Modern enterprise delivers value through trust
Powering Commercial Transactions
Global enterprises waste billions of dollars executing commercial transactions due to a lack of accuracy, transparency and efficiency. Across industries, it is imperative that companies free up working capital and reduce inefficiencies for tremendous cost savings.
Smart contracts, powered by blockchain technology, are pioneering a new approach to commercial relationships—one that reduces informational and transactional friction to deliver streamlined operations.
A Trusted Transactional Network
Data Gumbo’s trusted transactional blockchain network, GumboNetTM, is ushering in a new era of digital transformation for capital-intensive industries.
Our network enables real-time visibility, massive cost savings and harnesses the power of automated commercial transactions through smart contracts.
Bakken Water Haulage
This pilot is the first industry-wide use of a blockchain-native network for water haulage, and the consortium will tap the power of GumboNet for real-time data transparency and accuracy, and automation of contract payments. The pilot is being conducted in the Bakken Shale.
From Industry Leaders
“Data Gumbo’s blockchain is a promising instrument for industry collaboration in oil & gas benefiting all connected parties. This pilot with Data Gumbo is a significant step towards our goal of proving non-manned volume validations can trigger automated payments to vendors.”
Blockchain Strategy and Innovation at Equinor
“Eliminating inefficiencies and the potential for KPI manipulation, Data Gumbo’s state-of-the-art distributed-ledger solution ensures full contract execution, with terms tested in advance; the entire record of raw inputs, calculations, and resulting transactions remain in the system and ready for audit.”
Principal of Frost & Sullivan
“Data Gumbo’s success with blockchain-based smart contracts is proving a significant transformation. When applied to the insurance underwriting process, GumboNet yields increased operational efficiencies, contract certainty, accountability, transparency, and reduced costs.”
Founder of Prescient
Get industry insights in your inbox.