Blockchain Moves Into The US’s Largest Oil Fields With Data Gumbo

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, is now working with Antelope Water Management, the Austin-based company providing sustainable water solutions for the extractive industries in oil & gas, who has adopted Data Gumbo’s blockchain network GumboNet.

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 “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 customers, vendors and regulators with the best experience that smart contracts can offer. We are excited to add transparency to our operations while removing needless expenses and duplications of efforts to eliminate incorrect data and DSOs through Data Gumbo’s blockchain for all stakeholders.”

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.

“Data Gumbo was the first blockchain in offshore drilling and now we are the first in oil & gas water management. We anticipate continuing to break ground across the industry as companies realize the vast benefits we afford them such as security, the certainty of data and, most of all, savings to the bottom line,” said Andrew Bruce, CEO of Data Gumbo.

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. 

Antelope’s deployment moves Data Gumbo into the Permian Basin, the largest producing oil field in the world and into another sector of oil & gas — total water management. Antelope’s customers will for the first time be able to derive benefit from self-executing contracts on a secure blockchain platform catering to complex, 24-hr operations without the need for manual oversight.

Data Gumbo’s executives have more than 200 years of oil & gas industry experience across midstream, drilling and completions operations. Built initially for oil & gas but applicable to a multitude of industrial applications, GumboNet is offered by subscription, and uniquely frees companies from building and sustaining stand-alone, in-house blockchain solutions. With an immutable and auditable record that enables counterparties to trust transactions, no party can unilaterally change details, all stakeholders have the same level of transparency and results, and payments can finally be automated for savings and efficiencies.

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem – Honorary Ph.D. and is Chair Professor of Blockchain at China’s first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford’s Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission’s SME Instrument programme as a startup assessor and as a startup judge for the UK government’s Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, ‘The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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