Data Gumbo, the trusted transactional blockchain network for tomorrow’s industrial leaders, announces a partnership with PrairieDog Venture Partners (PDVP), the technology and development arm of the Operating System 2.0 (OS2) research project co-led by the Construction Industry Institute (CII) and the Construction Users Roundtable (CURT), dedicated to the creation and advancement a new business model for construction.
Together, Data Gumbo and PrairieDog will deliver smart smartcontracts, designed to solve long-standing industry challenges around transactional and informational friction, across capital projects, turnarounds, and maintenance for the industrial, commercial, and infrastructure building sectors. Joint use cases are underway to deploy blockchain-based smart contracts to automate and accelerate payments, streamline operations by reducing costs, and provide a rapid, shared single source of truth for all contract participants.
As a neutral, immutable and shareable record of truth, GumboNet, Data Gumbo’s industrial blockchain network, delivers visibility into productivity, schedule, and safety performance resulting in streamlined workflows and cost savings. By developing and deploying configurable smart contracts across asset lifecycles, PrairieDog and Data Gumbo facilitate the radical transformation from paper-based processes to a new digital operating model that enables project stakeholders to reduce contract leakage, free up working capital, improve cash and financial management, and deliver provenance. For more on both, visit www.datagumbo.com and www.prairiedogvp.com.