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Advancements in Transparency and Integrity through Blockchain in Public Procurements

Public Contracting Institute

Key Takeaways Aspect Impact of Blockchain Transparency Ensures real-time visibility and traceability of transactions. Efficiency Streamlines processes with smart contracts, reducing bureaucracy and paperwork. Integrity Provides an immutable record, reducing fraud and corruption.

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Streamlining Public Procurement: 6 Strategies for Efficiency and Compliance

ivalua

If the organization is not ready or able for a complete procurement system, can a system be deployed in a modular fashion over time building on the previous efforts? Additionally, using automation can help ensure compliance with regulations by providing real-time visibility into each step of the process which drives trust and goodwill. .