MUMBAI, India, Aug. 10 -- Intellectual Property India has published a patent application (202621072831 A) filed by Symbiosis International Deemed University on June 11, 2026, for Blockchain-Based Government Tender Management System Using Smart Contracts And Nft Award Certificates.
Inventors include Harsh Kumar; Sparsh Goswami; Aditya Khiratkar; and Ankita Avthankar.
The application for the patent was published on July 31, 2026, under issue no. 31/2026.
Abstract: ABSTRACT BLOCKCHAIN-BASED GOVERNMENT TENDER MANAGEMENT SYSTEM USING SMART CONTRACTS AND NFT AWARD CERTIFICATES A blockchain-based decentralized system (100) for government tender management is disclosed. The system comprises a blockchain layer (110) serving as the sole authoritative data source, a smart contract layer (120) implementing a Tender NFT contract (121) and a Bidding Platform contract (122) with a reverse auction engine (130) that enforces all bidding rules through on-chain pre-conditions. An NFT award certificate module (140) transfers non-transferable non- fungible tokens to winning contractors as cryptographically verifiable proof of contract award. An event-driven database indexer (150) populates a read-optimized relational database cache (153) exclusively from confirmed blockchain events for sub-second query performance. Tender documents are stored on the InterPlanetary File System (160) with content identifiers anchored on-chain. Wallet-based authentication (170) replaces password-based credentials. The system eliminates centralized control over procurement outcomes while maintaining modern web application usability. [
Disclaimer: Curated by HT Syndication.
