Akropolis: Reshaping Pension Industry

Are you still working and you sometimes think about your retirement plans ? Well, that’s very important thought and should be dealt properly. On the other hand , Pension Industry is not that pretty. Serious reforms are required in this industry to address the problem of the ever-increasing deficit between Pension assets held and existing liabilities. These deficits are projected to grow rapidly in coming years and risk associated with this could create huge economic and social crisis around the globe which is never seen before. In numbers , it is predicted that gap in pension saving could increase from 70 trillion dollars to 400 trillion dollars by 2050. Pension Industry has various problems , most importantly they lack transparency , accountability. Also, the traditions pension industry are based on old assumption , stress is constantly building because of increasing life expectancy and so on. So, It’s a great challenge for working people to find a good pension scheme that could provide their expected returns.

However , with the increase of innovative technologies, humans are able to find a solution for their problems eventually. Likewise , to address this existing problem in Pension sector an innovative startup company named Arkopolis wants to build technologically advanced platform powered by blockchain technology. The blockchain is believed to be newly generated research field in every financial sector of the world. As mentioned in their whitepaper The Akropolis platform aims to leverage blockchain with smart contract technologies to deliver a transparent, accountable and portable pension infrastructure that provides services to meet the needs of the modern workforce. The key participant that will be benefited by the use of the platform is an Individual user , Pension Funds , Fund managers , Asset tokenizers, and developers. Asset tokenizers in this platform are those entities who are responsible to tokenize the assets associated with a platform to deploy the decentralized eco-system . There is centralized entity providing trust to the blockchain layer.

xcitingly, with the use of Akropolis platform a user or a global citizen let’s say a freelancer who doesn’t have access to employers pension scheme can invest in Pension fund products. according to his/her need for retirement. This platform is designed to meet users need by delivering a flexible, regulatory compliant, transparent and accountable pension protocol. While Pension funds manager are benefited by series of advantages such as reduction in regulatory and compliance overhead expenses, easy verification of document authenticity , be able to engage multiple pre-vetted Fund managers with a single platform and so on. Similarly , Funds Managers who mobilize the assets can get their quality verified for their good performance and another important benefit for them are they are connected with many clients on the platform just by signal onboarding. In order to facilitate the ecosystem, two tokens within the Akropolis platform will be used. The Akropolis external Token (AKT) and the Akropolis Internal Token (AIT). AKT serves to function the use of external users participating with the system, whereas the latter represents a stable coin and accounting mechanism to track and record capital flow internally within the system. The token utility diagram is presented below.

Andrianova. The advisor panels consist of well experienced nine members including Kate Kurvanova who is Head of Analytics in Cindicator. Akropolis is already partnered with a handful of organizations such as Kenetic Capital, Prime Block Capital, PWC. It is to be noted that Akropolis is aiming to disrupt trillion dollar Pension industry and transforming the lives of tens of millions of individual with the help of BlockChain Technology.

Website: (https://akropolis.io/) Telegram : (https://t.me/akropolis_official)