US-based oil technology startup
Data Gumbo recently announced that freight and shipping company Murphy Global Logistics has adopted its blockchain network GumboNet. Data Gumbo is backed by Saudi Aramco.
GumboNet will provide transparency in the logistics supply chain of Murphy and allow its clients to track shipments. For supply chain stakeholders, invoice generation and collecting payments is a cumbersome and lengthy process.
With GumboNet, contracts between supply chain counterparties will be executed with smart contracts, including automated payments. Currently, Murphy does all this manually with the help of spreadsheets and emails, which is prone to error.
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