The new network will be a pan-India system that would reduce the time and cost associated with public procurements made using e-GP systems. IIT Kanpur
An IIT Kanpur-incubated company, CRUBN, has teamed up with the Centre for Smart Governance under the Karnataka government to develop a blockchain network as a decentralised trust and efficiency layer for all eGovernment Procurement (e-GP) systems across the country.
CRUBN provides the latest blockchain solutions for governments and business entities, while the Centre for Smart Governance is the premier software development agency of the Karnataka government.
The partnership aims to ease the hassle of the existing systems by making the more than 50 operational e-GP systems across the country interoperable.
IIT Kanpur director Prof Abhay Karandika said, “I am delighted for the team of CRUBN. They have come forward to help develop a key blockchain network across the country that would enrich the existing e-governance systems.”
E-Government Procurement (e-GP) systems cater to the procurement and tender requirements of different government departments and organisations. Such systems have already enhanced efficiency and transparency in government procurement but there is potential for further advancement in this regard.
The new blockchain network will be used for validating the claims of suppliers along with their identities. It will connect all the e-GP systems through a network, helping them retrieve and validate all relevant supplier data. It will also digitise bank guarantees by powering them using the trust-based automation of blockchain.
When fully operational, this pan-India system would reduce the time and cost associated with public procurements made using e-GP systems.