset market analysis and decision-making.

  • Open source economic infrastructure Merit Systems completes $10 million seed round of financing, led by a16z crypto and others

    Merit Systems, an open-source economic infrastructure, has completed a seed round of financing of $10 million, led by a16z crypto and Blockchain Capital, with participation from Solana co-founder Toly, Not Boring Capital founder Packy McCormick, Farcaster co-founder Dan Romero, and Framework Ventures co-founder Vance Spencer. The funds raised will be used to accelerate the development of open-source economy.

  • AI code editor Cursor completes $105 million Series B financing

    On January 17th, AI code editor Cursor announced the completion of a $105 million Series B financing round, with investors including Thrive Capital, Andreessen Horowitz, and Benchmark. This round of funding will be used to expand the team and conduct cutting-edge research, promoting the development of "human-machine collaborative programming" mode and significantly improving programming efficiency.

  • MegaETH Ecosystem DEX Platform GTE Completes $10 Million Financing

    Global Token Exchange (GTE), a decentralized trading platform on the MegaETH blockchain, has raised $10 million in three rounds of financing. This includes $1.5 million in pre-seed financing, $6.942 million in seed financing, and $2.5 million in community financing, the latter of which was conducted on the Echo platform founded by cryptocurrency trader Jordan Fish (also known as Cobie).