Problem-Led Procurement is a strategic acquisition approach that prioritizes defining specific organizational challenges or desired outcomes, subsequently seeking external solutions rather than prescribing detailed technical specifications for goods or services. This method focuses on the ‘what’ rather than the ‘how’.
Mechanism
In crypto systems, this involves issuing Requests for Solutions (RFS) or innovation challenges that articulate a market need, such as enhanced smart contract security or more efficient cross-chain liquidity. Solution providers then propose novel blockchain architectures or decentralized applications. The emphasis shifts from prescriptive requirements to functional performance and verifiable results.
Methodology
This approach fosters innovation by attracting a wider array of proposals, including those leveraging nascent crypto technologies or unconventional decentralized finance (DeFi) protocols. Evaluation centers on a solution’s demonstrable impact on the stated problem, its integration potential with existing systems, and its long-term viability within the rapidly evolving crypto technology landscape, rather than rigid technical mandates.
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