How ASURE NETWORK is changing Pension Insurance with blockchain

There are over 4.1 billion people with no access to social security systems. The challenges before social security systems are both demographic and monetary.
For people to live their live to the fullest potential,there should be adequate social security systems.
These systems range from pensions,child and youth support,invalidity insurance,accident insurance.
Asure Network is building an ecosystem of products around social security systems with primary focus on pensions.

The Asure ecosystem is a product of the Asure network, Asure blockchain,the Asure platform and third party applications.

Asure provides a scalable blockchain network for decentralized social security built around openness, privacy, and fairness, and brings together individuals, companies and governments in a digital world.

Asure Network

It consists of client nodes which operate and synchronize the Asure blockchain,it speeds transaction loads across separate blockchains for optimal performance as one or many blockchains can be specific for a single social security systems.

The requirements for building of such network include transaction throughput,privacy,transparency and security.

Transaction throughput: The Network must increase transactions throughput so that client(nations or residents) can transact within the off chain.

Privacy: No private data will be stored,it’s encrypted and stored outside the blockchain,it used zero knowledge proofs and it has to comply with the GDPR.

Transparency: It is to protect against corruption and tampering while respecting users privacy

Business rules for the system: It will create custom side chains with the Ethereum Virtual Machine(EVM) or the Ethereum WebAssembly Machine(EWASM).

Security:The system must show resilience in the face of attacks and secure network transactions against theft and corruption.

To augment for the limitations of layer 1 in scalability,Asure Network will use the plasma framework.
Buterin and Poon proposed plasma in 2017,today many plasma proposals exist like Plasma MVP,Plasma cash,Plasma Debit ans has implementation in several projects like OmiseGo,Loom Network.
To fit social security needs,Asure will combine the Asure root-chain and corresponding side-chains,these side-chains can be connected to Ethereum smart Contracts or other blockchains with plasma implementations or design patterns.

ASURE BLOCKCHAIN

A social security system consists of “certain” rule based(financial) transactions executed against variable parties under equilibrium in deposited and withdrawn value over a period of time.

One could program a blockchain to do this with the help of cryptocurrencies and smart contracts.
The Asure blockchain adopts the Proof of Stake Consensus algorithm as against Proof of Work that’s often criticized for its alarming power consumption.
It rewards validators for creating blocks.
It takes privacy very seriously and is considering zero knowledge proofs(ZK-SNARKS and ZK-STARKS). The EVM provides for Turing completeness,Asure blockchain proposes self-enforceable plasma construction to guarantee only valid state submitted to root-chain, providing a way to enter and exist account storage between two chains because each chain has identical architecture.

ASURE PLATFORM

It consists of components that provide the network and protocol for the use and construction of social security systems including the client ,Software development kits, tools and frontend apps.
The purpose of the platform is to create an ecosystem in which social security systems can be developed,tested,simulated,managed and productively used as quickly as possible.
It consists of nodes(main client) connected peer to peer and can broadcast information by a gossip protocols.
Asure hopes to build an SDK with easy use and deploy features with little to no developer support. It provides tools that support the creation,testing and simulation of created solutions on the Asure Network.
It will create several user friendly applications like blockchain explorers,pools,mobile apps(iOS and Android),a wallet etc.

PAST WORK

Asure primary focus is to create solutions,around pension insurance.
A number of Asure team members have in the past researched and created products around blockchain.

In 2013,CTO Fabian Raetz did a research project at the university of applied science and art Dortmund,he analyzed the emerging blockchain technologies and its possible applications.

In 2014,Paul Mizel & Fabian Raetz led a team to develop NJR coin, a blockchain based currency as a proof of concept and tested different kinds of blockchain issues and economic systems.

In 2015,Paul Mizel and his team used several algorithms and other tech stacks to create an AI based innovation projects, an “Insure Chat”, “Insure Assistant”.
The apps were fully automated chatbots for support,claims management and other tasks with a unique learning mechanism and connection to social platforms like Facebook,Telegram etc.

To demonstrate the potential of a blockchain based social security,Asure created a prototype based on the model of the German Statutory Pay-as-You-go pension system.
It will become the reference implementation for dApps using the Asure blockchain and platform.
It features a feasibility study of the German statutory pension system implemented on the Ethereum and Asure platform.
A complete wallet implementation
An overview and management of your insurance policies
An insurance store to find and buy insurance policies
Learn more : https://dapp.asure.io

To demonstrate the global reach of blockchain,Asure develops a global pension system protocol that is fully decentralized,it’s modeled after the Pay-as-you pension systems.
Contributions are paid in ETH by members who receive ERC-20 tokens,their ETH are used for the payment of outstanding pension claims.
As against states where social security systems are compulsory,Asure is decentralized,it creates incentives for membership in a bid to gain mass adoption.

The payout depends on amount contributed and duration where the funds were left on the platform.
It was developed during the ETHBerlin Hackathon and can be accessed via https://ethberlin.asure.io.

ASR TOKEN

The token will be used for On-Chain Governance and by Network Validators as well as Service Providers to participate as stakers in the proof-of-stake consensus mechanisms of the Asure network.