Datametrex Graph Blockchain Builds a Prototype Blockchain Solution for Electric Vehicle Charging Stations
18 December 2017 - 11:30PM
Datametrex AI Limited (the “
Company” or
“
Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to
announce that its Joint Venture (“JV”) Graph Blockchain Limited
with its San Francisco based partner, Bitnine Global Inc. have
commenced building a prototype Blockchain and Graph Database
solution to monitor data at electric vehicle charging stations.
Graph Database and Blockchain technology
provides a unique way of organizing, analyzing and displaying
Blockchain transactional data in real-time. The power utility
company will make effective use of Datametrex Blockchain’s
implementation of metadata, Graph database, and Blockchain
solutions. Our Graph Database technology presents Blockchain data
up to 1,000 times faster than traditional methods from 7
transactions per second (“TPS”) to 7,000 TPS. It is the most
effective technology to store, manage and present Blockchain
transactions specifically in peer to peer networks making it ideal
for Fintech, Banking and other mission critical environments.
A key concept of the system is the Graph, which
when compared with traditional relational databases is much faster
and more efficient when searching key information several levels
deep. Graph databases store data as entities and relationships, by
making it much easier and quicker to analyze information. They can
provide a much quicker way to analyze and present the data from a
Blockchain from transaction to transaction
“As we roll-out our data and AI platforms
through our recent acquisition of Nexalogy in a number of new
markets, the value of Graphical database and Blockchain technology
become even more prevalent. Graph Blockchain’s solutions fill a
huge gap in the business intelligence marketplace by authenticating
and validating structured and unstructured data, and presenting it
more effectively than before," says Andrew Ryu, Chairman and CEO of
the Company.
About the Company
Datametrex AI Limited is focused on the
collection of retail sales data, providing Government Agencies and
Fortune 500 corporations with Artificial Intelligence solutions and
implementing Blockchain technology for secure data transfers and
cryptocurrency mining.
Visit: www.datametrex.com.
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For further information, please
contact:
Jeffrey Stevens – President &
COOPhone: (647)
400-8494Email: jstevens@datametrex.com
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Forward-Looking Statements
This news release includes certain
forward-looking statements within the meaning of Canadian
securities laws. Such forward-looking information and statements
are not representative of historical facts or information or
current condition, but instead represent only the Company`s belief
regarding future events, plans or objectives, many of which, by
their nature, are inherently uncertain and outside of the Company’s
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Generally, such forward-looking information or
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“might” or “will be taken”, “will continue”, “will occur” or “will
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The forward-looking information contained herein
includes, but is not limited to, information with respect to
prospective financial performance, anticipated capital funding and
sources, proposed or potential acquisitions, estimated operating
and sales costs, estimated market drivers and demand, business
prospects and strategy, new markets for growth and financial
position. By identifying such information and statements in this
manner, the Company is alerting the reader that such information
and statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
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Although the Company believes that the
assumptions and factors used in preparing, and the expectations
contained in, the forward-looking information and statements are
reasonable, undue reliance should not be placed on such information
and statements, and no assurance or guarantee can be given that
such forward-looking information and statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such information and
statements. Accordingly, readers should not place undue reliance on
any forward-looking information or statements contained in this
press release.
The forward-looking information contained in
this press release is made as of the date hereof, and the Company
does not undertake to update any forward-looking information that
is contained or referenced herein, whether as a result of new
information, future events or otherwise, except in accordance with
applicable securities laws. All subsequent written and oral forward
looking information and statements attributable to the Company or
persons acting on its behalf are expressly qualified in its
entirety by this notice.
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