Antelope Water Management Taps Data Gumbo’s Blockchain Network for Oil & Gas Smart Contracts

Data Gumbo Corp., a Houston-based technology company that has developed a blockchain-as-a-service (BaaS) platform to streamline smart contracts for oil & gas, today announced Antelope Water Management, the Austin-based company providing sustainable water solutions for the extractive industries in oil & gas, has adopted Data Gumbo’s blockchain network GumboNet™. This is the industry’s first use of a blockchain platform for total water management services in US shale plays. Antelope will tap the power of GumboNet to provide customers and vendors across its water infrastructure, treatment, sourcing and disposal services with real-time data transparency, and automation of contract executions and payments. GumboNet insights allow all of Antelope’s customers and vendors in a transaction to be certain of immutable data and measurement accuracy for guaranteed and secure transactions. Antelope’s stakeholders and local regulators will benefit from the data certainty to lower overhead costs, reduce outstanding payments between parties, and ensure data certainty for all business transactions. “As an integrated water management company in the Permian Basin providing tailored management services for water infrastructure, we look forward to incorporating Data Gumbo into each of our business units,” said Dustin Brownlow, CEO of Antelope. “Data Gumbo is a game changer enabling us to provide… continue reading

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Source: CTRM Center

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