Digitization of the three way Client-Agency-Vendor e-procurement process from requisition through purchase.
Backed by blockchain based smart contracts, the solution maintains immutable records of all transactions and conversations between the negotiating parties through all process stages, namely Requisition, RFP/RFQ, Pre-submission conversations with vendors, Quote/Proposal submission, Negotiations, Evaluation of proposal, Selection and Approval of vendor.
The solution saves costs and creates a high-trust ecosystem by eliminating risk of fraud and ensuring complete transparency among various stakeholders.