The Ministry of economic development of the Russian Federation and VEB are testing the technology of the blockchain in the procurement process, namely the return of the Deposit to the bidder.
«The Ministry of economic development of Russia together with Vnesheconombank has been testing the technology of the blockchain at one stage procurement procedures for the Ministry. In particular, in the framework of the pilot tested the possibility of automatic return of the bail to the bidders and credited to their accounts according to the results of established procedures based on the logic of the smart contract,» the Ministry said.
The pilot is designed to increase transparency and to increase the speed of procurement.
«The expected effect – digitization procedures, process automation, minimization of human factor and, consequently, increase efficiency. According to the results of the pilot will decide about the possibility and timing of a full-scale introduction of this technology,» – said in the Ministry.