AKROPOLIS - For a Better Life after Retirement
One of the biggest concerns in the field of job opportunities is the kind of a life a job offers after retirement. Pension schemes were introduced to ensure financial stability to an employee, especially veterans, after their retirement. These schemes enabled a person to get a regular income even after they stop working. When we say that a company offers pension money, it doesn't mean that the company is giving its own money. A certain amount is deducted from the person's salary while he or she is employed and that money is added to the pension fund. Once the person retires, money from this pension fund is paid to the person as a regular allowance on a monthly or yearly basis. As great as this scheme sounds, the pension scheme has been in a big crisis in recent years and has not delivered the benefits that it promised.
"A pension is nothing more than deferred compensation."
- Elizabeth Warren
With constantly changing workplace norms and payment transactions that are not very transparent, it is becoming hard for an individual to manage his/her resources and allocate appropriate money to pension funds. Also, the government schemes for taxes are continuously being revised which leads to even more confusion. The entire responsibility for managing pension funds fall upon the individual alone, who is neither knowledgeable nor qualified enough to take up such a mammoth task. But unfortunately that is what happens, and in the end the employee gets considerably less returns.
"My NFL pension can barely pay my son's tuition. You know, it's very little money."
- O. J. Simpson
Thus, it is quite obvious that there is a need for reform of the pension policies on a global scale to prevent economic and social catastrophe and help people lead better lives after retirement. Statistics are showing that if no action is taken, then things are only going to get worse. Consequently, Akropolis has designed and developed a platform that is powered by blockchain technology to solve the problems in the existing pension schemes.
The Blockchain Solution
Because of using blockchain technology, the Akropolis platform is decentralised and it delivers a pension infrastructure which provides services that are transparent, efficient, reliable and portable.
The Akropolis platform gives the user full control over their transactions without the need for a middleman party which is tedious and expensive, and it acts as the single source of pension truth for the individual. But even though the Akropolis platform is user-centric, it provides benefits to the industry participants like the pension funds and the fund managers as well, through reduced regulatory overheads, access to token-based mechanisms for interaction with clients and also new marketing opportunities arising from the reputation and ranking of the systems.
Akropolis uses the AKT token for all transactions on the platform like making payments for services, paying user rewards and so on. This makes the transactional process easy to carry out but at the same time secure and reliable because it is fully blockchain-based.
Blockchain has recently emerged as a technology that can be used to provide solutions to a wide range of problems. Akropolis considers the pension scheme to be no exception. They feel that their product has the potential to atleast improve, if not completely reform, the current state of affairs in the pension schemes and policies that are plummeting in terms of productivity and usefulness. And with the amount of effort the talented team of experts is putting in and the support that their powerful investors are showing, I feel that this project is not far from achieving its vision of solving the world's pension deficit problem.
Website - https://akropolis.io/
Whitepaper - https://link.akropolis.io/whitepaper
Telegram - https://t.me/akropolis_official
ANN - https://bitcointalk.org/index.php?topic=3416631
Published by - coineaglebt
Btalk profile - https://bitcointalk.org/index.php?action=profile;u=1936073