Source: Media Outreach
- 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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