Data Gumbo is mentioned in the July-Aug issue of Drilling Contractor Magazine. “Blockchain, on the other hand, refers to the architecture that lies underneath Bitcoin; in essence, there is no Bitcoin without blockchain, but blockchain can exist without Bitcoin. This fact is important, said Andrew Bruce, President and CEO of Data Gumbo, because he believes that cryptocurrencies have no place in the industrial space.

“For our industry, we’re not talking about cryptocurrencies; we’re talking about the distributed ledger aspects of smart contracts that enable us to automate transactions.” Data Gumbo was founded in 2016 and provides blockchain as a service to the oil and gas industry, hosted in a virtual private cloud.”