Antelope Water Management, a US-based company providing sustainable water solutions for extracting oil and gas, has
announced the adoption of GumboNet, the blockchain network of Data Gumbo Corporation.
Initially, Data Gumbo targeted its blockchain network to the offshore oil and gas sector. Now it will assist the Houston-based water management company in the Permian Basin. The area that spans West Texas and southeastern New Mexico is one of the largest oil and gas fields in the US. Recently the
U.S. Geological Survey estimated the area has 46.3 billion barrels of crude and 281 trillion cubic feet of natural gas.
GumboNet, a blockchain-as-a-service (BAAS) platform, will provide Antelope’s customers and its vendors with real-time data transparency and automation of contract execution and payments.
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