Remove Bid Rigging Remove Integration Remove Tender
article thumbnail

Advancements in Transparency and Integrity through Blockchain in Public Procurements

Public Contracting Institute

In the era of digital transformation, blockchain technology emerges as a beacon of hope for enhancing transparency and integrity in public procurements. Integrity Provides an immutable record, reducing fraud and corruption. Efficiency Streamlines processes with smart contracts, reducing bureaucracy and paperwork.

article thumbnail

Addressing Challenges In Public Procurement: Overcoming Barriers to Efficiency And Compliance

Tracker Intelligence

For instance, a lack of clear, coherent tendering procedures or regulatory violations in the tender advertisement may affect the execution of government projects. Fraud and Corruption Risks Bid rigging, favouritism, and a lack of transparency in processes undermine public confidence and effectiveness.