Blockchain based intelligent disbursement in National Scholarship Portal
Abstract The National Scholarship Portal in India serves as a one‐stop solution for students seeking financial aid for their studies across the country. However, in this digital era, the national‐level portal faces challenges such as limited provision for only government scholarships, non‐automated...
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| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2024-12-01
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| Series: | IET Blockchain |
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| Online Access: | https://doi.org/10.1049/blc2.12092 |
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| author | Lifna Challissery Samu Neelkanth Khithani Kushl Alve Vedang Gambhire Atharva Hande Shivam Choubey |
| author_facet | Lifna Challissery Samu Neelkanth Khithani Kushl Alve Vedang Gambhire Atharva Hande Shivam Choubey |
| author_sort | Lifna Challissery Samu |
| collection | DOAJ |
| description | Abstract The National Scholarship Portal in India serves as a one‐stop solution for students seeking financial aid for their studies across the country. However, in this digital era, the national‐level portal faces challenges such as limited provision for only government scholarships, non‐automated systems, complex application processes, reliance on physical verifications, and delays in scholarship disbursement. This research proposes a blockchain‐based scholarship module to address these challenges and automate the entire scholarship process. The paper emphasizes upon the transformative impact by the usage of Hyperledger fabric network, which provides a fool‐proof system that streamlines the entire application process and fund disbursement. The proposed integration also ensures robust application verification, accountability of stakeholders, transparent scholarship selection criteria, automated and thorough tracking of fund disbursement, immutable transaction history, secure authorization; and stringent compliance measures. Thus, the implementation of the proposed system aims to alleviate the financial insecurities faced by students during their studies, simplify their search for scholarship opportunities, and enable them to focus more on their academic pursuits. |
| format | Article |
| id | doaj-art-87a1edd9b5f941c9bfdb78c436097ffc |
| institution | Kabale University |
| issn | 2634-1573 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Wiley |
| record_format | Article |
| series | IET Blockchain |
| spelling | doaj-art-87a1edd9b5f941c9bfdb78c436097ffc2024-12-05T09:23:15ZengWileyIET Blockchain2634-15732024-12-014440742210.1049/blc2.12092Blockchain based intelligent disbursement in National Scholarship PortalLifna Challissery Samu0Neelkanth Khithani1Kushl Alve2Vedang Gambhire3Atharva Hande4Shivam Choubey5Department of Computer Engineering Vivekanand Education Society's Institute of Technology Mumbai IndiaDepartment of Computer Engineering Vivekanand Education Society's Institute of Technology Mumbai IndiaDepartment of Computer Engineering Vivekanand Education Society's Institute of Technology Mumbai IndiaDepartment of Computer Engineering Vivekanand Education Society's Institute of Technology Mumbai IndiaDepartment of Computer Engineering Vivekanand Education Society's Institute of Technology Mumbai IndiaDepartment of Computer Engineering Vivekanand Education Society's Institute of Technology Mumbai IndiaAbstract The National Scholarship Portal in India serves as a one‐stop solution for students seeking financial aid for their studies across the country. However, in this digital era, the national‐level portal faces challenges such as limited provision for only government scholarships, non‐automated systems, complex application processes, reliance on physical verifications, and delays in scholarship disbursement. This research proposes a blockchain‐based scholarship module to address these challenges and automate the entire scholarship process. The paper emphasizes upon the transformative impact by the usage of Hyperledger fabric network, which provides a fool‐proof system that streamlines the entire application process and fund disbursement. The proposed integration also ensures robust application verification, accountability of stakeholders, transparent scholarship selection criteria, automated and thorough tracking of fund disbursement, immutable transaction history, secure authorization; and stringent compliance measures. Thus, the implementation of the proposed system aims to alleviate the financial insecurities faced by students during their studies, simplify their search for scholarship opportunities, and enable them to focus more on their academic pursuits.https://doi.org/10.1049/blc2.12092Blockchain Applications and Digital Technologydata securitydecentralised applicationsprivate blockchains |
| spellingShingle | Lifna Challissery Samu Neelkanth Khithani Kushl Alve Vedang Gambhire Atharva Hande Shivam Choubey Blockchain based intelligent disbursement in National Scholarship Portal IET Blockchain Blockchain Applications and Digital Technology data security decentralised applications private blockchains |
| title | Blockchain based intelligent disbursement in National Scholarship Portal |
| title_full | Blockchain based intelligent disbursement in National Scholarship Portal |
| title_fullStr | Blockchain based intelligent disbursement in National Scholarship Portal |
| title_full_unstemmed | Blockchain based intelligent disbursement in National Scholarship Portal |
| title_short | Blockchain based intelligent disbursement in National Scholarship Portal |
| title_sort | blockchain based intelligent disbursement in national scholarship portal |
| topic | Blockchain Applications and Digital Technology data security decentralised applications private blockchains |
| url | https://doi.org/10.1049/blc2.12092 |
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