Last week, Data Gumbo attended the virtual 18th Annual American Business Awards to accept Gold in the Blockchain Solution Category. A trusted transactional blockchain network for tomorrow’s industrial leaders, the judges made particular note of Data Gumbo’s vibrant approach to radically transform business transactions.
Recently, Andrew Bruce, Data Gumbo’s Founder and CEO, sat down with Oil & Gas 360 Energy Expert Network to discuss how blockchain technology can save millions of dollars by eliminating friction and reducing transactional costs.
With tangible proof of blockchain’s capabilities and benefits, the energy ecosystem is pivoting to swift adoption to maximize opportunities that the innovative technology affords, including reducing costs and increasing visibility into asset life-cycle tracking and real-time project management.
The construction sector is stuck in a technology rut resulting in hefty inefficiencies. Up to $40 billion dollars are wasted each year due to financial and informational friction between project participants.
This week, Hart Energy published its 2020 Automation & Data Technology Showcase, a special section highlighting the latest products and technologies for upstream oil and gas.