Blockchain Empowered College Fees Transaction System

Abstract

A Blockchain web application for college is an application, it can be accessed throughout the institution and with adequate login provided, especially by the students. The blockchain model uses various cryptocurrencies to pay students the college fee. In this system, Ether cryptocurrency is used which is generated by the Ethereum blockchain platform and ether is a crucial element of decentralized applications. The cryptocurrency ether can be shifted between financial records and used for computational output payment of contributor mining nodes. Meanwhile, the ether blockchain is used to record digital currency (Ether) ownership, whereas the Ethereum based blockchain focuses on running decentralized code applications. This paper focuses on the developing of the blockchain model for college fee transactions and it reveals the significance of decentralized applications. Reviewed the up-to-date dApps and discussed the fulfilment of decentralized applications characters with blockchain development. The readers will get the outline of decentralized applications and aware of the blockchain model.

Keywords: Blockchain; Ethereum; Cryptocurrency; Decentralized applications