Claims:1. The method of data management of the students’ financial transactions in the schools and colleges comprising:
a. gathering all the data related to the financial transactions made by the students in the schools and colleges;
b. creating a template to manage the data related to the financial transactions of the students in the schools and colleges;
c. updating the template with the financial transaction information related to the students every month; and
d. retrieving the information related to any student by the school management using the blockchain system;
wherein, the template is used to collect all the information related to the students’ financial transactions in the schools and colleges including name of the student, class in which they are studying, fess paid per month, fees paid for tests and exams, fees paid for uniform, fees paid for books and stationary, fees paid for extracurricular activities, fees paid for competitions attended, which are saved in the blockchain system where the data is distributed and replicated into multiple records which are shared on the network.

2. The method as claimed in claim 1, wherein the system creates a secure platform which records every transaction made which is inalterable.
3. The method as claimed in claim 1, wherein the recorded data of the students financial transaction data from the schools and colleges are distributed and replicated into various blocks where the blocks are shared among the members of the network;
4. The method as claimed in claim 1, wherein the transactions are displayed in the form of a list where each and every updated financial transaction of every student is displayed.
5. The method as claimed in claim 1, wherein the system enables tracing the information of the student by the staff members of the educational institution who are the members of the network, regarding any transaction like fees paid for the month, and the search can also be channelized where the fees paid for the month can be selected to display the names of the students who has paid the fees.

, Description:Technical field of the Invention
The present invention generally relates to the systems and methods used to manage the financial transaction data in the schools and colleges. More particularly, the present invention is related to the use of block chain system and method in managing the data of the financial transaction in the schools and colleges which can include the information related to the fees paid, books, uniforms etc.

Background of the Invention
Numerous students enroll into the educational institutions like schools and colleges, where they study and behave according to the rules of the educational institutions. The students in the schools and colleges would have to pay fees, buy uniforms in the schools for which the receipts are provided in the schools. The schools and colleges also maintain a duplicate copy of the receipts, which are maintained in the paper form, which is a tedious task and requires more room and time.
The management of the financial transaction data is highly essential, as it a proof record that the fees has been paid. There are several systems which are in use, developed mainly to maintain the data of the financial transaction of the students in the schools and colleges. The traditional system which was used by the schools and colleges is the physical paper form of the fees receipts, receipts for purchasing school uniforms, exam fees and so on. The management of the papers is a tedious task and require more staff for the same work. The main disadvantage of this system is that the fee receipts are highly prone to misplacing and might cause problems if the receipts are misplaced.
The next generation system which is used by the schools and colleges is the use of computer system to manage the financial transaction data. The data of the financial transaction data of the students i.e. the fee receipts of every month, exam fees etc., can be saved in the computer systems, whose management i.e. saving and retrieval of the data is comparatively easy compared to the traditional method. But the use of computer systems in the data management of the student’s financial transaction records poses high threat as the data can be can be easily stolen by the people who are expert in the computers.
Therefore, in order to manage the students’ financial records in the schools and colleges, there is a need for a secure system and method which can save, retrieve, and track the data of the students’ financial transaction records.

Objectives of the Invention
The primary objective of the present invention is to provide a blockchain system and method to maintain the data related to the financial transaction records of the students in the schools and colleges.
Another objective of the present invention is to provide a blockchain system and method to maintain the data related to the financial transaction records of the students in the schools and colleges, which can record and maintain the data related to the fee receipts of every month, exam fee receipts, and student uniform receipts and so on.

Summary of the Invention
The present invention provides a blockchain system and method to maintain the data related to the financial transaction records of the students in the schools and colleges. With the help of the present invention, the data related to the financial transaction records of the students in the schools and colleges can be recorded and maintained and stored which can include the data related to the fee receipts, exam receipts, uniform fees, extracurricular activities held in and outside the schools and colleges, education related competitions, competitive exams like NTSE and so on. The present invention aims at providing an improved system which can save the data of the students’ financial transactions securely which can be tracked.
According to the present invention, the blockchain technology is used in the data management of students’ financial transaction records in the schools and colleges, where the financial transaction records like fee receipts, exam fees etc., are saved in the blockchain system, which can tracked at any time. The data which is recorded in the system is mainly in the form of a list of transactions, where each data entry, retrieval etc., are considered as a transaction. The history of all the transactions which are made through the block chain system can be managed. The data which is created, saved and managed through the system is more transparent, secure and inalterable. The information which is recorded in the system is distributed and saved in the blocks of the blockchain, and is saved in the server. The saved data is distributed into various blocks which are secure and which once entered cannot be altered.
The present invention creates a template for recording the data of the students in the schools and colleges which can include the fee receipts of every month, exam fee receipts etc. Initially, a template is created using the blockchain system, where the name of the student is entered and the related financial transaction receipts of the student is saved against their name which once saved cannot be altered. The details of the student i.e. name, class, all the receipts with amount and receipt number etc., are filled in the created template by the school staff, which can be viewed by the members of the educational institution. Once all the details of the students are entered in the template, the template is saved in the system. The links for each student are provided in the template, which can be accessed by the members of the educational institution for accessing the information related to the student.
All the data related to a students’ is stored in the blockchain system permanently, and is distributed and replicated into various blocks, which is shared among the members of the network. A blockchain can have connectivity with multiple number of nodes and create a network, which are connected with each other. The data alteration or change can be carried out at each node of the block chain, where each block of the block chain represents a list of transactions and a hash to the previous block, except for the first block.

