SECURE FRAMEWORK FOR GOVERNMENT TENDER ALLOCATION USING BLOCKCHAIN









Abstract

Governments and public sector organizations throughout the world are always seeking for new methods to stay up with technological advances in order to achieve smart governance, increased work performance, and value optimization. Blockchain technology is an instance of this era that has recently piqued the interest of governments across the world. For its superior security, transparency, and low-cost architecture, the blockchain can penetrate a broad range of domains. Typically, governments award bids to third-party organizations for exclusive projects. Special competitions aim to spy on another's sensitive attributes in this way in order to acquire the tender. Moreover, corrupt government leaders demand a big bribe to let a third party take over the contracts. In this article, we advocated using blockchain to establish a secure and visible mechanism for government bids. As a protected and unchangeable data format, blockchain is being used to store government records that are quite prone to change. This project aims to create secure and trusted peripheral computer resources for procurement contract operations so that government policies and rules may be implemented with minimal human intervention.


Modules


Algorithms


Software And Hardware