Question

Governments provide various scholarships to students of different classes. Prepare a report on how block chain technology can be used to promote accountability, transparency and efficiency in distribution of scholarships?

Answer 1

The blockchain technology works on the concept of decentralised and shared databases where each computer has a copy of the database. So if the Government avails this technology then all the scholarship applicants will have a view access to other applicants’ applications. So in this way there will be transparency in distribution of scholarships because they can view on what basis the Government is giving scholarships.