Brief Description of the Drawings
FIG 1 is the flowchart describing the data management of the students’ financial transaction data in the schools and colleges.

Detailed Description of the Invention
The present invention provides a blockchain system and method to maintain the data related to the financial transaction records of the students in the schools and colleges. With the help of the present invention, the data related to the financial transaction records of the students in the schools and colleges can be recorded and maintained and stored which can include the data related to the fee receipts, exam receipts, uniform fees, extracurricular activities held in and outside the schools and colleges, education related competitions, competitive exams like NTSE and so on. The present invention aims at providing an improved system which can save the data of the students’ financial transactions securely which can be tracked.
FIG 1 is the flowchart describing the data management of the students’ financial transaction records in the schools and colleges. Referring to FIG 1, the information related to the financial transactions of the students in the schools and colleges are gathered together which are entered in the template created using the blockchain system. The created template is updated with the information related to the student i.e. name, class, fees receipt of the month, fees paid for exams, fees paid for extracurricular activities, fees paid for competitive exams, fees paid for school uniforms, fees paid for books and other stationary etc. When the school management wants to retrieve any data i.e. the fees data of a particular student, then the data can be retrieved at any instant by posting a query using the blockchain system. Any query made through the blockchain system related to a student, is recorded in the form of a transaction which can be tracked by the members of the network i.e. the members of the educational institution.
According to the present invention, the blockchain technology is used in the data management of students’ financial transaction records in the schools and colleges, where the financial transaction records like marks sheets and certificates are saved in the blockchain system, which can tracked at any time. The data which is recorded in the system is mainly in the form of a list of transactions, where each data entry, retrieval etc., are considered as a transaction. The history of all the transactions which are made through the block chain system can be managed. The data which is created, saved and managed through the system is more transparent, secure and inalterable. The information which is recorded in the system is distributed and saved in the blocks of the block chain, and is saved in the server. The saved data is distributed into various blocks which are secure and which once entered cannot be altered.
The blockchain technology is used in the data management of students’ financial transaction records in the schools and colleges, where the financial transaction records like fee receipts, exam fees etc., are saved in the blockchain system, which can tracked at any time. The data which is recorded in the system is mainly in the form of a list of transactions, where each data entry, retrieval etc., are considered as a transaction. The history of all the transactions which are made through the block chain system can be managed. The data which is created, saved and managed through the system is more transparent, secure and inalterable. The information which is recorded in the system is distributed and saved in the blocks of the blockchain, and is saved in the server. The saved data is distributed into various blocks which are secure and which once entered cannot be altered.
The present invention creates a template for recording the data of the students in the schools and colleges which can include the fee receipts of every month, exam fee receipts etc. Initially, a template is created using the blockchain system, where the name of the student is entered and the related financial transaction receipts of the student is saved against their name which once saved cannot be altered. The details of the student i.e. name, class, all the receipts with amount and receipt number etc., are filled in the created template by the school staff, which can be viewed by the members of the educational institution. Once all the details of the students are entered in the template, the template is saved in the system. The links for each student are provided in the template, which can be accessed by the members of the educational institution for accessing the information related to the student.
All the data related to a students’ is stored in the blockchain system permanently, and is distributed and replicated into various blocks, which is shared among the members of the network. A blockchain can have connectivity with multiple number of nodes and create a network, which are connected with each other. The data alteration or change can be carried out at each node of the block chain, where each block of the block chain represents a list of transactions and a hash to the previous block, except for the first block.
The present invention can be used to save the data of the student’s financial transactions which can be generated during competitive exams which require the students to pay fees such as NTSE, KVPY, HBBVS, NSO, UCO, NSTSE, MTSE, IMO, NLSTSE, NSEJS, SSTSE, SLSTSE, IOS, RMO, IOM, IOEL, NSEB, NSEP, NSEC, NSEA, ZIO, IIO, NCO, NIMO, NBTO, GeoGenius, KO, SCYGANLSTSE, ASSET and IAIS and many more; financial transactions which can be generated during interschool competitions, cultural competitions, excursions and trips from school, school day functions, sports functions, any donations made for a social cause, money collected to buy gifts for teachers and so on. The present invention is not limited to the scenarios mentioned above, but can be used for any small or huge financial transaction made by a student w.r.t to the school.
All the data related to a students’ is stored in the blockchain system permanently, and is distributed and replicated into various blocks, which is shared among the members of the network. A block chain can have connectivity with multiple number of nodes and create a network, which are connected with each other. The data alteration or change can be carried out at each node of the block chain, where each block of the block chain represents a list of transactions and a hash to the previous block, except for the first block.
The present invention discloses the blockchain design, which is resistant to modification of the saved data. The open and distributed records each and every transaction that has happened between two parties with high efficiency. The entered data is easily verifiable and saved permanently. Once the data is recorded in the system in the form of blocks, it cannot be altered retroactively, and cannot be changed or altered, without alteration of all subsequent blocks, which requires permission of the handlers of majority of the blocks. This makes the blocks highly suitable for recording of the data of record management which should be highly resistant for any alteration.
There are several advantages of the present invention.
The main advantage of the present invention is that as blockchain system is used in data management of the students’ financial transactions, where the data is secure, transparent and verifiable.
Another advantage of the present invention is that the system makes the data inalterable without the consent of all the people who are taking care of the nodes i.e. the members of the financial transaction institution.
Yet another advantage of the present invention is that all the information related to the students’ financial transactions are available at one place, which can be retrieved and also tracked by any member of the network at any time.