IIT Kanpur-Backed Company To Help Karnataka Government Develop Blockchain Network
NDTV
The blockchain network will be developed as a “decentralized trust and efficiency layer for all eGovernment Procurement (e-GP) systems across the country,” IIT Kanpur said.
CRUBN, an Indian Institute of Technology (IIT) Kanpur incubated company, has partnered with the Centre for Smart Governance, a software development agency of the Karnataka Government, to develop a blockchain network across the country.
The blockchain network will be developed as a “decentralized trust and efficiency layer for all eGovernment Procurement (e-GP) systems across the country,” IIT Kanpur said.
“e-GP systems cater to the procurement and tendering requirements of various government departments and organizations. Though e-GP systems have contributed to enhanced efficiency and transparency in government procurement, there is potential for further advancement of the existing systems,” it added.
The partnership aims to ease the hassle of the existing systems by making more than 50 operational e-GP systems across the country interoperable.
