Calgary-based advanced data solutions and business intelligence provider recognized for innovative application of blockchain and machine intelligence in Alberta energy sector
CALGARY, Alberta, Nov. 02, 2018 (GLOBE NEWSWIRE) — GuildOne Inc. (GuildOne) is proud to announce that it has been selected as the 2018 winner of the ASTech award for Outstanding Achievement in Information and Communications Technology. “This award is a true honour,” said James Graham, GuildOne CEO and President. “It is a reflection of the pioneering multi-sectoral work being done in Alberta not just by the GuildOne team, but by our industry partners and invaluable organizations like ASTech, who recognize the need for – and benefits of – a robust multi-sectoral innovation ecosystem in Alberta.”
ASTech (Alberta Science and Technology Leadership Foundation) is a not-for-profit organization founded in 1989 through an industry initiative to showcase achievements in science and technology in Alberta and to promote the importance of these activities for social and economic benefit. The ASTech Awards celebrate innovation and excellence in Alberta and are the province’s most prestigious science and technology honours.
This award attests to the major potential of innovative technologies such as blockchain, smart contracts and machine learning to transform the oil and gas sector and many other industries. In February 2018, GuildOne announced a world-first proof-of-concept (PoC) oil and gas royalty transaction. The transaction was conducted on the company’s Royalty Ledger application using R3’s Corda on Amazon Web Services, in conjunction with key industry partners. Learn more
Graham, who was also selected as one of ASTech’s 2018 Humans of Alberta Innovation, believes that investment in organizations such as ASTech has created the foundation for a thriving technology ecosystem in Alberta. “That’s very exciting because we’re now at a stage where you don’t have to leave Calgary or Alberta to avail yourself of the benefits of technology development,” he said. “When it comes to innovation, pioneering and courage, Calgarians and Albertans are very well equipped to succeed in this transformation.”
Founded in 2001, GuildOne is a pioneering technology company providing advanced data solutions and business intelligence to oil and gas companies seeking enhanced business performance through better understanding and use of data. Since 2015, GuildOne has invested in emerging technologies such as blockchain and machine learning, culminating in the release of Energy Block Exchange (EBX), the first blockchain platform for energy transactions. EBX is host to GuildOne’s innovative distributed ledger applications, including Royalty Ledger, which was developed for oil and gas companies and landowners to share secure smart contracts, settle payments, and ensure rights and revenue completion.
About ASTech Foundation:
The Alberta Science and Technology Leadership (ASTech) Foundation is a not-for-profit organization founded through an industry initiative in 1989 to showcase the substantial achievements in science & technology in Alberta and to promote the importance of these activities to social and economic benefit.
ASTech Foundation: www.astech.ca
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