Today the Asian Development Bank published a paper exploring the possibility of a blockchain based e-Government procurement (e-GP) platform. The
report was co-authored by a World Bank staffer, S.M. Quamrul Hasan. While more than 200 countries already have electronic procurement systems in place, these are siloed. The aim is for governments to share data about suppliers.
For example, there could be a global database of suppliers and a shared authenticated log of work experience certificates. Across the world that’s likely to involve millions of companies. Suppliers could be keen on the idea because they could potentially win work from neighboring governments.
Additionally, banks could integrate with the single blockchain platform and provide proof of Performance Bank Guarantees on behalf of a supplier.
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