Articles
| Open Access |
DOI:
https://doi.org/10.37547/supsci-ojhpl-05-05-06
OPPORTUNITIES AND PROSPECTS FOR APPLYING BLOCKCHAIN TECHNOLOGY IN PUBLIC PROCUREMENT
Elbek Baxodirov ,Abstract
This article is dedicated to exploring the opportunities and prospects of applying blockchain technology in public procurement systems. The study analyzes blockchain’s advantages in ensuring transparency, security, and combating corruption. Existing challenges in public procurement, such as conflicts of interest and illegal practices, are examined, and solutions using blockchain are proposed. The research is based on analyzing international experiences and evaluating the applicability in the context of Uzbekistan. The findings highlight blockchain’s potential to digitize public procurement, enhance efficiency, and foster a trustworthy environment.
Keywords
Blockchain, public procurement, transparency, corruption, digitization, smart contracts, security.
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