Le Lézard
Classified in: Science and technology
Subjects: Contract/Agreement, Product/Service, Trade Show

Data Gumbo and Atlas RFID Solutions Partner to Advance Digital Automation of Industrial Construction Supply Chain Contracts

JOVIX EXECUTIVE FORUM ? Data Gumbo, the trusted industrial blockchain network, today announced a partnership with Atlas RFID, provider of the Jovix® Material Readiness® software solution. The collaboration brings automated, touchless transactions and unparalleled visibility to the heavy industrial construction sector for commercial contracts. Two joint implementations are currently underway with a national oil company (NOC): tracking hundreds-of-millions of dollars in chemicals and establishing provenance to curb counterfeits, losses and expirations; and also establishing provenance and life cycle management of the company's steel pipe orders and assets.

"This partnership marks a big step forward in the digital automation and visibility of the industrial construction supply chain," said Andrew Bruce, CEO, Data Gumbo. "Right from the start, we are delivering massive value to a NOC who expects to significantly reduce material losses with a transparent, single source of truth on GumboNet with data supplied by Jovix. The savings will exceed millions per year for the NOC, and we look forward to furthering the digital revolution within construction and capital projects with the team at Atlas RFID."

Data Gumbo will utilize Jovix's validation data, a combination of web-based server software, mobile devices, and smart RFID tags and barcode labels, on GumboNet, the company's massively interconnected industrial blockchain network. GumboNet digests terms from natural language contracts including payment terms, rates, modifiers, penalties and more, and translates real-world agreements into automated smart contracts thus eliminating administrative drag, contract fraud and operational inefficiencies.

"As our first blockchain partner, Data Gumbo opens up the world of smart contracts to our customer base and, subsequently, enables us to offer the vast benefits of commercial transaction automation to them," said Jon Chesser, Chief Revenue Officer, Atlas RFID Solutions. "This partnership brings to market integrated technologies that enable truly touchless transactions across the construction supply chain."

Data Gumbo will be participating in the Jovix Executive Forum October 19-21, 2020, in the Tech Zone of the virtual booth. For more information, please visit www.jef.jovix.com.

About Atlas RFID Solutions

Atlas RFID Solutions develops, sells, integrates and supports Jovix, a software solution that leverages RFID and mobile technology to track the location and status of materials on international mega-projects to digitize the construction supply chain.?The biggest engineering, procurement, and construction (EPC) contractors, owner/operators, and suppliers in the world use Jovix because it is one of the only firms that can offer a complete end-to-end customized solution for Material Readiness. Since 2009, Jovix has been used to track 3.5 billion pieces of material and over 250 million material transactions. For more information, please visit www.jovix.com.

About Data Gumbo

Data Gumbo provides transactional certainty for tomorrow's industrial leaders through GumboNettm, a massively interconnected industrial blockchain network. With integrated real-time capabilities that power, automate and execute smart contracts, our network reduces contract leakage, frees up working capital, enables real-time cash and financial management and delivers provenance with unprecedented speed, accuracy, visibility and transparency. Headquartered in Houston, Texas, Data Gumbo has a subsidiary office in Stavanger, Norway. To date, the company has received equity funding with Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco, and Equinor Technology Ventures, the venture subsidiary of Equinor, Norway's leading energy operator. For more information, visit www.datagumbo.com or follow on LinkedIn, @DataGumbo and Facebook.

These press releases may also interest you

at 03:05
SDL, the intelligent language and content company, today announces a partnership with Rovva, the world's largest business support platform, to promote Smart Language Translation, built on SDL SLATEtm, as a new service for its business community....

at 03:05
Cornerstone OnDemand, Inc. , a global leader in people development solutions, today announced the formation of the Cornerstone Innovation Lab for AI, a new center of excellence within the company composed of data scientists and machine learning...

at 03:05
CSG® today announced that its long-standing partnership with Airtel Africa has been extended. As part of the enhanced agreement, CSG will provide Airtel Africa with managed services, including customer relationship management and convergent charging...

at 03:05
ADVA today announced that it has joined Affordable5G, an innovation project creating complete and affordable solutions for critical private and enterprise networks. Affordable5G aims to build open and flexible next-generation mobile solutions for...

at 03:00
Clariter, an international clean-tech company, has announced that its unique plastic recycling solution has achieved a net negative carbon footprint according to the results of a new study, meaning it does not add to, but rather depletes carbon from...

at 03:00
OnApp has launched an all-new version of CDN.net, a Content Delivery Network for any business that depends on having a fast and resilient online presence to maximize revenue and customer satisfaction. A free trial is available now at https://cdn.net....

News published on 19 october 2020 at 08:05 and distributed by: