Datametrex AI Affiliate, Graph Blockchain, Signs Deal With IBM And Hyundai
AI affiliate, Graph Blockchain, Signs Contract With Hyundai And IBM
Datametrex AI Limited is proud to announce that its joint venture, Graph Blockchain Inc, has signed a contract through its distribution partner for the delivery of a prototype data management solution for the two firms, Hyundai Motor Company and IBM Global. The deal is worth an approximate CAD 250,000 and for IBM the new agreement increases their contracts with Graph to worth more than CAD 1.6 Million this year.
Hyundai Motors intends to enhance its data monitoring systems by utilizing Graph's Blockbed Modules for the solution development. The Blockbed becomes a key component of Hyundai's Private Blockchain System framework that focuses on augmenting the data monitoring systems. Such a blockchain solution is easily customizable and scalable since the Blockbed assembly offers the rapid development necessary for data.
Peter Kim, President of Graph, confirms the new contract by saying:
“Our continued success in 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.”
President and COO of Datametrex AI Limited, Jeff Stevens, also gave his approval of the new contract development by adding:
“As a major shareholder of Graph, we are excited to pave the road to winning these contracts. We have always stipulated that discussions among divisions of a multi-national conglomerate could provide a solid organic growth path for both Datametrex and Graph, and with this contract, it is evident that we can achieve this mutual goal.”
The data monitoring project between Hyundai Motors and Graph was about a more substantial negotiations previously announced on May 25th. Datametrex AI Limited received its first order from Hyundai Corporation for the delivery of its blockchain solution for a division of the company.
About Graph Blockchain
Graph Blockchain Inc. operates as a blockchain development company providing leading-edge Graph database solution for enterprises, corporation and government agencies. Graph's enterprise platforms solutions deal in data analytics, data management, and business intelligence. The company's integration with IBM's Hyperledger Fabric solution saw it create a powerful immutable ledger that translated to a high growth trajectory. Graph Inc. has since secured multiple prototype development contracts with conglomerates from across the world. It's a joint venture company formed between Datametrex AI and Binine.
About Datametrex AI Limited
Datametrex AI Ltd. is a Toronto-based data company that focuses on collecting, analyzing, and presenting both structured and unstructured data using advanced techniques. The technology-focused company operates in line with four exciting technologies: Big Data, Artificial Intelligence, Machine Learning and Blockchain technology. Nexalogy is the firm's wholly owned subsidiary implementing these technologies across different industries. Graph Blockchain Inc is also an associate company but more focused on achieving blockchain technology to provide secure data transfers.
About Hyundai Motors Company
The South Korean automotive and electronic maker is the third largest vehicle manufacturer with subsidiaries such as Kia Motors and Genesis.