Data Gumbo, provider of GumboNet™ — the massively interconnected industrial smart contract network secured and powered by blockchain, today announced that it has been recognized by Deep Analysis, an analyst and advisory firm with over 25 years of experience in the IT industry, with a 2021 Innovation Index Award for blockchain.
“Being named to Deep Analysis’ 2021 Innovation Index Awards validates the viability and power of Data Gumbo’s smart contract blockchain network that is purpose-built for business applications,” said Andrew Bruce, CEO and Founder, Data Gumbo. “We are pleased to be recognized in their selection criteria of solving problems, applying ingenuity, adding value and showing flexibility. These are things that our customers experience as they garner massive benefits subscribing to our network.”
The Deep Analysis report notes that, “Much of the recent focus on enterprise blockchain has been on building industry consortiums and blockchain infrastructure. We are only now starting to see focused business applications built upon that infrastructure. Data Gumbo is, in our estimation, an excellent example of how a company can leverage blockchain to meet specific industry needs beyond generic record or financial transactional requirements.”
Deep Analysis conducted over 150 briefings with companies of all sizes to understand pervasive needs and experiences. The Innovation Index methodology is based on a company’s ability to improve, educate and stimulate information and process automation management as well as push an industry to reframe, rethink and reinvent approaches to business processes. Evaluation is not based on vendor’s revenue or employee numbers, but instead a subjective undertaking of side-by-side technical understandings to promote positive and effective business applications of technology.
“GumboNet has the potential to automate expensive and challenging administrative work involved in service contracts and to aid companies in tapping their existing data to meet emerging ESG standards,” said Alan Pelz-Sharpe, Founder, Deep Analysis. “With a potentially fast ROI and the ability to test the company’s claim to deliver business value in under 90 days, we will continue to watch Data Gumbo as it works to become a major blockchain player in heavy industry.”
Data Gumbo’s receipt of this award builds on a previously published vendor vignette that explores the benefits and value of GumboNet. Visit here to see other winners and access the full Innovation Index Awards.
About Data Gumbo
Data Gumbo is a Houston-headquartered technology company that provides GumboNet™ — a massively interconnected industrial smart contract network secured and powered by blockchain. With integrated real-time capabilities that automate and execute smart contracts, GumboNet reduces contract leakage, frees up working capital, enables real-time cash and financial management and delivers provenance with unprecedented speed, accuracy, visibility and transparency. Data Gumbo also provides GumboNet™ ESG, the automated and accurate sustainability measurement solution that ties a company’s operational data to environmental, social and governance (ESG) standards reporting for industrial supply chains.
To date, Data Gumbo has received equity funding with Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco; Equinor Ventures, the venture subsidiary of Equinor, Norway’s leading energy operator; and with L37, a hybrid venture capital and private equity company. With offices in Stavanger, Norway, and London, UK, the growing company was recognized as the Disruptive Innovator in the Forbes Energy Awards 2020 and named to CB Insights Blockchain 50, among other awards last year. For more information, visit www.datagumbo.com or follow the company on LinkedIn, Twitter and Facebook.