Abrar Shariar
ABSTRACT
An educational institute demands significant computational resources for which it mostly relies on centralized servers, networks and storage facilities. Currently these systems are built around the centralized model which exposes it to risks of data breach, low fault tolerance and the numerous pitfalls of a centralized system. Furthermore, the maintenance of these systems incur significant costs for the institute. The purpose of this research is to introduce a decentralized model of computational system built on blockchain for educational institutions which can mitigate the several drawbacks of a centralized system and further explore the possibilities of introducing a cryptocurrency within the network of the institute. This model proposes to utilize the computational power of devices of the members of the institute by allowing them to be participant nodes in the network. Using the Ethereum blockchain, this study proposes a Smart Contract based system and introduces a cryptocurrency to incentivize the participants of the network.
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Index Terms
- A decentralized computational system built on blockchain for educational institutions
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