TORONTO, Nov. 19, 2018 (GLOBE NEWSWIRE) -- Graph Blockchain Inc. (“Graph” or “Company”) (CSE: GBLC) is pleased to announce that the company has received payment of CAD $300,000 for completing the development of the prototype solution for LG Electronics (“LGE”)’ global logistics platform contract, previously announced on August 15, 2018.
As stated in a press release on August 23, 2018, Graph is proud that it has quickly become a trusted blockchain solution provider for the global logistics market. The Company has secured prototype solution contracts with two multi-national conglomerates, including divisions of Samsung and LG through IBM Korea and a distribution partner, and continues to negotiate the previously announced MOU with KTNET, a Korean government Agency, to develop a blockchain-based global electronic trade services platform.
“Delivering the prototype solution and receiving payment from the LGE project demonstrates the continual accomplishments through our sales efforts. Successfully negotiating and executing contracts with multi-national conglomerates and becoming a trusted solution provider with some of the world’s largest electronics companies puts us on the map globally. We look forward to building on our success in Asia and expanding our reach into North America,” says Peter Kim, CEO of the Company.
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 their 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’s powerfully unique solution has translated into a high growth trajectory, with the company securing multiple prototype development contracts with multi-national conglomerates, and the opportunity to sell across client subsidiaries as a full enterprise product.
Additional information on Graph Blockchain Inc. is available at: www.GraphBlockchain.com
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For further information, please contact:
Peter Kim – CEO Graph Blockchain Inc.
Phone: (416) 482-3282 ext. 228
Email: pkim@graphblockchain.com
Forward Looking Statements:
The information in this press release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Although the Company considers these assumptions to be reasonable based on currently available information, the same may prove to be incorrect, and the forward looking statements in this press release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward looking statements. Although the Company believes that the expectations reflected in forward looking statements are reasonable, no assurance can be given that the expectations of any forward looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.