- Partnership aims to deploy and accelerate Merck’s innovative digital-physical trust platform and supporting the growth of an ecosystem in key and regulated industries
- Helps to strengthen Singapore’s position as a leader in digital trust technologies within the Industrial Internet of Things market
- Further Merck’s digital footprint in Singapore following Merck Digital Hub launch in January 2024
SINGAPORE – Media OutReach Newswire – 21 November 2024 – Merck, a leading science and technology company, and Digital Trust Centre (DTC) at Nanyang Technological University, Singapore (NTU Singapore) are collaborating to pioneer a new digital trust technology designed to enable secure, automated, traceable and efficient digital processes. A Memorandum of Understanding was signed to seal the partnership which aims to implement and deploy innovative trust technology solutions to drive the digital transformation of Singapore-based companies, particularly in key and highly regulated industries. The partnership, which sees NTU’s efforts led by its Digital Trust Centre alongside Merck, will also accelerate the growth of digital-physical ecosystems that foster digital trust in value chains.
From
L
to
R:
Celine
Glipa
(VP,
Head
of
Business
Innovation
Excellence
at
Merck),
James
Kugler
(Chief
Digital
Officer
at
Merck
and
CEO
EMD
Digital),
Laura
Matz
(Chief
Science
&
Technology
Officer
of
Merck
and
CEO
of
Athinia),
Prof.
Professor
Lam
Kwok
Yan
(Executive
Director,
Digital
Trust
Centre),
Dr.
Chi
Chi
Hung
(Senior
Principal
Research
Scientist,
Digital
Trust
Centre),
Matthias
Simnacher
(Market
Development
Director
at
Merck).
“As
regulatory
expectations
rise,
businesses
must
maintain
trust
and
compliance,
and
evolve
from
traditional,
human-dependent
quality
control
to
data-driven
decision-making
in
the
Industrial
Internet
of
Things
(IIoT).
Singapore
has
an
exceptional
digital
business
landscape
and
a
strong
commitment
to
digital
transformation,”
said
James
Kugler,
Chief
Digital
Officer
of
Merck
and
CEO
of
EMD
Digital.
“We
are
excited
to
introduce
our
digital-physical
trust
technology
to
Singapore,
the
first
in
Asia
Pacific.
With
this
collaboration
with
DTC,
Merck
brings
another
innovative
digital
business
technology
to
Singapore,
further
expanding
Merck’s
digital
business
within
less
than
one
year.”
“At NTU’s Digital Trust Centre, we are dedicated to advancing the frontiers of digital trust through cutting-edge research and innovation. This partnership with Merck aligns with our mission to develop scalable solutions that enhance trust in digital-physical ecosystems. By leveraging NTU’s expertise in trust technologies and computer science, and Merck’s pioneering technology, we aim to drive impactful solutions for industries that require the highest levels of security and transparency,” said Professor Lam Kwok Yan, NTU Singapore’s Associate Vice President (Strategy & Partnerships), and Executive Director, Digital Trust Centre.
This collaboration with NTU’s DTC will leverage Merck’s innovative multi-patented technology and the national research centre’s expertise to implement solutions in key industries. By reliably anchoring physical objects to digital identities, the platform enables stakeholders to securely access and manage critical data, fostering innovation, enhancing efficiency and building trust for today and the future.
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The issuer is solely responsible for the content of this announcement.
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