Datametrex’s Joint Venture Graph Blockchain Announces Application of 4 Patents With Patent and Trademark Offices

Datametrex (TSXV:DM) has announced the filing of two patents through its joint venture, Graph Blockchain, with the US Patent and Trademark officer in connection with filing the Korean Intellectual Property Office.

As quoted in the press release:

The patents are related to the proprietary methodologies, processes and algorithms which focus on the enhancement of transactional performance, for private blockchains. This includes data gathering and throughput, optimizing and presenting to the User Interface (“UI”) Dashboard at rates that are considerably faster than traditional relational systems. The patents primarily address the transactional processing speed of the blockchain and the speed of how data is then displayed.

“Building on the positive momentum we have seen through the contracts with major global and national conglomerates in South Korea, and our growing solution-based business with Canadian companies, particularly with the rapidly rising Cannabis industry, this is the next step to further confirming our proficiency in the private blockchain space. I’m very excited about the expanding prospects that our unique processes bring to the market, and proud of the technical schema by our development team, in partnership with the technical expertise of our U.S. California based colleagues at Bitnine Global Inc. (“Bitnine”),” said Peter Kim, President and COO of Graph.

Andrew Ryu, CEO & Chairman of the Company, commented, “I’m pleased to see that Graph Blockchain adds value to Datametrex’s business initiatives and growth, as the company takes the necessary steps in driving forward and growing our presence as a leader in the private blockchain and data management sector. Creation of a patent portfolio is our show of know-how and commitment to this emerging industry.”

Click here to read the full press release.