The major US companies have been changing retirement and pension systems for over three decades. The first pensioners generation largely depended on their own savings for retirement.
However, today many pensioners still have to work to make ends meet, buried by debts incurred for credit cards, used cars, health care and sometimes, the payments for college educations of their grandchildren. Some retired citizens even lose their homes.
As a result, many of them have to struggle for their finance and suffer from financial shortfalls, trying to survive.
With the emergence of blockchain a lot of possibilities opened, including public sector. But some governments are still bullish on this technology, as far as public services are concerned.
Still, there are a lot of things to privatize and decentralize in pension systems as governments are too bloated and inefficient in many domains. But the blockchain may be a perfect solution for many problems here.
Moving Towards the Blockchain
So far, the blockchain has been associated with cryptocurrencies. But the EU’s 20 member states feel that the blockchain should be used to decentralize services, rather than to create financial instruments, according to the Declaration on the European Blockchain Partnership. So, the outlook is to create value-based, trusted, user-centric digital services.
What does this mean?
It means that the EU is already thinking ahead of privatization of governmental operations with blockchain. So later on, we would see denationalized and decentralized blockchain protocols in:
- Healthcare
- Childcare
- Education
- Pensions
And it would greatly push down the costs. It may even reduce worldwide pension gap projected to grow to $400 trillion by 2050!
Akropolis
The current pensions system is based on outdated principles. It is inefficient and has a lot of interest conflicts, also lacking transparency and accountability. Thus, Akropolis is designing the ground-up solution meeting people’s needs.
Akropolis is a technology platform designed to solve structural issues of the global pensions sector and encourage a fair pension system payment. It is meant to be a multi-jurisdictional platform for pensions, social security and benefits, connecting individuals and large institutional players together.
Akropolis has a technology providing a more reliable future for pensioners and preventing many major foreseeable risks. The blockchain and tokenization will create transparency and economic efficiency with minimum fee erosion.
The control will be placed firmly in the hands of users, completely removing third parties.
How it works?
An individual user will have single account that is tied to his identity.
The Akropolis provides an efficient gateway between both individual users and institutional market players. The fund/assets manager conduct on the system is enforced through a number of incentive mechanisms to obtain optimal outcome for all participants.
Fund managers invest on behalf of individual and institutional clients, build tokenized assets portfolio, which is distributed to investors. Investors then maintain a global blockchain portfolio which represents pension investments.
In general, Akropolis creates a certain bridge between pensioners and investment funds. The pensioners assets are properly regulated by professional investors and this provides stability for the future pensions finance.
ICO and Token sale
- Total token supply - 900,000,000
- Maximum token amount for sale -360,000,000
- Hard cap - $25,000,000
- Maximum token amount for sale - 40%
- Token price - $0.069
Conclusion
Before us is a project with the necessary product for the whole world. The scale is very large, they can make a revolution in this sector and bring the pension system to a new level.
I think that the project has very great prospects, the more I see many advantages. The demand for tokens from institutional and ordinary investors will be very high.
So I decided to participate in this project, but what do you think? Leave your comments please and share your opinion.
You can find detailed information on the following links:
Official website
Whitepaper
Telegram
Medium
Github
Bitcointalk Username: CapnBDL
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=212645
My Ethereum address: 0x577FA2553Af35908072Af7fc61270fd98022002b