Asure decentralized pension by Paul Mizel
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A design of a decentralized pension wiout middleman and any other intermediarieries like gouverment, company or person. How can this work, and can we design this in a decentralized way? How can we create incentives? What is nedded to achive mass adoption? This is the research topics of Asure Foundation. Asure provides a scalable blockchain network for decentralized social security built around openness, privacy and fairness, powered by blockchain innovation that brings together individuals, companies and governments in a digital world. https.//asure.network
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Asure decentralized pension by Paul Mizel
- 1. DECENTRALIZED PENSION THE FUTURE OF SOCIAL SECURITY SYSTEMS
- 2. ABOUT Paul Mizel 2018 Asure Foundation, Swizerland 2015 Artificial intellegence Labs, Germany, Ukraine 2013 Blockckchain and Insurance, Germany 2005 Insurance industry, Germany 2004 Entrepreneur, Germany @PaulMizel
- 3. COMMUNITY SOLUTIONS ASURE PRODUCTS ASURE ECOSYSTEM HealthcarePension Unconditional basic income Asure Network Global Pension Asure Blockchain Asure Platform ......
- 4. MOTIVATION Access 4.1 billion people do not have access to social security systems Costs very high administrative expenditure Germany: ca. β¬ 22.3bln Error, fraud and corruption 2% to 5% on average and up to 10% of overall expenditures are lost Outdated Systems up to 40 years old Todayβs social security systems are not capable of handling tomorrowβs requirements.
- 6. PENSION A pension (/ΛpΙnΚΙn/, from Latin pensiΕ, "payment") is a fund into which a sum of money is added during an employee's employment years, and from which payments are drawn to support the person's retirement from work in the form of periodic payments. What are the various types of pension plans? - Fund based - Redistribution based Redistribution based - Mix of them
- 7. PURCHASING POWER OF U.S. DOLLAR 0,0 200,0 400,0 600,0 800,0 1000,0 1200,0 1913-01-01 1915-07-01 1918-01-01 1920-07-01 1923-01-01 1925-07-01 1928-01-01 1930-07-01 1933-01-01 1935-07-01 1938-01-01 1940-07-01 1943-01-01 1945-07-01 1948-01-01 1950-07-01 1953-01-01 1955-07-01 1958-01-01 1960-07-01 1963-01-01 1965-07-01 1968-01-01 1970-07-01 1973-01-01 1975-07-01 1978-01-01 1980-07-01 1983-01-01 1985-07-01 1988-01-01 1990-07-01 1993-01-01 1995-07-01 1998-01-01 2000-07-01 2003-01-01 2005-07-01 2008-01-01 2010-07-01 2013-01-01 2015-07-01 2018-01-01 $ 39.90
- 8. Can we save the purchasing power in a decentralized way, like bitcoin? YES!
- 9. GERMAN PENSION MODEL Employee Companies Country Pensioner Employer's contribution to pension Contributions to the pension fund from current salary Pension points for later retirement Tax subsidy Monthly pension payment DECENTRALIZED PENSION Smart Contracts ππ¦ππππ πππ = πΈπ β ππΉ β π π β π π΄πΉ
- 10. Can we design a pension wich is decentralized, like bitcoin? YES!
- 11. REQUIREMENTS OF DECENTRALIZED PENSION βͺ Incentivations βͺ Decentralized βͺ Autonomouse βͺ Permissionless βͺ Fraud-proof βͺ Corruption-proof βͺ Tamper-proof βͺ Reduce costs βͺ Fair System βͺ Without any intermediary βͺ Heritable βͺ Target: 100 years
- 12. PARAMETERS startAge = 20 maxMonthsPlan = 40 years reciveTime = 40 years 100 years avgRPT = 480 | RETIREMENT POINTS targetCV = $ 10 | CONTRIBUTION VALUE targetGF = 10% | GROWTH FACTOR
- 13. ACCESS OTHER THAN AGE πππ‘ππ‘ππππππ‘ππππ‘βπ = πππ¦ππππ‘ππππ‘βπ 2 πππ₯ππππ‘βπ ππππ Example: 20 years payment πππ‘ππ‘ππππππ‘ππππ‘βπ = (20 β 12)2 480 = 120 = 10 π¦ππππ 0 5 10 15 20 25 30 35 40 45 0 5 10 15 20 25 30 35 40 45
- 14. RETIREMENT POINTS TOKENIZATION RPT = 1 + ππππ’ππ‘ πππ₯ β ππππ’ππ‘ ππππ’ππ‘ πππ₯ β π‘πππππ‘πΆπ 1 ππππ’ππ‘ β ππππ’ππ‘ πππ π‘πππππ‘πΆπ β ππππ’ππ‘ πππ ππππ’ππ‘ > π‘πππππ‘πΆπ ππππ’ππ‘ = π‘πππππ‘πΆπ ππ‘βπππ€ππ π Example: $ 10 targetCV, $ 20 is my payment amount, $ 20 max paxment amount π ππ = 1 + 20 β 20 20 β 10 = 2
- 15. EARLY ADOPTER BONUS π ππππππ’π = RPT β (1.5 β log years + 0.01 4 ) Example: 2 RPT, 1 year π ππππππ’π = 2 β 1.5 β log 1 year + 0.01 4 = 2 β 1.5 = 3 π ππ 0 0,2 0,4 0,6 0,8 1 1,2 1,4 1,6 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
- 16. AVERAGE PENSION CONTRIBUTION VALUE ππππππ [ππππ’ππ‘π ] β [π‘πππππ‘πΆππππ] = α π‘πππππ‘πΆππππ + π‘πππππ‘πΊπΉ π‘πππππ‘πΆππππ β π‘πππππ‘πΊπΉ π‘πππππ‘πΆππππ Example: [10, 20, 25, 25, 100] ππππππ [10,20, ΰ·25, 25,100] β 10 = 10 + 10% = 11
- 17. DECENTRALIZED PENSION German ππ¦ππππ πππ = πΈπ β ππΉ β π π β π π΄πΉ Decentralized ππ¦ππππ πππ = π ππ β π πΉ β π π RF β redistribution factor RV β redistribution value
- 18. CONCLUSION Many challanges are solved Many simulations still have to be done The experiment can start Mass adaption
- 19. JOIN THE MOVEMENT Let us change social security together for the better. Asure Foundation Zug, Switzerland Website: https://asure.network @Asure.Network