The Systems Approach and Design Path of Electronic Bidding Systems Based on Blockchain Technology

Abstract

The electronic tendering and bidding system has realized the digitalization, networking, and high integration of the whole process of tendering, bidding, bid evaluation, and contract, which has a wide range of applications. However, the trust degree, cooperation, and transaction efficiency of the parties involved in electronic bidding are low, and bidding fraud and collusion are forbidden repeatedly. Blockchain technology has the characteristics of decentralization, transparent transactions, traceability, non-tampering and forgery detection, and data security. This paper proposes a design path of an electronic bidding system based on blockchain technology, which aims to solve the efficiency, trust, and security of the electronic trading process. By building the underlying architecture platform of blockchain and embedding the business process of electronic bidding, this realizes the transparency, openness, and traceability during the whole process of electronic bidding. This paper uses qualitative and quantitative methods to prove the effectiveness of the system.