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INTERNATIONAL JOURNAL OF CREATIVE RESEARCH THOUGHTS - IJCRT (IJCRT.ORG)
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ISSN Approved Journal No: 2320-2882 | Impact factor: 7.97 | ESTD Year: 2013
Call For Paper - Volume 12 | Issue 7 | Month- July 2024
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Published Paper Details:
Paper Title
AN EFFICIENT FRAMEWORK FOR SMART TENDER/CONTRACT MANAGEMENT SYSTEM
Authors
Moratanch N, Santhoshkumar R, Siva Sanjai J G, Sudhakaran M
Keywords
E-Tendering & Bidding, Block chain, Smart contract, MetaMask.
Abstract
Tenders must be included in the procurement process for companies and government organizations. facilitating the acquisition of necessary products and services for seamless operations. Mismanagement of bids, marked by issues such as favouritism, inadequate record-keeping, and lack of transparency, poses significant financial risks and harms organizational reputation. Block chain technology emerges as a secure, decentralized ledger system, ensuring tamper-proof transaction recording. Complemented by encryption, it transforms sensitive information into unreadable code, safeguarding tender specifications, bid submissions, and approval details. This innovative approach guarantees transparency and safety in the tendering process, effectively mitigating risks associated with mismanagement of tenders and contracts while establishing a secure foundation for procurement operations.
IJCRT's Publication Details
Unique Identification Number - IJCRT2403290
Paper ID - 252520
Page Number(s) - c310-c320
Pubished in - Volume 12 | Issue 3 | March 2024
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Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882
E-ISSN Number - 2320-2882
Cite this article
Moratanch N, Santhoshkumar R, Siva Sanjai J G, Sudhakaran M, "AN EFFICIENT FRAMEWORK FOR SMART TENDER/CONTRACT MANAGEMENT SYSTEM", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.12, Issue 3, pp.c310-c320, March 2024, Available at :http://www.ijcrt.org/papers/IJCRT2403290.pdf
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Volume 12 | Issue 7
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Submit Manuscript Online Impact Factor: 7.97 Review Results : Within 02-03 Days Paper Publication : Within 02-03 Days
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
ISSN and 7.97 Impact Factor Details
ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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