Most common flaws existing in natural language contracts are remnants of either older contracts that have since evolved or as contrary clauses in contracts that cover interrelated activities. When it comes to smart contracts, coding language requires events, rules and other business logic to be absolutely clear — and this requirement forces many companies to revisit their current contracts with fresh eyes for simplification and clarification.
The Hidden Value of Smart Contracts: Measurability
Nov 2, 2020 1:27:40 PM / by Data Gumbo Team posted in Data Gumbo, Blockchain, Smart Contracts, Thought Leadership
Thriving in a Lower Forever Oil & Gas Environment
Oct 8, 2020 10:52:38 AM / by Data Gumbo Team posted in Data Gumbo, Blockchain, Oil & Gas, Smart Contracts
Oil and gas companies are looking to implement technology to shore up core business processes and accommodate a multitude of consequences currently facing that the industry.
Blockchain Supports Transparent Execution of Performance Contracts
Jul 14, 2020 9:30:00 AM / by Andrew Bruce posted in Data Gumbo, IADC, Blockchain, Drilling
Drilling contractors often face an uphill battle when it comes to getting paid based on their daily drilling activities and reimbursable expenses. The average service delivery-to-payment process currently runs 60 days or more, leaving drilling contractors with elongated days sales outstanding (DSO).
Blockchain Oilfield Pilot Delivers Huge Results to Impact Commodity Transport Performance
Jun 3, 2020 9:50:00 AM / by Data Gumbo Team posted in Data Gumbo, Blockchain, OOC
Good Applications for Smart Contracts in Capital Projects
May 27, 2020 10:01:00 AM / by Data Gumbo Team posted in Data Gumbo, Construction, Smart Contracts, Capital Projects
Data Gumbo: Year In Review
Dec 24, 2019 2:40:00 PM / by Data Gumbo Team posted in Data Gumbo, Blog