Smart contracts in public procurement system Department:Public Administration By: sifypatprojects Project ID: 9243 Rating: (5.0) votes: 1 Price:₦5000 Get the Complete MaterialAbstractPublic procurement systems are critical to government operations, accounting for a significant portion of public expenditure and service delivery. However, these systems are often affected by challenges such as corruption, inefficiency, contract mismanagement, lack of transparency, and delayed execution of projects. In recent years, emerging technologies such as blockchain-based smart contracts have been proposed as innovative solutions to improve accountability and efficiency in procurement processes. This study examines the application of smart contracts in public procurement systems, focusing on their potential to automate procurement processes, enforce contractual obligations, and enhance transparency in government spending. Smart contracts are self-executing digital agreements stored on blockchain networks that automatically execute predefined conditions without the need for intermediaries. The study adopts a qualitative research approach based on secondary data derived from academic literature, policy reports, and case studies. Findings reveal that smart contracts can significantly reduce corruption risks by ensuring that procurement processes are transparent, tamper-proof, and automatically enforced once conditions are met. They also improve efficiency by reducing delays, paperwork, and human interference in contract execution. However, the study identifies several challenges, including legal uncertainty, technical complexity, lack of digital infrastructure, resistance to change, and cybersecurity concerns. These limitations hinder the widespread adoption of smart contract systems in public procurement, especially in developing countries. The study concludes that smart contracts have strong potential to transform public procurement systems by improving transparency, accountability, and efficiency. It recommends the development of supportive legal frameworks, capacity building for public officials, and gradual implementation through pilot projects to ensure effective adoption....Preview Download Preview +Other Public Administration project topics and materials you might be interested in»Impact of industrial conflict on the performance of workers in the government parastatal (a case study of Nigeria National Petroleum Corporation (NNPC)»Human resources as a catalyst for economic growth and development in Nigeria (a case study of Abuja municipal area council) »The influence of effective personnel management practice in organization performance»Local government financial autonomy and grass root development in Nigeria (a case study of Afikpo north local government area)»Effects of delayed payment of lecturers salaries and wages on students performance»Manpower training and development as a tool for effective performance in public sector in Nigeria»The impact of poor revenue generation on the development of Local Government Areas»Enhancing political stability in Nigeria through good governance ( a case study of Abia state)»Fuel subsidy removal and the Nigerian economy (a case study of Abakiliki local government area, Ebonyi state) »Niger-Delta crisis and its impact on socio-economic development in Nigeria»Accountability and corruption in local government in Nigeria (Case study of Bonny local government area of Rivers state)»Political instability a major hindrance to effective policy implementation and good governance (a case study of Nigeria 1983 -1999)»Bureaucracy and efficiency (a case study of Enugu state civil service)»Impact of collective bargaining techniques on industrial relations practice (a case study of two selected firms from NUPENG and NUBIFE)»The level of implementation of the pension act in federal polytechnic: (a study of Akanu Ibiam federal polytechnic, Unwana Afikpo Ebonyi state)