Blockchain to reinvent pensions sector, Akropolis

Startup, Akropolis, founded by ex-Lehman Brothers fund manager Anastasia Andrianova, is building a new smart contract-based pensions infrastructure that aims to “fix the worldwide pensions crisis”.

“We’re entering a new age in which blockchain technology will disrupt existing power structures and empower individuals,” says Andriaova, who also sits on the advisory board for the Web3 Foundation, serves as a board advisor and Investment Committee member of the EU industrial IoT incubator (OpenMaker Project) and is a member of the Blockchain Ecosystem Network.

“The pensions industry is next. I believe transparent smart-contract-based pension fund infrastructures will dramatically change the way the world thinks about saving and investing. We’re working with industry experts to build a platform that supports the pension ecosystem whilst facilitating the transition to a more robust retirement savings model. Together, our pensions community can tackle the pensions crisis and ensure a secure future for many.”

A digital wallet includes individuals’ historical pensions contributions, private savings and pension data — as well as records of corporate contributors’ formula-based contributions. The core Acropolis platform is initially being developed for a single jurisdiction in the private pensions and savings market space. But the company says that it is developing country-specific add-ons. The ecosystem will operate through a native token to create a system of incentives.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

Previous Article

Bigger Bitcoin correction is on the cards

Next Article

TaTaTu to co-finance The Sound of Freedom

Read More Related articles