IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/128841.html

Application Of Blockchain Technology In Enhancing Education Contracts In Nigeria

Author

Listed:
  • OBIDAJU, INNOCENT

Abstract

This paper examines how blockchain technology can enhance transparency, efficiency, and accountability in education contract systems in Nigeria, where challenges such as financial misappropriation, weak compliance, corruption, and lack of stakeholder trust continue to undermine effective implementation of educational projects. It explains smart contracts as self-executing digital agreements built on decentralized blockchain networks that automatically enforce contractual rules, ensure secure data storage, and provide tamper-proof records of transactions. The study identifies several key applications of blockchain in education, including automated grading systems, protection of intellectual property, secure academic record management, decentralized learning platforms, and improved collaboration in research and development. Using the Universal Basic Education (UBE) counterpart funding arrangement as a practical illustration, the paper proposes a blockchain-based framework that links access to federal matching grants with verified state compliance through coded protocols, escrow mechanisms, and milestone-based fund disbursement.

Suggested Citation

  • Obidaju, Innocent, 2024. "Application Of Blockchain Technology In Enhancing Education Contracts In Nigeria," MPRA Paper 128841, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:128841
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/128841/1/MPRA_paper_128841.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:128841. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.