Track: The Future of Pensions

two plastic bottles = 14 euro bigger pension

In the Blockchaingers Hackathon 2018, the Future of Pensions track aims to develop ideas for how the new generation can have financial security down the road. 

The Winning Solution - FHICTchaingers

A lot of people don’t believe in pensions, they do not believe that 1 euro now will be worth 14 euros when they retire. However, based on the average return rate of APG, the largest pension provider in Europe, it is. FHICTchaingers will increase pension funds and awareness, using micropayments. At every touchpoint, for example, when receiving a deposit, handing in old cell phones, difference in electricity dalt rates, you can decide to receive the deposit now or have it deposited in your pension fund. In increasing parts of the world you can use the deposit for handing in your used plastic bottle. With the built prototype the team proved that it is really easy to scan the deposit-ticket, and get it into your (pension)account.

APG currently pays a lot of money to verify that the money that is put into the pension account of someone actually is there. FHICTchaingers used blockchain technology to save the pension funds and its participants, a lot of money. Thus making pensions more available. The micro-transactions are stored bundled on the blockchain. The employee, employer and pension fund can all see track the progress of the pension directly in the blockchain and work closer together thanks to this transparency. The solution offers a high level of security, because the data on the blockchain can’t be tampered with for fraud and amounts can be checked directly by regulators.

“Pensions are relevant, but at the same time they are boring. It's an important issue for the industry to engage people today, to help them save for tomorrow. This team and their solution can make that happen.”

Gerard van Olphen, CEO of APG​

The Blockchaingers Hackathon Impact Canvas

All 15 relevant topics for building and growing the solution of a team are present in this canvas. Beginning at the top left, with problem and MVP, to impact on society in the middle and legal and technical challenges on the right. The bottom is reserved for acceleration of the solution.

The solution in three slides



The teams have been challenged to explain their solution in three slides. During the awards show, the winners presented these solutions on stage to the blockchain ecosystem.

More on FHICTchaingers

E52: Via de blockchain naar betere pensioenvoorziening

Follow The Money: Alle wereldproblemen werden gehackt in Groningen

Antti Kailio: Not just money but human needs – look into the future of pensions

Antti Kailio: The generation without pension – in the way we know it

Runner-up: Luna Bound

 “Alternative investment vehicle in digital infrastructure”. 

Traditional money from pension funds will be converted into Ether and invested into stakes on behalf of the customer. The value of money will be measured not by work, but by staking your Ether. The product allows for a company to invest funds and to insure, in return, a digital infrastructure.

The Blockchaingers Hackathon Impact Canvas