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Research on Trusted Data Evidence of Bidding and Procurement Based on Block-chain Technology

Published: 01 June 2024 Publication History

Abstract

The bidding procurement business is a statutory business of the country, therefore there are extremely high requirements for the fairness, transparency, credibility, completeness, and authenticity of information. However, in traditional bidding and procurement activities, the authenticity and completeness of bidding data are easily questioned; Regulatory authorities have also found it difficult to effectively verify transaction data. This article analyzes the core characteristics of block-chain technology and the characteristics of bidding and procurement business, and designs a bidding and procurement platform with block-chain as the underlying technology. This platform stores key information in bidding and procurement activities in block-chain, and utilizes the immutability of block-chain and the sharable nature of data to achieve the certification of bidding and procurement business data. This solves the problem of data being untrue, untrustworthy, and difficult to trace in bidding procurement business. In practical application, this system has demonstrated excellent performance and efficiently supported bidding and procurement business.

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ICBAR '23: Proceedings of the 2023 3rd International Conference on Big Data, Artificial Intelligence and Risk Management
November 2023
1156 pages
ISBN:9798400716478
DOI:10.1145/3656766
Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than the author(s) must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected].

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Association for Computing Machinery

New York, NY, United States

Publication History

Published: 01 June 2024

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