Abstract:
Governments and organizations usually buy products and services through tenders. If done wrong, tender management causes substantial losses. This includes contractor favoring, poor record keeping, lack of transparency, hacking, data tampering, and more. We employ blockchain technology to safeguard and streamline tender management.
Blockchains are encrypted and use block-based transaction management. To ensure a transparent tendering process, we use Hyperledger blockchain technology to secure transaction-based documents like tender documents, applications, bid proposals, company profiles, past records, approving officer details, and rejection details.
Note: Please discuss with our team before submitting this abstract to the college. This Abstract or Synopsis varies based on student project requirements.
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