Data Gumbo’s blockchain-based network, GumboNet™, has been named as an “Intelligent Systems” winner by E&P magazine in their 2020 Meritorious Awards for Engineering Innovation (MEAs). Hosted annually by Hart Energy, producer of award-winning monthly magazines including Oil and Gas Investor and E&P, the awards honor engineering excellence and achievement in the upstream petroleum industry. By recognizing new products and technologies, the awards showcase innovation in concept, design and application.
GumboNet automates smart contracts and transactions for industry leaders by utilizing the unique combination of blockchain technology with contract terms confirmed through operating field data. Providing a single, industry-agnostic immutable record of truth across participants, the network solves long-standing issues of trust and data inaccuracies to reduce barriers associated with industrial transactions.
By forging trust between stakeholders, automating transactions and mitigating contract leakage, GumboNet is changing how businesses transact — delivering visibility, transparency, contractual y and frictionless transactions. As a simple, intuitive network available as a subscription, companies are freed from building and sustaining stand-alone, siloed blockchain technologies that require resources and continuous oversight.
Click here for more information on this year’s awards and to see the complete list of winners.