Graph Blockchain CEO: We Will Disrupt the Global Food Supply Chain with Blockchain
Graph Blockchain CEO Peter Kim provides insight into what makes his company unique and the blockchain- and analytics-based solutions it is deploying across multiple industries.
According to Graph Blockchain (CSE:GBLC) CEO Peter Kim, blockchain technology can play a significant role in the realm of food safety, and that is a solution that the company is working to deploy in South Korea and in Canada.
In an interview conducted at this year’s Cantech Investment Conference in Toronto, Kim described the company’s role as an enterprise application solution business, which has garnered clients such as Samsung (KRX:005930), LG Electronics (KRX:066570) and Hyundai (KRX:005380).
He also addressed Graph Blockchain’s ongoing project to help ensure food safety throughout the global supply chain.
Below is a transcript of our interview with Graph Blockchain CEO Peter Kim. It has been edited for clarity and brevity.
Investing News Network: What are the three most important things investors should know about your company?
Graph Blockchain CEO Peter Kim: What investors should know about Graph Blockchain is how our solution is positioned within the blockchain space. We are an enterprise application solution company and our solutions go to the reporting stage, using a graph database to provide companies with business intelligence and analytics.
Investors should also make note of what we have achieved operationally in under a year. We have put together $1.6 million in revenue so far, with marquee clients such as Samsung, LG Electronics and Hyundai.
More importantly, to protect our intellectual property (IP), we are in the process of building an IP portfolio, including two patents that have been approved by the Korea Intellectual Property Office, two that are pending with the United States Trademark and Patent Office (USTPO), and ten additional patent applications.
INN: What is one thing that makes your company unique?
PK: One of the things that make us unique is the strength of our relationships within South Korea. This expands beyond IBM Global Services Asia and into the realm of our market clients like Samsung, LG and Hyundai. Beyond that, we were recently invited by the Canadian consulate to attend a conference with the fifth-largest conglomerate in South Korea, Lotte. This took place due to the unique nature of the relationships we maintain and the validity of our solutions.
INN: What is one major near-term milestone or catalyst investors should be on the lookout for?
PK: One of our near-term catalysts is the work we’re doing within the global food supply chain management area. Within this sector, we’re working towards being a disruptive force and anticipate being a global leader. On any given day or night, a Canadian family will eat food from up to four different countries.
What we’re doing, starting with our involvement with the Canadian consulate in South Korea and Lotte, is focus on the safety of imported foods, with beef in particular. We also want to apply this approach for Canada so that we can ensure that consumers are getting safe food, that retailers are providing the correct information and making sure that food is safely delivered, and that farmers are using the most efficient processes. With this implemented, in the case of an e-coli breakout, it wouldn’t affect every farm, but the source would be isolated and quarantined, reducing waste and improving cost efficiencies.
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