Tag Archives: procurement

Ran into Stacy B. at Cogent Law Group (Washington DC) (http://www.cogentlaw.co/ ) recently and we were wondering if government contracts would be a reasonable use case for applying blockchain.

Let’s see…

  • Voluntary and distributed electronic participants … check.
  • Transfer of some sort of high value assets, ownership, or monetary units … check.
  • A process intensive flow of data (back and forth) that must have an audit trail … check.
  • Encryption desired… check.
  • Identity of participants matters to the transaction…check.
  • Eventual placement of contractual award of some sort with deliverables fully tracked through a detailed life cycle… check.

Yes… this is a fantastic use case.  In fact, Cogent Law Group, as a member of GBA will be leading our working group that tackles this topic.

For a full discussion on this, browse here:

https://www.linkedin.com/pulse/government-contracting-community-ready-next-tech-stacey

If you’d enjoy getting involved (i.e., contribute to the working group), please message [email protected]

 

Question:  what are the top criteria for a blockchain implementation—or smart contact that could serve the contracting officers in a governmental organization?  Please comment below.