By: Ken Howard
Copyright December 2017
The creation of Blockchain Technology in 2009 has gone down in history as the most significant contribution toward the development of human evolution. The Blockchain has matured and evolved into a multifacited enabeling technology which is positively transforming human civilization at every level. Blockchain technology has grown and evolved so fast, it's become a virtual powerhouse, economically valued at near a Trillion Dollars on the Open Market Globally. By 2020, in just 3 years, it will grow to over $10 Trillion Dollars, and within 10 years, could replace the $200 Trillion Dollar Paper Fiat Currency's. Blockchain is positively DISRUPTING and DECENTRALIZING every single human INDUSTRY, government and processees, making them better, faster, more efficient, less costly, 100% transparent and NON CORRUPTABLE.
Here is a brief video overview of Blockchain Technology
Now, Blockchain is about to completely disrupt and revolutionize Retirement Plans around the world, by gauranteeing participants a 40%+ Higher initial monthly income to start, as well as, significantly increasing yearly incomes over the life of the plan. The Blockchain Retirement Plan will be offered in 2018 through Tontine Trust, who is developing a platform to issue fully regulated cryptographically-secured income distribution tokens in 2018. The Plan is like a decentralized gauranteed annuity, where the profits go to the Tontine Members, rather than annuity issuers (corporations). The Tontine Trust Plan is so revolutionary, it has already been identified by Industry experts as the solution to the looming global retirement crisis.
Appropriate regulatory & licence applications are under preparation and it is expected that these shall be finalized in early 2018.
Tontines are a 300 year old retirement funding solution, which in the late 19th century, were so popular that over half of all US households had invested the modern equivalent of $170 Billion Dollars in a tontine.
In 1906, they fell out of favour in the US due to insurance companies tampering with the membership ledgers & withdrawing too much investor capital as "insurer profits". Tontines work wonderfully for members to ensure high monthly incomes when the companies didn't illegally tamper with the Ledgers. Nowadays, with Blockchain technology, it is immpossible for anyone to "cheat" the Ledger of a Tontine. So, Tontines and Blockchain are a perfect marriage.
Fast forward to 2017 and the top 20 OECD countries are facing a $100 Trillion Dollar pension shortfall, and Fitch Ratings have now downgraded the insurers which are the counterparties of many of the most widely held private pension products.
The time is right for a trustless peer-to-peer Pension Retirement system which provides substantial cost & time
efficiencies and is properly secured by advanced mathematics, immutable ledgers & pseudonymous accounts.
The Tontine Trust flagship product will be an Exchange Traded Fund (ETF) designed to deliver optimal returns based upon Nobel Prize Winning Research and advanced mathematical algorythims.
This short video will explain how the Tontine works
Biometrically authenticated members will receive monthly payouts to their Tontine Accounts linked to TonCards which can be used at over 40 million merchants and ATMs worldwide.
And the Best Part is...
Tontine Trust Plan members can conveniently and securely transfer funds instantly into any supported currency or any of their third party financial accounts with no penalties and no fees.
Members can conveniently use their TonCards to spend or make withdrawals at over 40 million merchants & ATMs worldwide.
So, as you can see, Blockchain and Tontine Trust have the Plan to completely transform the looming Global Pension and Retirement Plan crisis into a solvent and richly benevolent Platform, averting a potential major financial meltdown that would make the Banking Crisis of 2008 look like childs play!
To learn more, please go to the home page of Tontine Trust @
https://tontinetrust.com/
If this Article added any value to your life, provided you any ideas, solutions or inspired any creative input, we would appreciate if you'd vote it up, share it and if you have the financial means, please support it and my Blog with any amount of a donation you care to give!
Seasons Greetings to All!
Ad Astra!
"To the Stars"
Congratulations @kenhoward! You received a personal award!
Click here to view your Board of Honor
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @kenhoward! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit