A decentralized
and private protocol for
procurements
We are building an innovative solution to bring back trust in procurement
eTrusty
Supported by
eTrusty addresses significant problems on the procurement solutions market
TRANSPARENCY
Blockchain enables transparency by providing a publicly accessible ledger that allows secure and transparent tracking of transactions and information
Blockchain enables transparency by providing a publicly accessible ledger that allows secure and transparent tracking of transactions and information
Effect: reduction of client distrust
LACK OF TRANSPARENCY
Absence of clear and open information about procurement processes and decisions
Absence of clear and open information about procurement processes and decisions
Cause: transactions lack traceability
Consequences: unfair advantages for certain vendors or contractors
Consequences: unfair advantages for certain vendors or contractors
DATA IMMUTABILITY
Blockchain enables secure data by providing a decentralized, immutable data state
Blockchain enables secure data by providing a decentralized, immutable data state
Effect: highly decreased risks of technical fraud
DATA VULNERABITILY
Sensitive information, such as bids, contract details, and personal data, can be accessed, manipulated, or stolen by unauthorized parties
Sensitive information, such as bids, contract details, and personal data, can be accessed, manipulated, or stolen by unauthorized parties
Cause: traditional data storages are mutable
Consequences: financial losses, corruption, and reputational damages
Consequences: financial losses, corruption, and reputational damages
Effect: simplify applying/re-applying and appealing for a tender
HIGH SCALABILITY
Bring Your Own Coin (when participants can use any crypto asset they own) and smart contracts (self-verification and tamper-proof data) can automate and simplify procurement processes, and reduce cross-border currency conversion and transaction fees
Bring Your Own Coin (when participants can use any crypto asset they own) and smart contracts (self-verification and tamper-proof data) can automate and simplify procurement processes, and reduce cross-border currency conversion and transaction fees
Cause: regulations, traditional banking system
Consequences: lack of automation in procurement processes
Consequences: lack of automation in procurement processes
HARDLY SCALABLE
No cross-border solutions that involve public or private actors and meet core features such as scalability and throughput, interoperability with other systems
No cross-border solutions that involve public or private actors and meet core features such as scalability and throughput, interoperability with other systems
PRIVACY
MPC Enables customizable layers of privacy for each part of the procurement (i.e. applicants, judges, results)
MPC Enables customizable layers of privacy for each part of the procurement (i.e. applicants, judges, results)
Effect: reduces human fraud, coercive practices and bribery
LACK OF PRIVACY
Sensitive data is often shared to third parties when it should not
Sensitive data is often shared to third parties when it should not
Cause: weak regulations, inadequate safeguards, and dishonest behavior, outdated technology
Consequences: collusion, favoritism, and corruption among jury and participants
Consequences: collusion, favoritism, and corruption among jury and participants
PROBLEMS
SOLUTIONS
eTrusty is tackling part of the UN sustainable development goals
Environmental & Social Sustainability impact
Target 12.7 (Public Procurement Practices)
Transparency & Accountability
Monitoring & Compliance
Stakeholder AssessmentTarget 9.3 (Support to Small-scale Enterprises)
Infrastructure Efficiency
Equality & Access
Performance MonitoringTarget 8.1 (Sustainable Economic Growth)
Anti-Corruption Impact
Fee Sharing with NGOs
Promotion of Fair Employment
Lack of transparency
Cause: Transactions lack traceability
Consequences: unfair advantages for certain vendors or contractors
Consequences: unfair advantages for certain vendors or contractors
Meet Our Team
- MariiaCo-founder, CEOTeam Lead for 3 e-commerce products used worldwide; creating a DEX MVP for Top-20 DeFi project
- GeoffreyCo-founder, COODevelopment and management of restaurant franchise with revenue $6M+; 50+ Partnerships with leading web3 DApps and crypto media for Slise (Binance Labs, YC)
- IvanCo-founder, CTIO16 scientific publications in neuroscience;
Research and development for a DEX MVP for Top-20 DeFi project - FlorianMarketing Advisor12 years as Communication and project development consultant for Banking, Entertainment, Hospitality and Sport sectors for international companies.
Now focused on Web3 since 2019, has worked with different accelerators and Startups in the industry - IliaCTOCrypto enthusiast and mathematician.
10+ years in development in various projects. - NikitaSoftware Development DirectorTech Lead for fullstack development team in big corporation for 3 years
Roadmap
1
Q1 2024
- API Beta testing
- First partnerships and sales
- MVP on mainnet
2
Q2 2024
- Prototype development
- Alpha testing
- MVP on testnet
3
Q3-Q4 2024
- Product development
- Field testing
- Sales scaling
4
Q1-Q4 2025
- Building own platform
- Expanding partnerships
- Entering new markets
Our Latest News
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Want to have a chat with us, or have any question?
Feel free to write us.
info@etrusty.io
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