{"id":2748,"date":"2020-09-02T15:54:06","date_gmt":"2020-09-02T15:54:06","guid":{"rendered":"https:\/\/futurecities.iaac.net\/expo2020\/?page_id=2748"},"modified":"2020-09-02T15:54:07","modified_gmt":"2020-09-02T15:54:07","slug":"tokenizing-public-procurement","status":"publish","type":"page","link":"https:\/\/futurecities.iaac.net\/expo2020\/tokenizing-public-procurement\/","title":{"rendered":"Tokenizing Public Procurement"},"content":{"rendered":"
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Tokenizing Public Procurement<\/h1>\t\t\t\t\t
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MaCT 02 2018\/2020<\/h6><\/div><\/div><\/div><\/div>
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Faculty: Jose Mu\u00f1oz<\/h1><\/div><\/div><\/div><\/div>
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Students: Aryo Dhaneswara, Byron Cadena Campos & Pawitra Bureerak<\/h1>\t\t\t\t\t
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As we know, in most developing countries, public procurement is going through a digital transformation. For example, the most used in many countries are the e-catalogue and e-audit. But in most of the current online system, that process is still prone to corruption and allows modification from the internal in tender recording, even if it\u2019s done through online.<\/p>\n

To understand better, Government procurement or public procurement is undertaken by the public authorities of the European Union (EU) and its member states in order to award contracts for public works and for the purchase of goods and services in accordance with the principles underlying the Treaties of the European Union. Public procurement represents 13.5% of EU GDP as of 2007, and has been the subject of increasing European regulation since the 1970s because of its importance to the European single market.<\/p>\n

And so, the projects\u2019 interest is looking at the possibilities of including blockchain into the matrix; what if we can incorporate blockchain to the current e-Filing system? And what if we include citizen participation in the equation? And how can tokenization help in the process help?<\/p>\n

We think that by using blockchain, this technology could allow businesses to provide information one time only, creating a digital credentials that the city council can reuse. And as for the private sector, the aim of adding blockchain is to make it simpler to monitor and verify<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>

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A blockchain system that aims to enhance the transparency and trustworthiness of assessing responses to public competitions.<\/span><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>