HENDERSON Implements Data Gumbo Smart Contracts
Summary
HOUSTON--(BUSINESS WIRE)--Data Gumbo, the trusted industrial blockchain network, today announced that HENDERSON, a leader in the sales and services for drilling rigs and capital equipment, has adopted Data Gumbo’s GumboNet™ for smart contract deployment with its contract drilling clients and equipment services ecosystem. “We’re excited about this engagement and rolling out the technology across our partner and customer base in 2021 and beyond, as well as joining a network that gives us access to a broader group of contractors.” HENDERSON will use GumboNet smart contracts to create certainty in transactions from equipment services to commissioning and installation, mitigating financial and operations risk for both parties involved. Drilling contractors and service providers will also utilize digital confirmation of completed work and shipped goods for improved operational efficiency. “The network will enable their partners and customers to agree faster on terms, service more efficiently and reduce risk in transactions.” GumboNet integrates specific transactional data with automated smart contracts powered by blockchain technology as a network of companies, customers, suppliers and vendors. By providing a single immutable record of truth, GumboNet synchronizes data across counterparties for transparency that frees up working capital, reduces contract leakage, enables real-time cash and financial management, and delivers provenance.