Transforming Public Procurement Contracts Into Smart Contracts

Pauline Debono

Source Title: International Journal of Information Technology Project Management (IJITPM)10(2)

ISSN: 1938-0232|EISSN: 1938-0240|EISBN13: 9781522564874|DOI: 10.4018/IJITPM.2019040103

MLA

Debono, Pauline. "Transforming Public Procurement Contracts Into Smart Contracts." IJITPM vol.10, no.2 2019: pp.16-28. http://doi.org/10.4018/IJITPM.2019040103

APA

Debono, P. (2019). Transforming Public Procurement Contracts Into Smart Contracts. International Journal of Information Technology Project Management (IJITPM), 10(2), 16-28. http://doi.org/10.4018/IJITPM.2019040103

Chicago

Debono, Pauline. "Transforming Public Procurement Contracts Into Smart Contracts," International Journal of Information Technology Project Management (IJITPM) 10, no.2: 16-28. http://doi.org/10.4018/IJITPM.2019040103

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Abstract

The terms governing the provision of supplies, services, or works by an economic operator to a governmental entity are set into a public contract that is signed, following a procurement process. This article explores whether the public administration can utilise smart contracts to incorporate the terms governing the provision of supplies, services, or works. The fundamental elements of a contract are assessed, in order to determine whether a smart contract can be considered as fulfilling these requirements. Following this assessment, the main hurdles to the use of smart contracting are examined and a possible solution proposed. The case for utilising smart contracting within the realm of public procurement is finally advocated.