MEXICAN GOVERNMENT BELIEVES BLOCKCHAIN TECH CAN BE USED TO TRACK BIDS FOR PUBLIC CONTRACTS.

MEXICAN GOVERNMENT BELIEVES BLOCKCHAIN TECH CAN BE USED TO TRACK BIDS FOR PUBLIC CONTRACTS.

On Tuesday 3rd April 2018, Yolanda Martinez Mexico’s national digital strategy coordinator revealed that the government of Mexico had been quietly working on a project to track bids for public contracts using blockchain. Originally developed by a set of university graduates, it won a contest calling for blockchain solutions that can make public services more efficient.
Yolanda revealed that the project had been on since last September. This was at a tech conference in Jalisco called Blockchain HACKMX.
She said: “With blockchain applied to public contracts we’ll be able to know whether a company that provides services to the government is trustworthy,” Yolanda also told attendees that the blockchain would get rid of the already existing corrupt human factor and bring about transparency to the people. She also noted that because of the storage of records, audit will be easier and fair.
Although details about the project are not available, it is hoped that the project will eventually be rolled out to the public, seeing that the government is eyeing it as a solution for states and local governments in particular. Various platforms such as Ethereum, bitcoin, hyperledger fabric and more could potentially host the network. The benefits are weighed in a presentation titled Blockchain HACKMX which says that computers participating in the network would be run by a mix of universities, civil society groups, private companies and government offices.

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