Mexico Developing Blockchain Powered Public Contract Bids Tracker

Apr 05, 2018 at 11:44

A government official revealed that Mexico is working on a project to track bids for public contracts using blockchain technology.

Mexico’s national digital strategy coordinator Yolanda Martinez said in a tech conference in Jalisco that the project called Blockchain HACKMX has been in production since September last year.

She explained that the system was initially developed by a team of university graduates whose design won a contest calling for blockchain solutions that can help improve public services.

“With blockchain applied to public contracts we’ll be able to know whether a company that provides services to the government is trustworthy,” Martinez further expressed in a tweet.

Meanwhile, in an interview by local news outlet Debate, the official mentioned that the technology would also eliminate the “easily corruptible” human element and introduce transparency to the public tender process.

Martinez also noted that through the project, the government will be capable of recording the whole bidding process, which will be useful in auditing such transactions.

It can be noted that public contract corruption is a sensitive issue in Mexico as a recent high-profile scandal involved a major South American construction firm as allegations were made that bribes from the company funded the political campaign of president Enrique Pena Nieto.

According to Transparency International, an anti-corruption non-governmental organization, Mexico ranks 135th out of 180 in its corruption perceptions index.