TORONTO, April 23, 2019 (GLOBE NEWSWIRE) -- Graph Blockchain Inc. ("Graph" or "Company") (CSE: GBLC) is pleased to announce that the Company has completed building a blockchain solution for the agriculture and cannabis industry focusing on the cultivation environment. In addition to this development, the Company entered into a Memorandum of Understanding (“MOU”) with Ezfarm Inc. (“Ezfarm”) to utilize the Company’s Blockchain solutions for the collection and processing of data from the agricultural field.
“We have previously stated that we see a fantastic opportunity for blockchain technology and specifically Graph’s technology to improve the safety, efficiency and transparency in the global food industry. Being chosen by Ezfarm as partner in providing blockchain solutions for their agricultural clients further demonstrates that we are on the correct path. This represents our second food related opportunity following an MOU with a large Korean Conglomerate, LOTTE Data Communications, that was entered into through our largest shareholder Datametrex AI Limited (TSXV:DM). In this case, Graph will assist in developing a blockchain based solution for the importation of Canadian beef,” says Jeff Stevens, CEO of the Company.
About Ezfarm Inc.
Ezfarm is a Bigdata solution business founded in 2000 to lead agricultural development. Ezfarm provides field-oriented solutions that enable farmers, markets, and consumers to utilize data instantly in the changing agricultural environment with the rapid development of IT technology. Farmers are able to directly experience productivity improvement by actively adopting IT technology. Ezfarm key business areas include: Software Solutions, IT Services, R&D and E-Commerce. Some of their existing professional partners include; AgroVision, Hortonworks, Teshuva Agricultural Projects and Sound Talks
Additional information on the company is available at: www.ezfarm.co.kr
About Graph Blockchain Inc.
The Company develops leading-edge private blockchain business intelligence and data management solutions and is a pure play in the graph database technology space. Graph leverages its proprietary integration of the AgensGraph Database engine with IBM’s Hyperledger Fabric to create a transparent and immutable ledger with near real-time transactional data processing and intuitive data visualization. The Company has secured multiple prototype development contracts with multi-national conglomerates and sells across client subsidiaries as a full enterprise product.
Additional Information on the Company is available at: www.graphblockchain.com
For further information, please contact:
Jeffrey Stevens – CEO
Phone: (647) 400-8494
Email: jstevens@graphblockchain.com
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements. Such statements may prove to be incorrect and actual results may differ materially from those anticipated.
The forward-looking statements contained herein, including the timing of the Closing, the terms of the Transaction and the receipt of regulatory approval, are made as of the date of this press release and are based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking statements are made.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.