Data Gumbo, the industrial smart contract network company, today announced that it has been named as the Oil and Gas Start Up Company of the Year at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) Awards Gala — the largest annual oil and gas awards event in the Middle East.
Data Gumbo was recognized for its potential to reshape the energy industry based on its continued innovation, strong business model and the impressive impact of its global industrial smart contract network. The company was also acknowledged for its work with global energy players, including its collaboration with Blockchain for Energy to automate produced water haulage from field reading to invoice payment, and its pilot to automate production chemical delivery with a Texas-based hydrocarbon exploration company and a multinational chemical company.
“Our industrial smart contract network, GumboNet, offers the new gold standard for organizations to execute business better through guaranteed transactional certainty across commercial relationships,” said Andrew Bruce, CEO and Founder, Data Gumbo. “It’s an honor to be recognized by ADIPEC for our work and commitment to expanding our network across the global energy industry, allowing companies to eliminate the lack of trust in industrial sectors, streamline contract execution and capture significant cost savings.”
