GumboNet ESG Honored in Software Category for Setting New Standard for Transparency, Trust and Timeliness in ESG Reporting

Data Gumbo, the industrial smart contract network company, today announced that GumboNet ESG has received an honorable mention in the software category of Fast Company’s 2022 World Changing Ideas Awards celebrating innovative initiatives and other creative endeavors that support the growth of positive innovation in the face of climate change and public health crises.

GumboNet ESG is the first and only automated smart contract for sustainability measurement, which ties a company’s quantifiable, real-time operational data to smart contracts to produce fast and trustworthy ESG reports. Powered and secured by Data Gumbo’s industrial smart contract network, GumboNet^™, GumboNet ESG sets a new bar for transparency to satisfy investors, regulators and other stakeholders’ desire for real-time verifiable environmental performance monitoring.

“We are changing the speed at which accurate environmental insights are available and guarantee accuracy, timeliness and repeatability in ESG reporting,” said Andrew Bruce, Founder and CEO, Data Gumbo. “GumboNet ESG reaches across commercial supply chains to generate a third-party record of truth stored on an immutable blockchain. We are honored that Fast Company has recognized our innovation as we usher in the age of automation and clarity in ESG reporting.”

Now in its sixth year, the World Changing Ideas Awards showcase 39 winners, 350 finalists, and more than 600 honorable mentions, honoring the products, concepts, companies, policies and designs that are driving change. A panel of eminent Fast Company editors and reporters selected winners and finalists from a pool of more than 2,997 entries across transportation, education, food, politics, technology, health, social justice, and more. The 2022 awards feature entries from across the globe, from Switzerland to Hong Kong to Australia.

“We are consistently inspired by the novelty and creativity that people are applying to solve some of our society's most pressing problems, from shelter to the climate crisis. Fast Company relishes its role in amplifying important, innovative work to address big challenges,” says David Lidsky, interim editor-in-chief of Fast Company. “Our journalists have identified some of the most ingenious initiatives to launch since the start of 2021, which we hope will both have a meaningful impact and lead others to join in being part of the solution.”

Fast Company’s Summer 2022 issue (on newsstands May 10, 2022) will showcase some of the world’s most inventive entrepreneurs and companies tackling global challenges. The list of Fast Company’s 2022 World Changing Ideas award winners is available at https://www.fastcompany.com/.

To learn more about GumboNet ESG, visit: https://www.datagumbo.com/gumbonet-esg.

About Data Gumbo

Data Gumbo is the smart contract company trusted by global industrial enterprises. The only network of enterprises and their customers, suppliers and vendors that successfully incorporates real-time sensor level and field data to validate transactions, GumboNet™ reduces costs by more than 10% for all network members by automatically eliminating payment delays, disputes and complicated reconciliations.

To date, Data Gumbo has received equity funding with Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco; Equinor Ventures, the venture subsidiary of Equinor, Norway’s leading energy operator; and L37, a hybrid venture capital and private equity company. Data Gumbo is headquartered in Houston, Texas, with global offices in Stavanger, Norway, Khobar, Saudi Arabia, and London, UK. For more information, visit www.datagumbo.com or follow the company on LinkedIn, Twitter and Facebook.

About the World Changing Ideas Awards

World Changing Ideas is one of Fast Company’s major annual awards programs and is focused on social good, seeking to elevate finished products and brave concepts that make the world better. A panel of judges from across sectors choose winners, finalists, and honorable mentions based on feasibility and the potential for impact. With the goals of awarding ingenuity and fostering innovation, Fast Company draws attention to ideas with great potential and helps them expand their reach to inspire more people to start working on solving the problems that affect us all.

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