Akropolis, The Decentralisation of the Pension Funds System
What happens to us when we grow old and cannot work, or be productive at all. Do we just sit jobless and have no source of income till we die. This is where pension comes into play.
A pension is a sum of money that has been deducted from one salary during his employment years and its accumulated and stored till one’s retirement from work, that's when he gets the payment either in full or periodically.
This pension is maintained by a pension fund or scheme in many countries. But this days, the economy of most countries is struggling and due to many issues, the rate of people retiring are increasing. So as many wait to be paid swiftly with their accrued money, the country may not be ready or able to pay them as quickly as it's supposed to be.
But with the evolution of technology and the administration of blockchain technology into the pension scheme, the system will improve greatly. We can humbly say that Akropolis will be the first decentralised system for the pension funds. This means that they will be effective, reliable, free from theft and corruption free system that pays pension swiftly. The system is based on the smart contracts and the ethereum blockchain and it was specifically designed to give users their pension with less stress and without the factor of human weakness.
Akropolis creates opportunity for its utility by different categories of people and they include
- The individual Users - this is the user that will be using the platform for pension savings
- Pension Funds - they are corporate bodies that represent more than a single user and use it for their pension savings.
- Funds Manager - they are also corporate bodies that can make transactions on behalf of the users and their pension funds
- Asset Tokenizers - this involves the creation of tokens to fund the transactions that takes place in the platform. The assets that are usually procured here are in tokens.
- Developers - this are the technicians that contribute to the development of the platform.
The benefits of Akropolis include
- It provides a very safe and tamper proof collection of funds and has a very safe and effective account keeping.
- It has an endless storage space
- With smart contracts, it allows for a greater and faster transactions.
- Prevents unauthorised access to the assets
- Has a variety of tools that aid the pension systems.
Akropolis has two types of tokens and they include Akropolis External Token (AKT) and the Akropolis Internal Token (AIT). The tokens that is available to individual user is the AKT, while the AIT is used to power the platform.
Conclusion
This Akropolis will be a game changer in the pension sector as it will raise the trust, the effectiveness and the swift payment of the pension funds as well as maintain the transparency.
For more information visit the links below
Website - https://akropolis.io/
Whitepaper - https://view.attach.io/HJQ3yvpcM
Facebook - https: // www. facebook.com/akropolisio/
Twitter - https://twitter.com/akropolisio
Telegram - https://t.me/akropolis_official
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