Smart Tender Management System Using Blockchain in Python
Shrikanth M S1, Ashwini C2
1Shrikanth M S, Student, Department of MCA, UBDTCE, Davangere.
2Ashwini C, Assistant Professor, Department of MCA, UBDTCE, Davangere.
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ABSTRACT -Blockchain technology has been adopted by a number of industries, including government agencies, financial services, healthcare, and agriculture, to improve their operations in the quickly changing modern world. But the industry for tenders hasn't yet completely realized all of its advantages. Due to problems including bias, bad record-keeping, lack of transparency, vulnerability to hackers, and data tampering, inadequate tender management procedures can cause large losses. We suggest using blockchain technology to ensure improved security and effectiveness in tender management as a solution to these problems. We can create a secure transaction management system that protects important documents and transactions related to the tendering process by utilizing encryption and the immutable nature of blockchain. By safely storing bid proposals, firm profiles, historical data, tender documents, and other information, this system fosters transparency and integrity.
The Admin and Company modules are the two main components of the Smart Tender Management System. Administrators can oversee applications, handle tenders, and keep an eye on transaction logs with the help of the admin module. Companies can register, submit proposals, and monitor the status of their applications using the Company module. The solution improves security, lowers expenses, and simplifies tender processing by doing away with intermediaries and utilizing strong encryption techniques. This fosters an easy-to-use and effective experience for all parties involved
KeyWords: Block chain Technology, Encryption, Smart Contracts, Tender Management.
