SSSM: A Secure and Scalable Approach for Scholarship Funding Management Based on Blockchain Technology with Zk-Rollups
Hoang, Ngoc Cu; Hua, Phu Thien; Nguyen, Thu; Tan-Vo, Khoa; Nguyen-Hoang, Tu Anh; Nguyen, Tri; Dinh, Ngoc Thanh (2024-07-13)
Avaa tiedosto
Sisältö avataan julkiseksi: 13.07.2025
Springer
13.07.2024
Hoang, N.C. et al. (2024). SSSM: A Secure and Scalable Approach for Scholarship Funding Management Based on Blockchain Technology with Zk-Rollups. In: Abraham, A., Pllana, S., Hanne, T., Siarry, P. (eds) Intelligent Systems Design and Applications. ISDA 2023. Lecture Notes in Networks and Systems, vol 1048. Springer, Cham. https://doi.org/10.1007/978-3-031-64650-8_33
https://rightsstatements.org/vocab/InC/1.0/
© 2024 The Author(s), under exclusive license to Springer Nature Switzerland AG. This is a post-peer-review, pre-copyedit version of an article published in Intelligent Systems Design and Applications: Information and Network Security, Volume 3. The final authenticated version is available online at: https://doi.org/10.1007/978-3-031-64650-8_33
https://rightsstatements.org/vocab/InC/1.0/
© 2024 The Author(s), under exclusive license to Springer Nature Switzerland AG. This is a post-peer-review, pre-copyedit version of an article published in Intelligent Systems Design and Applications: Information and Network Security, Volume 3. The final authenticated version is available online at: https://doi.org/10.1007/978-3-031-64650-8_33
https://rightsstatements.org/vocab/InC/1.0/
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:oulu-202412317546
https://urn.fi/URN:NBN:fi:oulu-202412317546
Tiivistelmä
Abstract
Scholarship administration plays a critical role within higher educational systems, ensuring deserving students have the financial resources to pursue their education. Nevertheless, conventional scholarship administration methods often encounter fraud, mismanagement, restricted accessibility, and the difficult process of authenticating scholarship applicants. The potential of blockchain technology lies in revolutionizing scholarship administration by providing a decentralized, transparent, and secure structure. Despite its potential, blockchain faces scalability challenges, owing to its lower throughput and latency performance compared to non-blockchain systems. This study introduces a decentralized scholarship management model that leverages blockchain technology and zk-rollups, a layer 2 scaling solution. The implementation is on Polygon zkEVM, using Solidity for smart contracts and other contemporary technologies. The experiment conducted by the researchers revealed that the application utilizing zk-rollup technology necessitates transaction costs that are approximately 25 times lower and operates nearly 53% faster than the system implemented on layer 1.
Scholarship administration plays a critical role within higher educational systems, ensuring deserving students have the financial resources to pursue their education. Nevertheless, conventional scholarship administration methods often encounter fraud, mismanagement, restricted accessibility, and the difficult process of authenticating scholarship applicants. The potential of blockchain technology lies in revolutionizing scholarship administration by providing a decentralized, transparent, and secure structure. Despite its potential, blockchain faces scalability challenges, owing to its lower throughput and latency performance compared to non-blockchain systems. This study introduces a decentralized scholarship management model that leverages blockchain technology and zk-rollups, a layer 2 scaling solution. The implementation is on Polygon zkEVM, using Solidity for smart contracts and other contemporary technologies. The experiment conducted by the researchers revealed that the application utilizing zk-rollup technology necessitates transaction costs that are approximately 25 times lower and operates nearly 53% faster than the system implemented on layer 1.
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