System evaluation demonstrates improved transparency and reduced human-error risks in public procurement e-tenders, indicating enhanced efficiency in managing public funds.
Key Points
To develop and evaluate an automated, secure e-tendering system for public procurement using private blockchain technology to improve trust, transparency, and data integrity.
Designed a decentralized procurement architecture building upon the existing Bulgarian Public Procurement Agency platform.
Implemented the solution using the private blockchain framework Hyperledger Fabric.
Embedded automated bid evaluation criteria and qualitative governance rules directly into smart contracts while preserving bidder confidentiality from unauthorized participants.
Secured bidder identities from unauthorized access while maintaining full administrative transparency during procurement status updates.
Reduced technical and human-error risks throughout the bid evaluation phase.
Enhanced the efficiency and transparency of public fund expenditures via automated evaluation executed through smart contracts.