Datametrex AI’s JV Company Receives Second Payment From IBM

Datametrex AI (TSXV:DM) has announced that its JV company, Graph Blockchain, has completed the first prototype phase for KB Life Insurance and received its first payment from IBM (NYSE:IBM).

As quoted in the press release:

GBC provides an update on the progress of the prototype solution for KB, which was referred in partnership with IBM Global Asia, acknowledging that it has surpassed a completion milestone earlier in the month, with the prototype passing several development test points with no discernible issues.  This project milestone triggered an initial 50% payment of the total agreement amount of approximately $350,000 CAD.  As of the date of this press release, approximately $200,000 CAD has been received by GBC.

“I’m very proud of our project management and development teams for keeping our timeline commitments to our clients and ensuring the project is on track.  Passing critical test points was a key indication of the progress, which solidified our client’s confidence in our solution through the milestone payment for the contract,” says Peter Kim, President and COO of Graph.

Click here to read the full press release.