Blockchain Solutions for E-Tenders in Public Procurements
TL;DR
The proposed blockchain based solution improves the evaluation process, reducing certain technical and human-error risks and provides greater transparency and efficiency in the spending of public funds, achieving the set quantitative indicators with automated evaluation and qualitative factors defined in the smart contract.
Abstract
Public procurement tenders in Bulgaria are in the focus of public attention, despite the transparency of the process, which is conducted online through the Public Procurement Agency platform, participants require greater trust in the conduct of the procedures themselves, as they are not yet fully automated. Blockchain solutions are used in a wide range of businesses, as they offer transparency of transactions, trust between parties and data immutability and also seem suitable for conducting e-tenders for public procurement. This publication offers a solution based on a private blockchain HyperLedger Fabric, which in terms of structure and functionality builds on the existing solution. It ensures bidder identities are confidential from the unauthorized participants and transparency of the work of administrators in the platform and their actions when changing the status of a public procurement. The proposed blockchain based solution improves the evaluation process, reducing certain technical and human-error risks. The results show that it provides greater transparency and efficiency in the spending of public funds, achieving the set quantitative indicators with automated evaluation and qualitative factors defined in the smart contract.