Today's blockchain technology allows for multi-organizational retirement plan (401k/IRA) transactions across many "permissioned" digital workplace ecosystems. The creation of new digital retirement plan processes, contract execution, digital employee identities and electronic documentation when combined with smart contracts (self-executing computer programs that only run if certain conditions have been met) enable new workplace retirement plan operating models. Blockchain technology is poised to completely upend the retirement market and the way plan sponsors (employers), plan participants (employees) and providers (third-party administrators) do business. Blockchain technology, while emerging among many defined contribution and defined benefit plans, promises to boost authentication & data security, increase efficiencies in plan & participant set-up, investment, NAVs & transaction settlements (thus decreasing retirement plan costs) and improving data sharing between all retirement ecosystems participants (such as TPAs, advisors, plan sponsors and plan participants). All transactions are immutable and blockchain provides for a single source of truth. Our solutions are based on Intellectual Property (IP) and are US Patented. Moreover each solution is customized at the organization level, irrespective of size and industry.
Creating Trust, Value and Efficiencies
A new Digital Workplace is being constructed. The opportunities are limitless.
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