1 day Ago By Jung So-yeon
November 21, 2024 - Merck, a leading science and technology company, has announced a collaboration with the Digital Trust Centre (DTC) at Nanyang Technological University, Singapore (NTU Singapore) to develop new digital trust technology aimed at enabling secure, automated, traceable, and efficient digital processes. A Memorandum of Understanding has been signed to formalize this partnership, which seeks to implement and deploy innovative trust technology solutions to facilitate the digital transformation of Singapore-based companies, particularly in critical and highly regulated industries. The collaboration, led by NTU's Digital Trust Centre in conjunction with Merck, will also promote the growth of digital-physical ecosystems that enhance digital trust throughout value chains.
"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 partnership will harness Merck's innovative multi-patented technology and the expertise of NTU's national research centre to implement solutions in key industries. By securely linking physical objects to digital identities, the platform will enable stakeholders to access and manage critical data effectively, fostering innovation, enhancing efficiency, and building trust for the present and future.
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