Challenge: Government or private tender management system is a complex multi-tenant ecosystem which requires transparency, efficiency and provenance for meeting the fair-trade regulatory standards. The existing solutions meets the needs but it’s complex and lacks efficiency.
- Implemented a decentralized tender management solution, which allow the government or private entities to create, bid and vote for a tender on an immutable, secure, and efficient B2B network.
- Implementation of carefully designed smart contracts enabled a seamless control of the tender attributes for all of the participants of the tender network and also generated provenance, transparency in an efficient way
- Generated reports by harnessing the transactional event data from the blockchain network meeting the government regulatory needs
- The above-mentioned implementation was done as a PoC in our incubation labs.