article thumbnail

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.

article thumbnail

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? Users must understand how the project will save time and improve accuracy and consistency throughout the entire process. Improving Collaboration .