You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.
- Buckminster Fuller
ADVISORS, PARTNERS AND EARLY BACKERS
The Enterprise Ethereum Alliance (EEA) connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts. The EEA is helping to evolve Ethereum into an enterprise-grade technology, providing research and development in a range of areas.
Problem & Solution
Pensions: a US$400 Trillion problem
The existing pensions infrastructure is broken. The system suffers from misaligned incentives, lack of accountability, and hidden fees. (...)Read More
All this burden is passed onto individuals, who have no control over their money, especially when moving jobs or countries. Management fees can erode up to a third of the total amount. Millennials and Generation Z, do not trust or contribute to the system. Yet pensions are the largest segment of the global financial ecosystem, totalling more than US$36 trillion in assets.
The World Economic Forum predicts that the worldwide savings gap will grow from 70 trillion today to US$400 trillion by 2050 - that's 5x the global GDP. It is already too late to fix the current pension system.
Akropolis is building a new decentralised pensions infrastructure from the ground up.
We aim to deliver secure, transparent and efficient savings to the pensions savers of the future by putting individuals in control of their data and funds. (...)
Our novel solution is building a new transparent system of record keeping and self-executing smart contracts through a decentralised platform, bringing together a blockchain protocol, user friendly mobile delivery and a community of advocates.
- Old World
- New World
- No control over assets and data
- No visibility on fees
- No trust in the system
- No real control
- Confusion and complexity
- No accountability for misused fund
- No personalisation
- Self sovereignty
- Trustless system
- Accountability and incentives
- Tailored plans
- Old World
- New World
- No interaction between savers and fund managers
- Inefficient legacy system
- No user behaviour data
- Interests misaligned between end users and trustee
- Personalisation and direct access for consumers
- Technology enabled system, set up a virtual fund in seconds
- Users rewarded for sharing their data
- Few intermediaries, aligned interests
The Akropolis platform architecture is based on on-chain and off-chain API gateway.
FOUNDERS AND ADVISORS
The passionate, dedicated Akropolis team is changing global finance forever. Get to know them.
- 40% Сontributors
- 20% Reserve fund partnership
- 20% Team
- 10% Marketing ecosystem development
- 10% Advisors, early supporters
Use of proceeds
- 50% Technology and talent
- 15% Partnerships
- 12.5% Legal and regulatory
- 10% Marketing
- 10% Operations
- 2.5% Contingency
Akropolis concept developed
Angel funding round
Pre-sale softcap reached
Institutional partnerships signed
Token sale contract developed
Security audits completed
MVU v1.0 deployed on testnet
Technical Whitepaper published
Joined Ethereum Enterprise Alliance
MVU v2.0 deployed on testnet, community members act as beta-testers, feedback gathered
Institutional partnerships signed
Technical architecture finalised
Bok Khoo, blockchain security expert, joined advisory board
Deploy MVP with trial users
Expand accessible asset universe
Akropolis v1.0 deployed on mainnet
Full audit on library of smart contracts completed by two independent auditors
Governance research and development
First trial digital pension fund tested and launched
External API is released for third-party add-ons
Hardware wallet integration
DAO governed token curated registries
Where to meet us
Akropolis & Cindicator Meetup: Future of Digital Fund
Beyond Blocks, Korea Blockchain Week
TechCrunch Sessions Blockchain
United Nations Blockchain Conference
Dapp Dev Conference
Beyond Blocks, Japan Blockchain Week
What is Akropolis?
Akropolis is a technology platform designed to address deep-seated structural issues of the global pensions sector. It is designed to be a multi-jurisdictional platform for the delivery of pensions, social welfare and future benefits in a portable manner, that over time brings together individual end users and large institutional players in a new system of incentives.
What does Akropolis stand for?
The greek word ‘acropolis’ refers to the “upper city”, the first known human urban fortification, first established in what is now modern day Syria, followed by Ancient Greece and Rome. It is the defensive core of the city, a city within a city.
We chose to go with the Greek spelling. True to its name, Akropolis’ mission is to address the individual users’ needs - which are not addressed in the current pensions system with its misaligned incentives. We aim to re-dress them to incentivise distribution of the benefits of technology to the end users.
What problems does Akropolis solve?
The current pensions system is based on outdated assumptions, is rife with conflicts of interest and lacks transparency and accountability. We are addressing that by designing from the ground-up solution that meets peoples’ needs.
The two aspects necessarily have to be brought together in a coherent protocol in order to create a future-proof solution that takes into account how we live, work and consume.
Is Akropolis a pension fund?
No, Akropolis is not a pension fund. Akropolis is a technology company dedicated to the delivery of the sector-specific protocol.
Who are the main marketplace participants in the Akropolis protocol?
Sector advisors and service providers
Is your project open source?
Not at this time. However the project is intended to be open source over time.