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.
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.
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.
