Data Gumbo Appoints Capital Projects Expert for Expansion into the Construction Industry
Summary
A construction industry veteran, Matthews will lead the company into this $9 trillion sector, which stands to gain substantial project efficiencies and cost-savings from the use of blockchain technology. “Prevailing contracting models and disparate systems greatly limit the movement of information and harden distrust between companies, resulting in up to 30-40 percent of project costs being hidden in transaction burden. Prior to this, he was Director at PwC where he oversaw project excellence, organization and technology advisory services across a range of industries, maintaining a focus on clients value realization. GumboNet directly addresses the industry’s pain points by fostering trust among project stakeholders, establishing a single source of the truth and delivering visibility into productivity, cost, schedule and safety performance. “The ability to address fragmentation and complexity across the project life cycle will aid Data Gumbo’s mission to deliver a business to business platform that builds trust and removes waste and inefficiency.” Built initially for upstream drilling and completions in oil & gas, but applicable to a multitude of industrial applications such as construction, GumboNet is offered by subscription, and uniquely frees companies from building and sustaining stand-alone, in-house blockchain solutions.