Transforming Public Procurement Contracts Into Smart Contracts

Pauline Debono
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Pauline Debono: Malta Information Technology Agency, Malta

International Journal of Information Technology Project Management (IJITPM), 2019, vol. 10, issue 2, 16-28

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.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:igg:jitpm0:v:10:y:2019:i:2:p:16-28

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