Peru Compras, a reference in Latin America after registering more than 154 thousand purchase orders in Blockchain

The Central de Compras Públicas “Perú Compras”-the main governing Bitcoin Future body of public purchases and contracts in Peru- announced, this September 2, in a press release, that it has surpassed the parameter of digital purchases, with a total of 154,400 purchase orders registered in blockchain since it implemented this technology to guarantee transparency and the fight against corruption in public contracting.

The 154,400 public purchase orders registered in the blockchain of the Central de Compras Públicas, administered by Peru Compras, represent a contracted amount of 1.54,375,120, 80 soles, equivalent to some 430 million dollars.

The Peruvian agency Peru Procurement is a public entity that is attached to the Ministry of Economy and Finance of the region, with the objective of optimizing public procurement throughout the country.

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On April 15, 2019, it established the use of this disruptive technology to the purchase orders of the Electronic Catalogues, in order to take advantage of its own qualities and in this way to achieve its objectives, so, according to the press release, it is the first country to apply the technology of the block chain for these processes in Latin America.

He also referred that, precisely because of the use of this innovative tool, Peru Compras was invited to the event #InspiraDigital 2020, organized by Inspira It CONSULTING, a company that seeks to help companies optimize their business processes through the assistance of information technologies, which brought together representatives of public and private institutions from Latin America and the Caribbean from August 24 to 28. At this meeting, the Head of the Information Technology Office of Peru Compras, Jesús de Souza Castro, presented to his counterparts from Ecuador, Colombia, Bolivia, Chile and Puerto Rico, his contribution of the Peruvian experience to the digital transformation in public contracting.

Blockchain in Public Procurement
The main governing body of public purchases and contracting in Peru, mentions that, by means of blockchain technology, each of the different purchase orders presented by the Peruvian State, as well as the respective offers received by them, is registered in multiple servers (nodes), which ensures that the information is not adulterated, thanks to the application of this disruptive technology that allows the order data to remain immutable and available to any person.

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Each purchase order has a QR code, which contains an access to the original document of the order in PDF version, which can be read with any Smartphone, verifying the authenticity of the document.

The article details that, blockchain ensures the availability and immutability of data in the process of classic purchase (a single destination with a single delivery), purchase by package, partial deliveries (a single destination with several deliveries), multi-destination deliveries (several destinations with a single delivery) and a combination of the latter (several destinations with one or more deliveries).

Peru Compras’ solution is supported by the law of transparency and access to public information. This entity has deemed it convenient to use the blockchain for two purposes: first, to tokenize purchase orders in order to generate traceability, and second, to immortalize the bidding data. This guarantees that during the entire process of selecting the winning bidder, no one can modify the data directly in the database (if they have access) without leaving a trace that such fraud has taken place, thus constituting a high-value audit trail to ensure the transparency of the entire process.

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The purchase orders are registered in the blockchain of LAC-Chain network administered by the Inter-American Development Bank (IDB) through BIDLab, in addition to this, all the “hashes” or digital evidence are registered in a PDF document that includes a time stamp and signature generated by a software accredited by INDECOPI, by the company providing digital certification services Bigdavi, which is also part of the LAC-Chain nodes.