IIT Kanpur’s CRUBN to aid Karnataka govt develop blockchain network across India

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Vishu
Vishu Verma
Assistant Manager
Updated on Nov 18, 2021 12:40 IST

Once fully operational, the system will be a pan-India system that will reduce the time and cost associated with public procurements made using e-Government Procurement (e-GP) systems. 

CRUBN, an incubated company of the Indian Institute of Technology (IIT) Kanpur that provides state-of-the-art blockchain solutions for government and business entities across the world, has joined hands with the Centre for Smart Governance, a premier software development agency of the Karnataka government, to develop a permissioned blockchain network as a decentralised trust and efficiency layer for all e-Government Procurement (e-GP) systems across the country. 

e-GP systems cater to the procurement and tendering requirements of various government departments and organisations. Though e-GP systems have contributed to enhanced efficiency and transparency in government procurement, there is potential for further advancement of the existing systems. The partnership aims at easing the hassle of the existing systems by making more than 50 operational e-GP systems across the country interoperable, which, up till now, work in silos. 

Initiative will make India a technology super power: Director 

Abhay Karandikar, Director, IIT Kanpur, said, “We have a dynamic space within the Startup Incubation and Innovation Centre (SIIC) that helps in breeding innovations. All incubatees of the SIIC have been contributing to the country in various means, and in time of crucial need. I am delighted for the team of CRUBN, who have come forward to help in developing a key blockchain network across the country that would enrich the existing e-governance systems. This will help IIT Kanpur in realising the vision of Atmanirbhar Bharat in state-of-the-art technologies and making India a technology super power.”  

This blockchain network will be used for validating the claims of suppliers along with their identities. The proposed system will connect all the e-GP systems through a network, which will help retrieve and validate relevant supplier data between various e-GP Systems that are in use within India. The proposed system will also digitise bank guarantees by powering them using the trust-based automation of blockchain. When fully operational, the system will be a pan-India system that would reduce the time and cost associated with public procurements made using e-GP systems. 

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About the Author
Vishu Verma
Assistant Manager

Vishu is a writer, an artist, a cat and an ardent music lover. She loves to read, sketch and explore new places in her leisure time. She has nine years of experience in print media.

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