Patented technology provides a solution for secure anchoring of physical objects in the digital world
According to a press release available to BTC-ECHO, the new technology will leverage machine learning. The company wants to connect physical objects with a block chain using identification features. As such should serve as chemical signatures, DNA or image patterns.
The company wants to address the need for improved supply chain integrity. According to the press release, more than half of the drugs purchased on illegal websites are supposed to be counterfeit. The combination of blockchain technology and machine learning should also be counteracted. De Paoli is happy:
This novel technology, which combines physical objects with a blockchain, supports the security interests of enterprises and their products by providing new supply chain tracking options through block chain, Internet of Things, and networked workflow environments. In addition, it is likely to eliminate inefficiencies in existing systems of companies.
Merck is developing the technology within its Merck Innovation Center in a specially designed project. However, the goal is to develop ideas for viable new business areas beyond the current spectrum of the company. Finally, to efficiently promote and scale innovation projects, Merck aims to provide targeted support, clear governance, and decision-making in a secure, start-up-like environment.
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