PROJECT SUMMARY

REVOLUTIONIZING COMPETITIVE BIDDING

   

SAVES SAVES CURBS INCREASES

TIME MONEY CORRUPTION EFFICIENCY

BUY TOKENS WHITE PAPER TEST BETA

  SU P P L Y B L O C K . i O | S U M M A R Y 1
 SUPPLYBLOCK
Real-world, international application,
along with a developed prototype and
pipeline of business.

WELCOME TO THE FUTURE

OF PROCUREMENT
Background
Economic activity in any country starts with a competitive bidding
process as an economic driver. As much as 20% of global procurement
spending is wasted due to procedural inefficiencies and corruption.
This amounts to billions of dollars being wasted annually.

Business Case
SupplyBlock is an enhanced procurement technology that addresses
current supply chain challenges in both government and the private
sector by utilizing Blockchain technology.

SupplyBlock is a web-based platform that connects bidders with

supply chain administrators in a secure and transparent environment.
The efficiencies it offers lead to lower risk, higher uptake and more
competitive pricing. Platform configuration is customizable and offers
specific components on a modular basis depending on user needs.

Users of the SupplyBlock Platform include Buyers (clients or contract

initiators looking to build tenders on the system) and Sellers (bidders/
suppliers/service providers).

   

SAVES SAVES CURBS INCREASES

TIME MONEY CORRUPTION EFFICIENCY

2 S U P P L Y B L O C K . i O | S U M M A R Y
 WE’VE REVOLUTIONIZED
COMPETITIVE BIDDING
Co r r upt i o n Fre e , Toke n B a se d P roc u re m e n t

Key Features
 COMPLIANCE - SupplyBlock enforces and ensures compliance
through the following:

1. Generic bid data auto-populates and encourages active, current and

relevant compliance.
2. Proactive early warnings and alerts of documents/certificates
expiring (e.g. tax clearance).
3. Monitoring and lock-out of users who abuse the bid process (early
notification and blacklisting of fraudsters).
4. The ability to filter and block participants of concern, such as
sanctioned entities.
5. A fully documented audit trail (including date and time stamps)
removes potential for manipulation of records.
6. Decentralized application ensures that bid evaluation and adjudication
decision-making is aligned with the policies of the competitive bidding
rules.
7. Decentralized document storage verifies and enforces compliance.
8. The ability to initiate smart contracts which secure payments on the
fulfillment of predetermined performance criteria.
9. Data protection and security with focused cybersecurity embedded in
the solution design.

 INTELLIGENCE - SupplyBlock offers intelligent solutions to radically

improve procurement processes:

1. Advanced algorithms that match data and category searches with

Buyers and Sellers, i.e. a key-word search and filter engine that
becomes more intelligent over time and flags irregularities.
2. The rating system rates Supplier performance against bid
specifications.
3. Multi-industry application.
4. A modular platform.
5. Automated scoring.

BUY TOKENS WHITE PAPER TEST BETA

w w w . s u p p l yS bU lPoP cL kY .Bi Lo O C K . i O | S U M M A R Y 3
T H E S U P P LY B L O C K
Other Online
DIFFERENCE Platforms

Need/s Identification UPLOAD CAPABILITY  No

Budget Approval UPLOAD CAPABILITY  No
Project Approval UPLOAD CAPABILITY  No
Tender Specification/s  Yes  No
Request for Proposal  Yes  Yes
Tender Opening Date  Yes  Yes
Tender Briefing VIRTUAL MEETING CAPABILITY  No
Collection of Data  Yes LIMITED

Tender Close  Yes  Yes

Scoring & Reporting  Yes LIMITED

Tender Evaluation & Adjudication  Yes  No

Full Award Delivery Mechanism  Yes  No
Online Escrow Facility  Yes  No
Online Funding Facility  Yes  No
Bidder Feedback  Yes  No
Contract Management PARTIAL  No
Supplier Performance Rating  Yes  No

BUY TOKENS WHITE PAPER TEST BETA

Questions or comments?
in fo @sup p lyb lo ck.io | w w w.sup p lyb lo ck.io