Data Gumbo recognized for achievements in realizing transactional certainty in commercial relationships
Industrial Blockchain Network Garners Traction Providing Critical Savings in Energy and Construction Industries Sped By Oil Price Downturn
- Industry First Use Case of Blockchain-Based Smart Contracts in Global Contract Drilling, Capital Equipment Sales, Drilling Services, Repairs and Maintenance Services
- Data Gumbo Moves Into Another Segment of Oil & Gas Ripe for Digital Improvements
Data Gumbo, the trusted industrial blockchain network, today announced that HENDERSON, a leader in the sales and services for drilling rigs and capital equipment, has adopted Data Gumbo’s GumboNet™ for smart contract deployment with its contract drilling clients and equipment services ecosystem. This is the oil & gas industry’s first use of blockchain-based smart contracts between capital equipment sales, services, repair and maintenance operations, and signals a new avenue in oilfield services tapping the power of GumboNet.
Bruce Bain to Create, Lead and Grow Network of Business Partners to Further Scale the Company, Provide Smart Contracts to Industry
Technology Supports Financial Clarity and Production Decisions for the U.S.’s Largest Statewide Association of Independent Energy Producers
Data Gumbo, the trusted industrial blockchain network, today announced the first close in its Series B funding round of $4 million led by new investor L37, a Bay Area and Houston-based venture capital company, with return investments from Equinor Ventures, the venture subsidiary of Equinor, and Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco.