SURVEY ON BLOCKCHAIN SOLUTIONS FOR GOVERNMENT SCHEMES FUND DISTRIBUTION SYSTEM
International Research Journal of Modernization in Engineering Technology and Science · 2024
This survey paper scrutinizes the intricate challenges inherent in contemporary fund distribution systems, particularly within agriculture.Issues such as inefficiency, transparency gaps, and corruption vulnerabilities hinder the equitable provision of financial support to farmers, students, and entrepreneurs.In response, our project proposes a groundbreaking solution, utilizing blockchain technology to reimagine the fund distribution process.Our comprehensive approach encompasses a user-friendly mobile application for farmers, real-time dashboards for government oversight, and an immutable blockchain ledger, ensuring transparent and efficient allocation of financial resources.Notably, the project's impact extends beyond agriculture, with potential applications in finance and student schemes, marking it as a versatile solution.In future work, we plan to implement and evaluate the proposed system, addressing scalability, security, and user adoption.This research strives to establish a foundation for transparent governance, equitable development, and technological innovation, setting a precedent for advancements across sectors and contributing to positive socioeconomic growth.