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 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.