TEduChain: a blockchain-based platform for crowdfunding tertiary education
Mahmood A. Rashid, Krishneel Deo, Divnesh Prasad, K. Ranjith Singh, Sarvesh Chand, Mansour H. Assaf
Abstract
Abstract Blockchain is an emerging technology framework for creating and storing transaction in distributed ledgers with a high degree of security and reliability. In this paper, we present a blockchain-based platform to create and store contracts in between students and their higher education sponsors facilitated by intermediary brokers denoted as fundraisers. The sponsorship might be in any form, such as scholarship, donation, or loan. The fund will be arranged and managed by a group of competitive fundraisers who will hold the distributed ledgers and act as the miners in the blockchain network.
Topics & Concepts
BlockchainLedgerDatabase transactionScholarshipBusinessSmart contractDistributed ledgerLoanComputer securityCommerceInternet privacyComputer scienceFinanceEconomicsDatabaseEconomic growthBlockchain Technology Applications and SecurityFinTech, Crowdfunding, Digital FinanceCaching and Content Delivery