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And most people that participate believe that it’s fundamentally honest. It’s not like India or Russia where bribery and corruption is the norm. The majority of federal government procurement is not a set and attacked by bidrigging, price fixing and fraud schemes. Are we still in that place? They are pattern.
By leveraging blockchain’s capabilities, these entities can significantly mitigate corruption risks, streamline operations, and foster a more transparent procurement environment. Integrity Provides an immutable record, reducing fraud and corruption.
Fraud and Corruption Risks Bidrigging, favouritism, and a lack of transparency in processes undermine public confidence and effectiveness. Tracker Intelligence brings opportunities for procurement on board, thereby supporting SMEs in procurement to participate easily.
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