Mexico to Conduct First Public Procurement Procedure on Blockchain

A blockchain project birthed at a Mexican hackathon in April 2018 has, in turn, led to the Mexican government to begin conducting a public procurement procedure via a blockchain network.

This will be Mexico’s first use of the technology for this purpose and is a bid to bring transparency to a public tender; the organizers will be publicly releasing the white paper and object of tender in late August.

According to Mexican business news outlet El Economista, the governance model of the network is a collaboration between several government entities, notably the Coordination of the National Strategy and the Digital Government Unit as well as the consultancy of Mexico’s blockchain industry and international experts.

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