CryptoScholarChain: Revolutionizing Scholarship Management Framework with Blockchain Technology

Abstract

Scholarship management is a crucial aspect of higher education systems, aimed at supporting deserving students and reducing financial barriers. However, traditional scholarship management processes often suffer from challenges such as a lack of transparency, inefficient communication, and difficulty tracking and verifying scholarship applications. Recently, Blockchain technology has emerged as a potential solution to address these issues, offering a decentralized, transparent, and secure framework for scholarship management. Blockchain technology has emerged as a promising solution to address the challenges faced in scholarship management. However, existing literature lacks comprehensive solutions in critical areas such as scholarship management, storage facilities, payment systems, monitoring and auditing, and experimental validation. This research introduces an innovative smart scholarship management system leveraging Blockchain technology to overcome these limitations. The research presents an Ethereum-based implementation utilizing Solidity for backend smart contracts and ReactJS for the front end. Experimental evaluation validates the transaction execution gas costs and deployment cost.