Equinor Automates Commercial Agreements with Smart Contracts

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Oct 25, 2022

Data+Gumbo, theleading industrial smart contract solution provider, today announced that Equinor (OSE: EQNR, NYSE: EQNR) has implemented Data Gumbo’s smart contract platform to automatically calculate and execute payments for Integrated+Drilling+and+Well+Services (IDWS) Day Rates for Johan Sverdrup and Troll assets. Data Gumbo’s smart contract network, GumboNet™, enables the company to automate payments under their existing natural language contract using Industrial Internet of Things (IIoT) data from Equinor and 3rd party logistics systems.