Data Gumbo Blog

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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