Akropolis is a technology platform which combines blockchain with pension industry and connects all the stakeholders without involving middlemen. There are three major stakeholders in the pension industry. The first stakeholders are the Individual Users, who use the platform to secure their pension savings. The second ones are the Pension Funds who are institutional entities and hold their own network and a group of users. The third stakeholders are the Fund Managers who are institutional entities and have the mandate both from the Individual Users and the Pension Funds for purchasing or acquiring the assets.
In any pension system the Fund Managers play a vital role, it’s their responsibility to ensure the best returns on any Pension Funds presented to the Individual Users. Therefore, the Fund Managers must meet the high standards of professional credibility and honesty.
Akropolis has created a platform which ensures transparency and has developed a mechanism of stringent regulations which need to be fulfilled for the Fund Managers before they can offer their services to the other stakeholders. Akroplolis has adopted a basic economic model of incentivizing all the players in the prevailing pension system, particularly for the Fund Managers to encourage them to act reputably and professionally on the behalf of individual investors and at the same time they should be able to receive the genuine and fair fee for their services.
Akropolis offers a lot of benefits to the Fund Manager, here is a brief summary.
Ø Quality Verification – Once registered with the platform after passing the required vetting process, good actors will be able to present themselves with a source of authentic truth as an evidence of their good behavior and the credibility of the products they are offering.
Ø Simple admission to the platform – Joining the platform is very simple and all the formalities are fulfilled in a single event.
Ø Access to multiple clients – After joining the platform, the Fund Managers have the access to many Pension Funds and individuals at one place who can be offered the services and products.