Data Gumbo Blog

Data Gumbo Team


Recent Posts

Blockchain's Year Ahead: A Brighter Future

Apr 28, 2020 3:00:43 AM / by Data Gumbo Team posted in Blockchain, Blog, Change Management, Thought Leadership

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Industry has long been easily excited about concepts from virtual and augmented reality (VR/AR) to autonomous vehicles, wearable technology to chatbots and drones, the list goes on. After innovations emerge, the pattern after much debut hype, is to go underground into pilot programs until the market achieves tangible validation.

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Oil & Gas Beyond the ‘Corona Crisis’: Predicting Industry Outcomes 

Apr 21, 2020 2:30:40 AM / by Data Gumbo Team posted in Blockchain, Blog, Oil & Gas, Smart Contracts, Thought Leadership

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The American oil market crashed below $0 a barrel this week; an unprecedented historical low. 

The “stage set for a ‘most uncertain’ future,” was already indicated by early earnings . With a precipitous 60% price drop since January , flatlining this week and even dipping into negatives , oil & gas companies across the board are cutting budgets , hunkering down and halting operations. 
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Why You Can’t Afford Not to Use Blockchain in Commodity Transportation

Apr 8, 2020 8:30:57 AM / by Data Gumbo Team posted in Blockchain, Blog, Transportation, Supply Chain

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Commodities production and transportation is a complex chain of events that involves multiple parties, volume measurements and transactions for each unit moved. In oil & gas, crude oil and its derivatives, water and other natural resources like sand and natural gas, are critical components to the production of energy. Each resource must be moved to and from the site of production, typically in poor conditions over risky or remote roads. In U.S. operations alone, the produced water market is worth an estimated $33.6 billion

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Know and Crush OPEX Using Blockchain

Apr 6, 2020 12:51:35 PM / by Data Gumbo Team posted in Blockchain, Blog, Oil & Gas, Opex

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More companies today are implementing blockchain technology to apply smart contracts across commodities transport to capture efficiencies and cost savings. By automating payments between the network of intermediaries necessary to move a commodity end-to-end from production, participants can increase access to free cash flow, a must in today’s market climate. 

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Increase Free Cash Flow in Production Operations

Mar 27, 2020 5:27:28 PM / by Data Gumbo Team posted in Blog

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Right now, it’s imperative for oil & gas companies to reduce operating expenses (OPEX) and save cash. With recent oil prices in a four-week free fall, down 60% since the start of the year, further job losses, bankruptcies and consolidations are unfolding.

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How Smart Contracts are Changing Legal Contracts

Mar 17, 2020 8:45:00 AM / by Data Gumbo Team posted in Blog

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While a world free of lawyers will most likely never come to fruition (to many parties’ chagrin), new technology in the form of smart contracts is changing how legal matters are drafted. 

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Exploring the Future of Industrial Blockchain

Mar 10, 2020 8:30:29 AM / by Data Gumbo Team posted in Blog

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Now that we are almost a quarter of the way into the new year, numerous articles have ventured guesses at blockchain’s future. By the looks of it, the months ahead are chock full of hype, hope and hard facts demonstrating blockchain’s power as a tool for radical industry transformation.

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