Skip to main content

Digital public works certification with blockchain and cloud

Public works projects are typically large and involve mountains of paperwork and certifications around legal, financial, and ethical standards. In Italy, companies tendering bids for public works contracts of more than EUR 150,000 must be certified through a process that entails reviewing 10 years’ worth of an applicant’s business records. Much of this is done through manual workflows. This makes collecting, organizing, reviewing, and storing documents slow and tedious, with a lot of back-and-forths.

Once documents are filed in a management system, they’re inaccessible to outside stakeholders, leading to uncertainty about their correctness, completeness, and authenticity. To compound matters, the process lacks a documented audit trail — traceability now required by the National Anti-Corruption Authority (ANAC).

Challenges to modernize this certification process led UNIONSOA (The National Association of Certification Bodies Society as known as SOAs) to identify an opportunity for growth.

The certification customer experience: An opportunity for growth

The digital solution we envisioned supports the Italian government’s goal to reduce bureaucracy, simplify processes and increase transparency in the procurement sector. And it provides us with the opportunity for generating new business by offering an improved customer experience. With around 29,000 contractors in the market for certification, the growth potential is considerable.



Reducing errors, speeding workflow, and ensuring accuracy

Using this solution, the team created an archive containing roughly 12,000 virtual dossiers that can be immediately consulted out of a total of 29,000 certified Economic Operators operating in Italy. They’re also accessible to ANAC and therefore help eliminate time and resources spent in handling controls and audits.

From concept to testing, the process took just nine months — even under the challenging conditions created by the pandemic.

By streamlining a slow and error-prone process through automated workflow, staffers are freed for higher-value work. And blockchain’s immutable DLT boosts information accuracy, trust, and transparency. The bottom line: the solution differentiates UNIONSOA by enhancing the certification customer experience.

Have More Questions!!      

Email at: - sales@blockchaindevelopments.io

Connect with expert team: - https://bit.ly/2B32Az7

Comments

Popular posts from this blog

Security Token Offering Services(STO) | Codezeros

Stay at the top of growth wave with quality token development. Security tokens are just a more flexible version of regular securities, only more efficient. They are cryptographic tokens that pay interest and dividends or share profits to token holders based on an asset like shares, real estate, or bonds. Some of the major benefits of opting for STO development are as follows: Traded as securities Credibility Low Fees Decentralized assets remain decentralized An enterprise or a startup will sell its digital asset- its cryptocurrency, to its investors and whosoever, supports the project financially. This sale of their cryptocurrency or a fraction of it will happen in a pre-decided currency form of USD, Euros, or a cryptocurrency like bitcoin. This process will be followed by whitepaper creation and a pitch deck. Later on, after Tokenomics of the cryptocurrency and smart contracts, a pre-STO landing page is created. This process comprises of STO solutions that we provide. We...

Secure Blockchain Development | Codezeros

Let’s remodel the traditional business rule to a distinct level This digital era demands secure business ideas and with Blockchain technology it is easy. Blockchain development companies are attempting to command Blockchain technology for enhancing business performance and stabilizing security concerns. Being an experienced blockchain development company, we understand the importance of this technology and cater to all the related blockchain solutions with optimum quality. We have never missed serving accurate and holistic client experience through our blockchain development services. We use agile methodologies to create your desired end product with high quality and 100% scalability. We work with you closely, providing full disclosure of the progress of the work on every step and deliver the final product on-time. Our gamut of Blockchain Development Services for every business. Our customized Blockchain Development Services allow us to create the right digital currency exchang...

Smart contract in Blockchain

A technology that will change the way you trust through an automated contract management system. A smart contract is an agreement between two parties in the form of computer code. They run on the blockchain, so they are stored on a public database and cannot be changed. The transactions that happen in a smart contract processed by the blockchain means they can be sent automatically without a third party. In 1994, Nick Szabo (a cryptographer), came up with the idea of being able to record contracts in the form of computer code. This contract would be activated automatically when certain conditions are met. This idea could potentially remove the need for trusted third-party companies (such as banks). But why? The answer is simple — because you no longer need a trusted third party when you make a transaction. Instead, the contracts (or transactions) are self-executed on a trusted network that is completely controlled by computers. Cool idea, right? Szabo worked on this idea for many y...