Skunkworks Project Suggestion: Tendering platform on Scroll

[paroleev]

Name of the project

Conbid

Project abstract

Generally, the Tenders or contracts are used by governments and companies to procure goods or services. Wrongful tender management leads to huge losses in case of faulty practices. This includes favouring of contractors, improper record maintenance, lack of transparency, hacking, data modification and other issues. To overcome this problem, we have used a simple and secure blockchain technology and to secure by encryption coupled with indisputable blockchain based architecture for transaction management. In this case we make use of blockchain technology to secure transaction-based documents along with transactions such as tender documents, applications, bid proposals, company profiles, past records, approving officer details, rejection details to ensure a completely transparent tendering process.​

Specification

The motivation behind this project is to address the persistent challenges in tender management, such as fraud, inefficiency, and lack of transparency. By implementing blockchain, we intend to eliminate data manipulation, reduce administrative overhead, and ensure fair competition. This system will empower organizations to make data-driven decisions, reduce costs, and foster trust among participants, ultimately fostering a more equitable and efficient tendering ecosystem.​ sc