6 of the top 10 pharmaceutical companies embrace Spherity’s digital credentials for enhanced security and compliance
- Spherity
- Nov 14, 2024
- 2 min read
Dortmund, GER — November 14, 2024 — With the upcoming Drug Supply Chain Security Act (DSCSA) deadline, 6 of the top 10 pharmaceutical companies in the world have partnered with Spherity, a leader in secure digital identity solutions. This collaboration aims to enhance data security, streamline compliance, and ensure the integrity of the U.S. pharmaceutical supply chain.
These companies have committed to adopting Spherity’s digital credentials. These credentials will provide verifiable and interoperable digital identities, enabling secure and transparent data exchanges across the supply chain with Authorized Trading Partners (ATP’s).
Spherity’s innovative technology leverages self-sovereign identity (SSI) to create secure digital credentials that comply with Open Credentialing Initiative (OCI) / Partnership for DSCSA Governance (PDG) standards. By integrating Spherity’s solutions, these pharmaceutical giants aim to strengthen their cybersecurity measures, ensure compliance with regulatory requirements, and protect their intellectual property from unauthorized access and use.
“We are excited to collaborate with leading pharmaceutical companies to deliver our state-of-the-art digital identity solutions,” said Carsten Stöcker, CEO at Spherity. “Our technology will empower these companies to establish secure data sharing and uphold the trust and integrity of their digital interactions. Additionally, we are beginning to see how credentials can be utilized to create a single source of truth for master data within the decentralized DSCSA ecosystem, enhancing data quality and reducing costs associated with resource-intensive exceptions.”
This collaboration marks a significant step forward in the pharmaceutical industry’s ongoing efforts to safeguard sensitive information and protect their brands from cyber threats. With Spherity’s digital credentials, these companies can confidently navigate the complexities of the modern digital landscape and ensure the highest levels of security and compliance.
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About Spherity
Spherity, a global pioneer in digital identity software, aims to revolutionize secure identity integration for enterprises, machines, products, data, and algorithms. The company's vision centers on leveraging self-sovereign identity (SSI) to streamline compliance processes in accordance with regulations related to data protection and data security. Spherity offers products tailored for supply chains: providing authentication and authorization solutions for the US pharmaceutical supply chain and the Digital Product Passport solution for various industries, mandated by the European Commission.
