Do you feel the need to save millions of dollars in transactional costs? A Conversation with DataGumbo
When people hear the word "blockchain" they either fall to the floor in the fetal position, or jump up and down about the best transactional technology they use. Personally, I am the guy curled up on the floor. When Michael Tanner, 360 Host and Analyst, and myself, had the opportunity to sit down with Andrew Bruce, Founder and CEO, Data Gumbo, we were pleasantly surprised about how he took the complex and turned it into millions of dollars in savings in OpEx. Just imagine if you are an EaP company and you need to save money right now. You can continue to bleed cash, or look to technology to save money. Andrew talked about the ability to bridge the transactional gap to transactional bliss. Through the GumboNet blockchain technology companies can save millions. Yes that is not a typo. I had to stop Andrew, and back up to verify that my ears had not gone bad. (Even though I am old) We also cover the Data Gumbo business model, and if I was an Oil a Gas executive looking to save millions, calling Andrew would be the first thing I would do. Andrew, thanks for stopping by, we had a blast with the interview, and look forward to seeing you again. Michael and Stu. About Andrew Bruce: Andrew Bruce is the founder and CEO of Data Gumbo, a company he founded in 2016 after spotting an opportunity to eliminate a sizable cost inefficiency between an oil supermajor and one of its suppliers. Data Gumbo provides GumboNet™, the trusted transactional network that automates smart contracts and transactions for industry leaders. Prior to Data Gumbo, Andrew was the COO for MHWirth, an oil a gas drilling equipment OEM where he supervised global operations. Previous to this position, Andrew was VP of Controls at NOV. During his tenure at NOV, he founded the NOVOS product, a first-of-its-kind semi-autonomous drilling system, which Andrew holds a joint patent for on rig automation. With years of experience as an IT consultant and serial entrepreneur, Andrew earned his Bachelor of Science in Computer Science from Worcester Polytechnic Institute. He is currently a member of IADC and SPE.
