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Saudi Aramco partners with Blockchain entity Data Gumbo for blockchain innovation in oil and gas sector

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  Saudi Aramco has signed a memorandum of agreement with Data Gumbo, a US based Blockchain technology company which developed a blockchain as a service platform to streamline smart contracts management for industrial customers. The agreement between Saudi Aramco and Data Gumbo is for Blockchain collaboration over a three year term. This is not the first time Saudi Aramco has dealt with Data Gumbo. In August 2022, Saudi Aramco’s investment arm Saudi Aramco Energy Ventures made its fourth investment in Data Gumbo series C round where Data Gumbo raised $4million. The round was led by Saudi Aramco Ventures and Equinor, Norway’s energy operator. As per the Data Gumbo blog post, “ Data Gumbo is proud to announce that on 8 February, 2023 we entered into a memorandum of understanding (MOU) with Saudi Aramco for Blockchain Collaboration.   The agreement has a 3 year term. We are honored by the opportunity to deepen our collaboration and look forward to several transformational projects in