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Invech Global Blockchain Entity
The Invech Global Blockchain Entity or iGloBE will be the main platform where procurement and order management occur. It will be a user-friendly, fast, transparent, fair and accountable procurement system. The iGloBE platform can be used by the government or private sector. In line with the country’s development in information technology and rapid growth of the Blockchain economy, iGloBE will be the de facto procurement system and is able to catapult Timor Leste into the digital economy!
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Figure 7 iGloBE oversees 3 key areas in procurement and is able to cater for the government and private sector

Benefits of iGloBE's Procurement System

User Benefits
Government Benefits
A total end-to-end online transaction process which isfaster, more efficient and transparent;
iGloBE will become a vehicle for government penetration into a new eCommerce centric economic environment using the blockchain;
Offers self service facilities such as online registration for site visits and briefings, supplier reports and instructions on cancellation of delivery
With iGloBE, operational costs are lower for suppliers and government purchasers as processes become simplified and transaction time is reduced;
Ease of communication between supplier and Government as contact can be made at any time or place. (same for private companies as well)
With convenient online access to the latest range of products and services, the selection process is simplified for government purchasers;
Learning about the eCommerce concept is made easier using iGloBE as a business platform
Constant updating of product information and price listing assists purchasers in making the right selection;
Transactions and advertising of products and services are faster and more cost effective, leading to increased volume of purchase;
Purchasing and payment are more efficiently managed as the iGloBE system enables process tracking and auditing of all procurement and transactions;
The efficiency and consistency of iGloBE allow for more effective procurement planning by suppliers, as auto-generated processes reduce business operating costs due to quicker turnaround time.
Significantly increases the level of IT proficiency within the work force in both government and private sectors
Users are able to job seek in the government / private sector
List related positions needed in the government. Decreasing unemployment
Listing of local commodity, goods and services. Users are also able to purchase from merchants from abroad if they cannot find what they need locally.
Allows global trading network. Belt and Road Initiative.

Service offered under iGloBE

Submission of tender proposal, quotation, positions
Submission of application
Acceptance of application
Application status check
Delivery of tender offer
Online payment and receipt transaction via blockchain
Online catalogue
Jobs and Placements

In line with iGloBE’s mission to reduce unemployment, increase level of IT proficiency, literacy and quality within the workforce in both government and private sectors, Invech has planned out places where we are able to produce meaningful jobs for the people of Timor Leste. Spanning across at least 11 different industries with >60 sub-industries. We foresee to be able to create > 5000 jobs in the foreseeable future.

No
Main Industry
Sub-industries
1.
Agriculture, Food and Beverage
  • Crop Farming
  • Fisheries & Aquaculture
  • Forestry
  • Livestock
  • Daily Product
2.
Tourism
  • Agriculture
  • Medical
  • Casino
  • Sports & Adventure
  • Cultural
  • Education
  • Real Estate Development
  • Investment Opportunities
  • Tourism Development
3.
Energy, Power & Electrical
  • Industrial Automation and Control
  • Renewable Energy
  • Non-Renewable Energy
4.
Other Industry
  • Auto Parts
  • Contruction Materials
  • Chemicals
  • Metals and Non-Metals
  • Minerals and Mining
  • Fire Safety and Security
  • Retails
  • Real Estate Development
5.
Transportation
  • Aviation
  • Marine
  • Railway
  • Roadways
6.
Insurance and Securities
  • Insurance
  • Investment
7.
Information Technology
  • Smart City
  • Software & Hardware
  • Control System
  • Blockchain System
  • Support
8.
Infrastructure & Construction
  • Roads & Highways
  • Bridges & Tunnels
  • Buildings
9.
Education & Training
  • Education Services
  • Capacity Building Services
  • Professional Development Training Program
  • Workforce Development Service Program
  • International Education Services
10.
Casino
  • Food & Beverage
  • Hotel
  • Shopping Complex & Retail Outlet
  • Indoor & Outdoor Theme Park
  • Massage & Spa
  • Money Changer & ATM
  • Transportation
  • Nursery
  • Lockers
  • Tracking Detector
  • Cinema
  • Entertainment - Kids & Adults
11.
Services
  • Media Services
  • Security Services
  • Postal and Courier Services
  • Professional Consultancy
  • Urban Development

How does it work?

The Invech Global Blockchain Entity or iGloBE procurement system will mainly be using a separate Order Management System and Human Resource system to operate. To take part in the Invech Global Blockchain Entity or iGloBE procurement system, users must first do a KYC (Know Your Client) registration with the iGloBE system. Once registered, users are able to list, view, bid, vote, edit all articles listed in the system. All users who wish to use the iGloBE procurement system must transact using the Invech Coin as the main mode of transaction.

Note: The Jobs & Placements under iGloBE will cater exclusively to the local citizens of Timor Leste unless stated otherwise.

Next: Invech Consultancy
INVECH CRYPTOCURRENCY
EXCHANGE
INVECH
CRYPTOCURRENCY
EXCHANGE
GOVERNMENT BLOCKCHAIN SERVICES
GOVERNMENT
BLOCKCHAIN
SERVICES
INVECH GLOBAL BLOCKCHAIN ENTITY
INVECH GLOBAL
BLOCKCHAIN
ENTITY
INVECH CONSULTANCY
INVECH
CONSULTANCY
INVECH FOUNDATION
INVECH
FOUNDATION
BELT & ROAD INITIATIVE
BELT AND ROAD
INITIATIVE