How Auctus Is Revolutionizing Retirement Savings Through the Blockchain

Blockchain technology has gained widespread exposure with the rise of cryptocurrencies in financial markets this past year. As Bitcoin, the first application of cryptocurrency technology, soared to $20,000 a token in mid-December, what was once a tech enthusiasts plaything quickly became a respected asset that investors would buy and sell.

Along with this newfound interest in crypto has come a newfound interest in the tech behind it, blockchain. Cryptocurrencies represent just one application of blockchain technology, a network of decentralized ledgers and smart contracts that are able to transfer information quickly and securely.

As the tech has gained exposure, more startups have sprung up with new applications of blockchain to all sorts of industries. Blockchain technology has the potential to streamline nearly any transaction of value. Industry giants like Walmart and IBM have already begun to use the tech at the China-based Blockchain Food Alliance, a collaboration between the two companies and Tsinghua University in Beijing.

While many of the industrial applications of the technology can be implemented immediately or on short time scales, it has taken a bit of time for independent developers to learn and master the tech. One company, Auctus, has done just that and applied blockchain technology to the often confusing world of retirement savings.

The main goal of the Auctus platform is to empower regular users of the platform to manage their retirement savings in ways they never would have previously thought possible. Users can mix crypto assets with traditional investments on the same platform, allowing for new possibilities in retirement savings. Robo advisory and an analytic suite are also provided by the platform, allowing for users to make more informed decisions than ever on their investments.

In addition, Auctus sees its platform as community driven, and offers a community marketplace where users can buy and sell applications and services related to success in their investments. Altogether, Auctus, has a comprehensive plan to revolutionize the way the public manages their retirement savings.

The Auctus platform’s location on the blockchain allows for a number of unique features that other retirement savings solutions don’t have the capacity to offer. Auctus allows for the simultaneous management of both crypto and traditional assets on one central interface.

Users are able to trade both assets from the same platform, allowing for unparalleled hedging opportunities. In addition, the blockchain allows for transactions to occur quicker than ever, further streamlining the process of managing ones’ retirement portfolio.

Auctus has also been able to implement a robo advisory system as well as a comprehensive analytics suite that allows users to be more informed about their portfolio than ever. Robo advisors are available to assist users 24/7, providing recommendations for users to implement into their investment strategy based off of analysis-based recommendations from peers.

If users desire, these robo advisors, through the utilization of smart contracts, can also automatically rebalance and allocate assets in users’ accounts based off of these recommendations, allowing for inexperienced investors to be as hands off in the process as they want and further streamlining the complicated process of buy and selling new assets.

The analytics suite provided by Auctus is also full feature for users who prefer to make their own investment strategies. Scenario projections, risk metrics, portfolio optimization applications, crisis hedging information, and actuarial analysis are all available for users directly on the platform.

One of the most unique features of the Auctus platform is its community marketplace. Users with skills in finance and computer science are able to offer applications and services on the marketplace in order to assist users with their retirement planning. All transactions in this marketplace occur using the AUC token, a proprietary cryptocurrency that allows for not only fast and secure transactions but also for the implementation of smart contracts into transactions that ensure good behavior.

AUC transactions on the marketplace are incredibly safe for potential buyers. When payments are made in the token, a smart contract is created between the buyer of the product or service and the seller. If apps don’t work as they should or provide bad results, users are able to quickly recuperate their tokens. The same is true for service providers. If a service provider offers poor advice, they too don’t get paid, saving users from the unnecessary headache of trying to retrieve money from untrustworthy advisors.

As the blockchain industry continues to grow and its applications reach the public, it will be important for not only investors and tech enthusiasts but also the average joe to pay attention to what the technology has to offer. Blockchains possibilities are far reaching, and it just takes a few small but smart companies who uncover these opportunities to change the world.

One of these companies very well may be Auctus, a new startup who is revolutionizing the way people save with the blockchain. As the company continues to develop, Auctus will certainly be a startup all walks of life should be keeping their eyes on.

Disclosure:

The author has had a working or personal relationship with one or more companies mentioned in this article in the past. Access to mentioned company’s management and information was made through the author’s personal network. All information was vetted prior to posting.

Disclaimer:

This essay is not intended to be a source of investment, financial, technical, tax, or legal advice. All of this content is for informational purposes only.

How Auctus Is Revolutionizing Retirement Savings Through the Blockchain was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.