Using blockchain technology to track procurement processes to ensure transparency, security, and efficiency. By using a distributed ledger system, all parties involved in the process can have access to the same information, reducing the risk of manipulation. Smart contracts can automate the process, reducing the risk of fraud or errors. Overall, blockchain-based procurement systems can provide a permanent and immutable record of all procurement transactions.
Blockchain-based procurement systems can help to reduce corruption and promote fair competition by ensuring transparency, accountability, and efficiency in government procurement processes.
This content is created by the open source Your Priorities citizen engagement platform designed by the non profit Citizens Foundation