USING BLOCKCHAIN TO SOLVE THE PENSION PROBLEM - AKROPOLIS PROJECT
Introduction:
We human beings love security, comfort and assurance. We are fond of things which give us constant promise of security. Risk and uncertainty is not something which the human emotion accepts readily. Owing to this psychological state of mind we spend most of our lives working so that we can provide a secure and comfortable lifestyle for ourselves and our loved ones.
A revolutionary system has been put in place to assure a steady flow of income for aged people -- people are who are old enough to not work anymore. This is the system of pension -- where retired people are paid a certain amount of money to lead their lives. Pension is the bond that holds the society together, ensures smooth financial flow and maintains equality in the society.
The Problem:
Currently the world is staring at a multi billion dollar pension deficit. Governments are struggling to pay pension to all eligible citizens from reserved funds. Moreover a large chunk of this fund is spent as money transfer fees. A good part of it is lost due to mismanagement of funds by corrupt officials and bank staff. At the end of the day, it is the pensioners who suffer. All these problems -- fund deficit, corruption and mismanagement put the stress and pressure on the pensioners. It is high time that a sustainable solution be developed to tackle this menace and let the money go where it should go.
The Solution:
Blockchain is a revolutionary technology that is fundamentally changing every aspect of our lives. With a state of the art secure and transparent digital ledger system that keeps track of all transactions performed through it, blockchain is the solution that can be harnessed to create an application to manage pension funds in a decentralized manner. The Akropolis project is addressing this issue through a unique blockchain based decentralized application that offers all round management of pension funds. With an almost negligible transfer fees and an ultra secure, transparent network, the Akropolis Project aims to fix the problem of pension disbursal.
The team and the ICO:
The initial development, maintenance and market outreach will be funded by an Initial Coin Offering. Investors participating in the Initial Coin Offering can buy the AKT coin. The coin will be used for performing all the transactions in the Akropolis ecosystem. Investors can also exchange the cryptocurrency with other cryptocurrencies once it is available across all major exchanges.
The team leading the project has multiple years of experience across several sectors. The board of advisors to the project consists of executives of top multinational companies. The project has the perfect combination of the right strategy and the perfect team!
Conclusion:
Nothing excites me more than seeing a blockchain based project addressing a pressing issue of the current society. The technology has been instrumental in finding solution to long standing problems. Organizations and individuals are brain storming to find out what more can the blockchain possibly do. The Akropolis Project is a perfect example of the innovation in the blockchain space.
Pension for the retired has been an issue since decades. No one seems to bother about a solution to this problem, owing its large scale of operation. Akropolis has finally managed to crack the code and come up with an outstanding solution with the use of blockchain technology. Lead by a wonderful team and a well thought out strategy, I definitely see the team succeeding in the long run. Many ICOs focus towards just raising funds even without having a product. The Akropolis Project will definitely succeed given that it has a well thought plan to execute the vision of its founders!
Website - https://akropolis.io/
Whitepaper - https://view.attach.io/HJQ3yvpcM
ANN - https://bitcointalk.org/index.php?topic=3416631.0
Telegram - https://t.me/akropolis_official
Published by - prince0200
Profile - https://bitcointalk.org/index.php?action=profile;u=1807689