GeM using AI, blockchain tech to become more dynamic: Kumar

Public procurement portal GeM is using high-end technologies such as Artificial Intelligence and blockchain to make the portal more dynamic and help both buyers and sellers for smooth transactions, a senior official said.

The Government e-Marketplace (GeM) portal was launched in August 2016 for online purchases of goods and services by all the central government ministries and departments.

GeM CEO Talleen Kumar also said the number of startups registered with the portal has more than doubled to 7,900 in 2020 on account of steps being taken by the platform to attract budding entrepreneurs.

“As on December 31, 2020, there are 7,900 startups now with cumulative transaction value of Rs 2,256 crore compared to 3,849 startups with a cumulative order value of Rs 938 crore a year ago,” he said.