Amid the kickbacks controversy, the government has decided to use new-age technology to ensure transparency in the tendering process. This is to track every authenticated vendor\/contractor before allocating new projects.<\/p>\n
Over the years, incomplete or pending public projects have resulted in several private firms being blacklisted from applying for government tenders. Yet, the same companies shift their base to other states to apply afresh for new projects and co<\/p>\n
ntinue to misuse public funds without adequate expertise or track record, sources say.
Using crypto technology, theCentre for Smart<\/u> Governancehas developed a vendor blockchain that will keep a chronological record of every vendor\/contractor who has registered on theKarnatakae-procurement portal or in any other state, and intends to bid for a project.<\/p>\n
The CSG will try to get on board other state governments and tender-inviting agencies across the country, so that more stakeholders will utilise the blockchain.<\/p>\n","protected":false},"excerpt":{"rendered":"