TORONTO, June 24, 2019 (GLOBE NEWSWIRE) -- Graph Blockchain Inc. ("Graph" or "Company") (CSE:GBLC) is pleased to announce that the Company has secured a contract through its in country partner for the Ministry of Transportation in Seoul, South Korea. The contract is for approximately $55,000 CAD and is a pilot project to store traffic data on the blockchain as part of the Smart City initiative.
"This is an exciting opportunity for our Company to introduce Graph Database Blockchain solutions to the Ministry of Transportation. We look forward to delivering a solution that will streamline and protect data for their smart city initiatives. The team is doing a fantastic job securing new business opportunities with multi-national corporations and government agencies, this will provide a strong foundation as we continue to search for gaming opportunities that will expand and diversify the Company for our shareholders," says Jeff Stevens, 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 its proprietary integration of the AgensGraph Database engine with 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
Forward Looking Statements
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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.
Source: Graph Blockchain Inc.