Operators and contractors alike are referring to Data Gumbo as the ‘Honest Broker’. By providing a trusted Smart Contract platform, Data Gumbo removes the manual processes and litigation from transactions. Operator and Contractor agree on a set of performance metrics with incentives for improvement, calculated daily. Data Gumbo consumes the relevant data, calculates the appropriate bonus or penalty, and executes every 24 hours automatically. Customers use the smart contracts to lock in the $10’s – 100’s of millions in savings available from improvements in rig efficiency.
Data Gumbo announces new Smart Contract for Independent O&G
By Data Gumbo Team|2019-10-16T16:43:33-05:00October 4th, 2017|