During his talk at D1Conf, Fabian spoke about how the blockchain technology offers the potential to establish cost-efficient and tamper-proof decentralized social security systems. To highlight the current challenges of such systems, Asure has implemented the German statutory pension system on the Ethereum blockchain. Fabian presented the results and experiences they had developed within the scope of this project focusing on the things current the decentralized insurance and decentralized social security ecosystem lacks. He also provided an outlook on how the prototype would eventually scale for millions of people. These slides are courtesy of Fabian Raetz, AsureNetwork

1. Decentralizing
Social Security
Social protection and poverty reduction through
blockchain based social insurance
Fabian Raetz, CTO at Asure

2. About me
Fabian Raetz @FabianRaetz
● IT Consultant at BROCKHAUS AG
○ 10+ years experience within the insurance industry
○ part of innovation labs
● Co-Founder and CTO at Asure
○ research and promote decentralized social security
○ research and develop the Asure.Network
● Open Source enthusiast at night
○ OpenBSD user and porter
○ Ethereum

3. Why Decentralizing Social Security?
4.1 billion people
worldwide
without access
to social security
systems.
Social security
systems play a
central role in the
economic and
political
development of
societies.
Blockchain technology will
help to provide cost efficient
and tamper-proof social
security systems.

4. Pay-as-you-go pension systems
Pay-as-you-go
(redistribution)
pension
Big
economic
impact
Depends
on a high
birth rate
Can be
introduced
quickly
Birth rate in 2017, Source: Wikipedia

5. Prototype: German pension system
Pensioner
Country
Employee
Companies

6. Prototype: Decentralized pension system
Pensioner
Country
Employee
Companies

7. Lessons Learned
PAYG pension
systems are well
suited for
blockchain
social security
systems require
many transactions
Pension: 1 tx per
participant each
month
Not feasible to
run on ethereum
mainnet

8. Asure.Network
German unemployment
Uganda pension
Uganda healthEthereum mainnet
Bridge
Bridge
Bridge
special purpose
Asure blockchain
for large insurance
use cases
Global pension
Bridge
Bridge

9. Follow @AsureNetwork on Twitter / Telegram / etc.