Project: Public Procurement Advisory Unit Blockchain Project

Responsible organisation: House of Lords (Governmental)

A House of Lords report, highlighted the transformational impact that distributed ledger technology could have on public services - noting public procurement as one of the areas that could be transformed. According to the report, distributed ledger technology has the potential to provide greater visibility and understanding of the supply market, and enable moves towards a more distributed model for public sector buying. The report also notes the potential of smart contracts to enable a dynamic public procurement model.

Additional information

Source Emerging technologies in public procurement
Web site http://chrisholmes.co.uk/wp-content/uploads/2017/11/Distributed-Ledger-Technologies-for-Public-Good_leadership-collaboration-and-innovation.pdf
Start/end date 2017 -
Still active? Yes

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