Auctus, a smart contracts-based blockchain platform, is targeting the $36.4 trillion pension market using the Ethereum network and its immutable ledger. For the vast majority of workers and lifelong professionals, pensions are a vital component of their retirement savings. Over the past decade, with record low interest rates and more regulation, pension funds have become significantly more advanced by outsourcing asset management and concentrating risk in a minor part of their investment portfolio, while otherwise aiming for low-risk and secure investments. But, despite being a multi-trillion dollar market, the pension industry has struggled to deal with pension frauds, scams, and bankruptcy.
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