Blockchain notarization enhances security and trust in procurement processes

The use of blockchain notarization in the procurement sector provides several benefits, including the reduction of fraud in procurement processes, transparency in the procurement process, efficiency in the procurement process, security and confidentiality of data in the procurement process, and trust in the procurement process. However, the use of blockchain notarization is subject to applicable regulations, such as EU Directive 2014/24/EU on public procurement, EU Directive 2014/23/EU on the award of concession contracts, EU Directive 2014/25/EU on procurement by entities operating in the water, energy, transport and postal services sectors, the General Data Protection Regulation (GDPR), and the Electronic Identification, Authentication and Trust Services (eIDAS) Regulation.

Allow Blockchain integration into business processes. Any process & Any Application & Any Device
The foundation group developed the Core components that orchestrate the operations with the blockchain and a number of scalable user friendly dApps, ready to use and freely available, that allow the enterprises to easily manage the interactions between their processes and the underlying blockchain: The Ylium Platform