12
views
0
recommends
+1 Recommend
0 collections
    0
    shares
      • Record: found
      • Abstract: found
      • Article: found
      Is Open Access

      Fair and Transparent Blockchain based Tendering Framework - A Step Towards Open Governance

      Preprint
      , ,

      Read this article at

      Bookmark
          There is no author summary for this article yet. Authors can add summaries to their articles on ScienceOpen to make them more accessible to a non-specialist audience.

          Abstract

          Society is in constant transition to keep up with technological advancement, we are seeing traditional paradigms being increasingly challenged. The fundamentals of governance are one such paradigm. As society's values have shifted, so have expectations of government shifted from the traditional model to something commonly referred to as 'open governance'. Though a disputed term, we take open governance to mean a concept, which encourages and facilitates openness, accountability, and responsiveness to citizens. For the success of open governance initiatives, there are some technologies, such as the internet, that are crucial. These technologies enable access to both the data and to engagement activities between citizens and government. There are also other technologies, like blockchain and smart contacts, which could be utilised to assist open governance. A sound starting point would be moving from a system where information is tediously released by a government, on an 'as they please' basis, to an infrastructure where critical actions are captured with strong integrity, non-repudiation and evidential guarantees. With an added dimension that facilitates these actions record be accessible to public scrutiny in near real-time. One candidate technology for capturing such actions is blockchain. The blockchains utility is being recognised through smart contracts - potentially a vital building block to realising open and transparent government activities. In this paper, we employ the concept of smart contracts to government tendering activities. The proposed scheme is based on smart contracts, enabling a fair, transparent and independently verifiable (auditable) government tendering scheme. The scheme is then implemented on the Ethereum platform to evaluate the performance and financial cost implications, along with an evaluation of the potential security and auditability challenges.

          Related collections

          Most cited references6

          • Record: found
          • Abstract: not found
          • Conference Proceedings: not found

          On the Security and Performance of Proof of Work Blockchains

            Bookmark
            • Record: found
            • Abstract: not found
            • Article: not found

            An Open Government Maturity Model for social media-based public engagement

              Bookmark
              • Record: found
              • Abstract: not found
              • Conference Proceedings: not found

              Formal Verification of Smart Contracts

                Bookmark

                Author and article information

                Journal
                15 May 2018
                Article
                1805.05844
                2f3faca8-1927-4ee0-a1e1-e7f40eed184f

                http://arxiv.org/licenses/nonexclusive-distrib/1.0/

                History
                Custom metadata
                9 Pages, 9 Figures, 4 Tables, 5 Algorithms, Conference
                cs.CR

                Security & Cryptology
                Security & Cryptology

                Comments

                Comment on this article