Antelope Water Management – a water management company headquartered in Austin, Texas – is reportedly incorporating a new blockchain solution – designed by Data Gumb – into its system.

According to a press release on August 15, Antelope Water Management is a water management firm, specifically aims to provide water services for oil and gas extractions with enhanced sustainability, and Data Gumbo is a blockchain firm, operating in the oil and gas industry. 

Per the release, the blockchain solution created by Gumbo – dubbed GumboNet – will help boost the transparency of the data of customers and vendors, as well as create an automatic process to handle contract executions and payments. 

“Data Gumbo is a game changer enabling us to provide customers, vendors and regulators the best experience that smart contracts can offer. We are excited to add transparency to our operations while removing needless expenses and duplications of efforts to eliminate incorrect data and DSOs through Data Gumbo’s blockchain for all stakeholders.” Antelope CEO Dustin Brownlow shared. 

According to the press release, Data Gumbo’s blockchain-as-a-service platform was particularly developed to facilitate smart contracts in the oil and gas sector.