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Data Gumbo, Texas Alliance of Energy Producers Team up For Blockchain Network

Sinochem’s Subsidiary Reportedly Planning an Energy Blockchain Platform
Sinochem’s Subsidiary Reportedly Planning an Energy Blockchain Platform

Data Gumbo, the self-described “trusted industrial blockchain network, today announced that it has partnered with the Texas Alliance of Energy Producers, the “largest statewide association in the country serving independent energy producers.”

This will ensure that it gives “Data Gumbo’s massively interconnected blockchain network, to members of the Alliance to power smart contracts across energy production to support cost savings and efficiencies in commercial transactions.”

Speaking on the matter is Andrew Bruce, the CEO and Founder of Data Gumbo, who said:

“The Alliance performs critical work in legislative and regulatory advocacy, and in developing programs that protect industry, unite fragmented voices and to enable independent producers to grow, prosper and thrive for its more than 2,600 members. GumboNet ensures transactional certainty through automated smart contracts that will allow Alliance members to make real-time, informed production decisions based on actual field events driving improved performance and million-dollar savings opportunities.”

Also sharing some thoughts on the matter is Jason Modglin, the President of the Texas Alliance of Energy Producers, who said:

“Data Gumbo has cracked the code to cut costs and realize transactional certainty across commercial relationships. Being able to offer their proven technology to our large network better positions independent energy producers to capture value, save money and mitigate risk through better, more informed decisions. As always, we look to add value to membership in the Alliance, and GumboNet brings a strong product to the table and we are pleased to offer it to oil and gas producers in Texas.”

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