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ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016
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Issue: November 2022

Volume 7 | Issue 11

Impact factor: 8.15

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Paper Title: SMART E-TENDERING SYSTEM USING BLOCKCHAIN
Authors Name: SARVESH KADWE , AKASH MHAISDHUNE , MOHIT PATIL , PUSHKAR ZALTE , PROF. ASHRITA H. JOSHI
Unique Id: IJSDR2211105
Published In: Volume 7 Issue 11, November-2022
Abstract: As per survey the current e-tendering processes are not open to everybody involved, which means information isn't shared with all parties involved. When a corporation is chosen as the winner of a contract, for example, the information is disseminated as they wish. Organizations that bid on a same tender aren't told why their proposal was rejected or why one company was chosen as the winner. A corporation can request this information, but obtaining it is a time-consuming process, as a fact that checking result papers is possible and reviewing them takes time. A side from not being transparent, the security of these portals is a major worry, as it can lead to fraud and data manipulation in a central database. If a hacker acquires access to this central database, bids can be shared with competitors, resulting in severe financial and strategic losses for a corporation. By and large, the Tenders or agreements are utilized by legislatures and organizations to get labor and products. On account of flawed processes, ill-advised delicate the executives result in critical losses. Contractors are leaned toward, records aren't kept as expected, there's an absence of transparency, there's hacking, information is changed, things like these happens various times. To defeat this issue, we will utilize a straightforward and secure encryption combined with reliable block-based engineering for exchange the executives. For this situation we will utilize block bind exchange-based records alongside exchanges such as to give a totally straightforward offering process, delicate reports, applications, bid recommendations, organization profiles, past records, endorsing official subtleties, furthermore, dismissal subtleties are undeniably required. So, we will implement the system with blockchain along with machine learning algorithm approach for prediction of the best company classification for the tender, we are going to use the dataset from Kaggle and also, we will make our own datasets.
Keywords: Blockchain, Tenders, Bidders, Contractors, Encryption, Portal, Machine learning
Cite Article: "SMART E-TENDERING SYSTEM USING BLOCKCHAIN", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.7, Issue 11, page no.765 - 769, November-2022, Available :http://www.ijsdr.org/papers/IJSDR2211105.pdf
Downloads: 000150694
Publication Details: Published Paper ID: IJSDR2211105
Registration ID:202692
Published In: Volume 7 Issue 11, November-2022
DOI (Digital Object Identifier):
Page No: 765 - 769
Publisher: IJSDR | www.ijsdr.org
ISSN Number: 2455-2631

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