Efficient approach for Tendering by introducing Blockchain to maintain Security and Reliability

Abstract

The problem with present tendering is its reach which is limited to number of people, though the internet is expanding and tendering is also not far from this, we have some online system for tendering but it is not secure as it should be because tendering has confidential data which is not supposed to be leaked and Blockchain solves that problem efficiently. The motive of this research is to find the better ways for tendering, as tendering is very essential part of businesses and development so improvement of this system leads to better development. Time efficiency, employment, fair system are some of the factors which can be improved by the proposed system of this research.