A Sealed Bid Is The Whole Point 🏛️
Public procurement runs on sealed bids because the law says so, since a contractor who learns a rival's number before the deadline can undercut it by a pound and win on nothing but information.
$CC exists because institutions wanted a shared ledger where a counterparty only receives its own side of a deal, and on $SOL the opposite holds, because a bid submitted to a program is readable the moment it lands.
So the one tender process that most obviously belongs on a chain is the one that cannot go there. A deadline, a sealed envelope and a public opening afterwards is exactly what a ledger is good at, except for the sealed part.
Arcium supplies that part. A bid is broken up before anything touches it, nothing in the path holds enough to make a number out of before the deadline, and the award still comes out correct.
The result posts to Solana like any other transaction, so the opening is public, timestamped and checkable the way a tender opening is supposed to be.
Procurement has been waiting for a chain that can keep an envelope closed until the deadline, and that is the part Arcium adds.
#altcoins #RWAS
Public procurement runs on sealed bids because the law says so, since a contractor who learns a rival's number before the deadline can undercut it by a pound and win on nothing but information.
$CC exists because institutions wanted a shared ledger where a counterparty only receives its own side of a deal, and on $SOL the opposite holds, because a bid submitted to a program is readable the moment it lands.
So the one tender process that most obviously belongs on a chain is the one that cannot go there. A deadline, a sealed envelope and a public opening afterwards is exactly what a ledger is good at, except for the sealed part.
Arcium supplies that part. A bid is broken up before anything touches it, nothing in the path holds enough to make a number out of before the deadline, and the award still comes out correct.
The result posts to Solana like any other transaction, so the opening is public, timestamped and checkable the way a tender opening is supposed to be.
Procurement has been waiting for a chain that can keep an envelope closed until the deadline, and that is the part Arcium adds.
#altcoins #RWAS