Blockchain-Based Oversight For Government Tender Processes

Abstract

The government has recently released a tender announcement aiming to fulfill the needs of the general public, along with providing information about Earnest Money Deposit (EMD). Unfortunately, the broader public has not been adequately informed about the tender particulars. Bidders are not complying with the terms and conditions outlined in the bidding schedule. Consequently, the performance of the government-appointed agent representing the bidders is causing dissatisfaction among the general public. In an effort to tackle these concerns, we have selected this project. The research focuses on conducting a comparative analysis of the oversight process employed by the government in selecting a reliable agent or company to fulfill the public's requirements through the tendering process. The objective is to prevent activities like DDoS and MitM attacks by securing the tender details within a system. Failure to address this issue may result in corruption and other undesirable activities.