Monthly eNewsletter from the IADC

Smart Contracts Provide Industry Solutions

Smart Contracting is defined as a self-executing contract where terms of agreement between buyer and seller are directly written into lines of code across a private, permission-based blockchain network. The code controls the execution of the terms, and transactions are trackable and irreversible. By providing efficiency, transparency, and a permanent record for audit transactions, smart contracts can solve problems for both buyers and sellers in the industry.

Data Gumbo is a licensed vendor of Smart Contracts that have been certified by IADC.