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TORONTO, 22 August 2018 (GLOBE NEWSWIRE) – Datametrex AI Limited (" Company " or " Datametrex ") (TSXV: DM) (ESF: D4G) is pleased to announce that its Joint Venture company, Graph Blockchain Limited (" Graph ") has signed a Memorandum of Understanding (" MOU ") with the Korean Trade Organization, KTNET to develop and implement a blockchain-based electronic business platform for KTNET.
KTNET was founded in 1989 by the Korean government and funded by the Korean International Trade Association (KITA). KTNET provides automation services for all the complex processes of exporting and importing businesses through the creation of a commercial paperless infrastructure, achieving economic effects that reach 5.57 billion dollars a year. Through a commercial system that connects about 97,000 customers and trade-related organizations, including commercial companies, banks, customs brokers, insurance companies, freight forwarders and time deposits, KTNET has digitized 614 types of export and import documents in G2B and B2B sectors and produces an annual average of 370 million cases of paperless documents.
"This is a tremendous opportunity for Graph to work with a government agency to develop the blockchain component for automation of e-commerce in Korea. We can not wait to finalize the & # 39; 39 final agreement with KTNET as this will create a new international trading platform on which Graph can build, "says Andrew Ryu, Chairman and CEO of the Company.
About Graph Blockchain Limited
Graph Blockchain is about to be listed as a public company on the Canadian Stock Exchange, through a reverse-takeover, obtaining a pre-financing valuation of about $ 39 million CAD (click here for more information). The graph began as a joint venture formed between Datametrex and Bitnine, with the mandate to bring the value of the Graph Database technology into the blockchain environment where there is a great need to improve performance and present verified data and authenticated in unique ways. [19659003] About Datametrex
Datametrex AI Limited is a technology focused company with exposure to four vertical exciters. Big data, artificial intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Implementation of the Blockchain technology for secure data transfers through its joint venture Graph Blockchain Limited (www.graphblockchain.com). Extraction of cryptocurrencies on an industrial scale through its wholly owned subsidiary, Ronin Blockchain Corp. (www.roninblockchain.com).
More information on Datametrex is available at: www.datametrex.com
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For further information, please contact:
Jeffrey Stevens – President and COO
Telephone: (647) 400-8494
Email: jstevens @ datametrex. com
Neither the TSX Venture Exchange nor its regulatory service provider (as defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Statements
This press release contains "forward information" in view of "the application of the applicable laws on Canadian securities." Forward-looking information is not a guarantee of future performance or performance, as they involve risks and uncertainties There is no guarantee that forward-looking statements will prove to be accurate, and actual results and future events may differ materially from those anticipated in forward-looking statements. , the Company does not explicitly assume or waive any obligation to update forecast information, which is applicable only on the date it was provided.
