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The government of the Spanish autonomy Aragon announced the collaboration with the Blockchain platform in public administration area. How will it change the workflow of the government?
Aragon is a small autonomous community in Spain. Lucky for them, their finance minister turned out to be a fan of new technologies and Blockchain in particular. Recently he claimed: "The technology of the distributed ledger has a huge potential, this is undeniable. It will help to increase the transparency and efficiency of the government management and will also attract new commercial projects. "
Aragon’s Blockchain partner is a global ecosystem, a "big computer", that various organizations can use to communicate with each other and exchange documents and other data. This collaboration will allow Aragon to modernize public administration and services, including public procurements, the area which often becomes a subject of fraud.
How does the ENDO Protocol manage public procurements?
Firstly, a government official forms a request, that contains all the information on what needs to be procured. This request publishes in the open Blockchain Auction, where contractors compete with each other, offering the most favorable price. The winner concludes a smart contract with the government, where all the details on the request are clearly spelled out. After the job is done, the contractor has to verify the full and qualitative execution. An inspection examines the procurements and makes a document on full compliance. Being verified in the Blockchain, this document obtains full legal force and serves as the evidence of the completed execution. Only when this is done, the smart contract transfers the remuneration. In case the payment transfers by bank, the smart contract verifies a payment document.
Transparency of this system will lead to a free market competition and a proper control over the fulfillment of obligations. Together this will contribute to the fruitful work of improving the welfare of citizens.
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