The Indian government has deployed high-end technologies like blockchain and artificial intelligence (AI) in its public procurement portal (GeM) to enable smooth transactions between buyers and sellers. As a result, the portal is touted to be more dynamic as the supply chain will be revamped to a safer and distributed infrastructure.
Solving the procurement headache
Without a doubt, procurement faces numerous challenges based on the many players involved. GeM seeks to solve this stalemate by using blockchain’s proof of concept to source items like drugs in bulk seamlessly.
GeM CEO Talleen Kumar acknowledged that the proof of concept architecture was already being used in two Indian districts. He said:
“A blockchain project for Proof of Concept for showcasing product supply chain visibility and traceability in the procurement of medicines in bulk in two districts of Uttar Pradesh…and by establishments under the Director-General, Armed Forces Medical Services (DGAFMS) is…