The problem HackTender solves

Lack of transparency in the tendering process and assigning contracts to agencies for road development etc. has led to unwise use of money and the spirit of speculation. This is currently due to the age old tradition of using papers and post while creating and filing tenders in government offices. HackTenders is an innovative web app which uses one of the most rapidly growing domains of technology i.e. blockchain to solve the problem of tenders being so untransparent, particularly in a country like India. It combines the power of 2 decentralized platforms namely BigchainDB and Inter Planetary File System to make the tendering process super secure and tamper proof.

Challenges we ran into

We utilised public blockchain to increase transparency and reduce corruption. Using a public blockchain meant the every bidder can see quotations from other bidders, as a result the bidders can try to low ball the lowest bid by a small value.