Member Logo - Data GumboHouston, TX – June 13, 2019 – The Petroleum Industry Data Exchange, Inc. (PIDX) announced today that Data Gumbo has joined the organization as a member. Data Gumbo provides IIoT-integrated Blockchain technology and smart contracts to companies that operate complex industrial value chains. The next-generation commercial internet is Data Gumbo’s vision, one where multi-party transactions leverage digital data sources for automated contract execution on secure blockchain ledgers.

As a member of PIDX, Data Gumbo will now be able to help drive the agenda for the development of PIDX standards to meet the digital integration needs of all buyers, suppliers, and eCommerce Networks in the Energy industry.

“Data Gumbo’s focus on the hydrocarbon value chain made engagement with an industry trade association such as PIDX an obvious decision,” says Lisa Smith, Chief Corporate Development Officer at Data Gumbo. “We recognize how our Blockchain-as-a-Service strategy can derive significant benefit from PIDX’s leadership in facilitating industry-wide discussions and creating standards to promote efficiency and cost reduction. Data Gumbo looks forward to active participation in PIDX projects and to contributing blockchain thought leadership for the benefit of all participants.” 

PIDX as a platform captures and facilitates electronic business initiatives from its members needing a proper legal and antitrust framework to govern cooperation and collaboration between member companies. 

“On behalf of the existing PIDX members, I welcome Lisa and Data Gumbo to the PIDX community. We have a mutual belief that Blockchain-enabled workflows can be accelerated through the use of data standards,” says Stephanie Waters, PIDX President.

Benefits of membership for Data Gumbo include opportunities to sponsor projects, help steer the direction of PIDX, and contribute to lasting Energy e-business standards.

About Data Gumbo
Data Gumbo is the Blockchain-as-a-Service (BaaS) company creating a massively interconnected blockchain network for industrial companies, including oil and gas. The company is headquartered in Houston, Texas, and Data Gumbo AS is a subsidiary with offices in Stavanger, Norway. The company was named Most Promising Energy and Clean Technology Company at the 16th Annual Energy & Clean Technology Venture Forum in 2018. For more information, visit www.datagumbo.com, and follow on LinkedIn, Twitter @DataGumbo, and Facebook.

About PIDX International
Based in Houston, Texas, PIDX International is comprised of Energy industry standards leaders who work together to facilitate eCommerce since 1987, and is committed to continuing the development of technology, information and business process standards that allow the effective and efficient implementation of eCommerce on a global scale. PIDX standards serves both the upstream, midstream, and downstream segments of the Energy industry. To learn more, visit www.pidx.org, and follow on LinkedIn.