Asure Network Decentralized Pension System

3 min readJul 11, 2019

Decentralized Pension System

in order to show that blockchain is capable of handling difficulties worldwide, Asure has also created a model of a worldwide pension concept that is entirely decentralized and thus, not within the letter into the arms of governments, the letter one or the other-or insurance company.
This is a plant-phase study caused by demonstrate as well as public provision system have all chances to be improved in the future with the support of the technological processes blockchain.
The idea is that in order to implement the concept of retirement with pay, according to the verge, the income of Ethereum blockchain. members pay their own contributions to ETH frustrating acquire ERC20 markers in outcome. virtually no investments no vlozhitsya in exchange cash and cash therefore, the share is not charged. instead, commercial ETS are used directly on repayment of the debt under the pension.
how much will the pension the payout is dependent on this, what number of pension tokens to waste a pensioner paliadeli. letter. how many contributions someone has brought to the concept

As well as the principle, the concept of payment according to the boundary of the passage function only due to the fact that the countries introduce
mandatory concepts of public provision frustrating, in a similar way, is able to provide a solid number of members hackathon deposits. in the dispersed concept of pension provision
no one can be forced to be a member. participation in Asure creates
a few incentives that are caused by the cause to numerous acceptance.
In a dispersed pension concept, as well as frustrating in the traditional, who exactly would
makes the biggest contribution, gets the most significant pension. commercial long life modules playrole. than longer individual creates ongoing payments, this longer retirement will be paid.

Decentralized aid funds for Emeritus professors Asure dApp operates in our time period in Ethereum
Rinkeby trial order. one was invented in the period of the hackathon ETHBerlin hackathon able to be
access according to the following hyperlink: https://ethberlin.asure.io
Pension-the amount in this case, the fact that the price goes crying no less, if not more,
as payment. dispersed security is based in the German pension
system hackathon emboadied “contract generation”. young generation
pays for older origins according to their frustrating abilities in interchange,
pension powers are marked in the variant of pension rights tokens
(PET)