Abstract
Tendering is a lengthy and complex business process that results in several legal obligations associated with corporate contracts. Several Asian governments used an e-tendering system to carry out the tender procedure. By facilitating the procurement process with linked parties, e-tendering attempts to promote productivity, effectiveness, and transparency in the tender process. Problems with the e-tendering system remain centralized, giving local groups complete control over the database and system, increasing the risk of fraud, collusion, and manipulation. To avoid bidder fraud and suspicion, the highly competitive contract selection process must be supported by effective and transparent technology. Blockchain is one of the solutions that enable integrated systems without a third party because it conforms to the decentralized nature of distributed databases, copies of which are held by many users, allowing each system user to adopt transparent and distributed control measures. This study investigates the use of a blockchain prototype for the tendering process using Hyperledger. The prototype's performance was evaluated and tested. The REST API and the website's performance were assessed during performance testing. This study provides findings to aid in the decision to use blockchain in the tender process.
Published Version
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