Advancements in Transparency and Integrity through Blockchain in Public Procurements
Public Contracting Institute
APRIL 1, 2024
It does so by offering an immutable, transparent record of transactions, which helps to eliminate common issues such as bid rigging, kickbacks, and other forms of corruption. By recording each transaction on a distributed ledger, blockchain allows all authorized participants in the network to access the same information in real-time.
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