SCHOLAREUM.COM introduces a groundbreaking model for educational funding through its Web3-powered, blockchain-based platform that reimagines how scholarships, fellowships and research grants are awarded and managed. This decentralized process ensures transparency, fairness, and global accessibility, breaking away from the limitations of traditional funding mechanisms.

The process begins with user onboarding via either Web2 (email/social) or Web3 (wallet) login, followed by self-selection as a Donor or Applicant. Donors can initiate funding in two ways: by creating a new scholarship fund through a digital application form, or by contributing to a rolling fund dedicated to specific causes such as research, underserved communities, or innovation challenges. Each fund is governed by smart contracts, ensuring immutable rules for eligibility, amount, and disbursal.

On the applicant side, students, researchers, or professionals can browse a decentralized database of scholarships, search based on criteria, and submit an application form for the relevant opportunity. The SCHOLAREUM platform integrates a DAO-powered voting system wherein community members – including donors, mentors, and verified experts – evaluate applications, rank candidates, and make funding decisions. In certain cases, applicants may participate in optional interviews or live presentations to further validate their merit.

Once approved, funds are transferred automatically via smart contracts in the form of SCHOLAREUM Coins, which are usable within the platform for courses, certifications, or even real-world college fee payments. Post-award, recipients are required to submit progress reports through structured update forms, maintaining accountability and allowing donors to track the impact of their contributions.

This decentralized, trustless, and transparent process transforms scholarships from bureaucratic obstacles into agile, efficient, and performance-driven rewards – democratizing access to education and empowering global learners.

SCHOLAREUM.COM = Decentralized Scholarships, Fellowships & Grants.