Graph Blockchain Secures Contract With Hyundai and IBM
Datametrex AI Limited is pleased to announce that its affiliate, Graph Blockchain Inc., has secured a contract through its distribution partner to deliver a prototype blockchain data management solution for Hyundai Motor Company and IBM Global, for approximately CAD $250,000. This is the 5th contract through IBM this year for Graph, totalling more than CAD $1.6 Million.
The data monitoring project for Hyundai was referred in furtherance to a larger successful negotiation between the Company and Hyundai Corporation, previously announced on 25 May 2018.
The prototype project will focus on enhancing Hyundai’s data monitoring systems, utilizing Graph’s Blockbed Modules for the solution development, which is a key component of the Private Blockchain System framework. The Blockbed assembly provides for rapid development of a blockchain solution that is customizable and scalable.
“Our continued success securing contracts with multi-nationals is always exciting, and this confirms our ability to deliver across divisions of related companies as a trusted enterprise solution. We aim to continue executing on our ‘land and expand’ strategy and anticipate the momentum will grow as we successfully deliver our product to each subsequent client,” says Peter Kim, CEO of Graph.
“As a major shareholder of Graph, we are excited to pave the road to winning these contracts. We had always stipulated that discussions among divisions of a multi-national conglomerate could provide a solid organic growth path for both DM and Graph, and with this contract, it’s evident that we are able to achieve this mutual goal,” says Jeff Stevens, COO and President of the Company.