Lightstreams, the blockchain for speed and privacy, has partnered with pensions platform Akropolis in a significant boost to the Akropolis mission of building a decentralized pensions protocol.
Akropolis is planning to use Lightstreams’ pioneering technology to ensure sensitive pension information can be included in smart contracts, whilst retaining total confidentiality.
The two companies will also explore the development of a system that allows income and royalty payments for content producers to be swept into Akropolis’s long-term savings or pensions wallets.
Akropolis is building an entirely new pensions infrastructure to make funds more secure, transparent, and easier to move between for individuals— ensuring they can find the pensions that suit them, then save in the knowledge their funds will remain safe from raids by companies or governments.
Lightstreams’ decentralized authorization protocol means owners of a smart contract can dynamically grant or revoke permissions to others so that only those they authorize can access the information and accordingly execute those smart contracts. It uses proven IPFS technology to provide privacy, confidentiality, and scalability for dApps that interact in direct, peer-to-peer markets.
By leveraging Lightstreams to remove traditional blockchain limitations, Akropolis can tailor smart contracts for pension use cases requiring high levels of privacy and security. Savers can be sure that sensitive pension information will remain confidential forever.
“I’m really proud to collaborate with Akropolis on such an important and transformative use case. The Lightstreams protocol is specifically designed for the sort of private and confidential data control that is needed in this type of blockchain platform.”
Lightstreams is currently undertaking a private round which will be closing soon. The next stage in the project’s ICO fundraising is a pre-sale round followed by a public sale of token before network launch in Q3 2018.
“Privacy and security has to be at the heart of the new pensions system. By leveraging Lightstreams’ blockchain, sensitive information on our platform will be subject to absolute privacy. Lightstreams has developed an innovative technical solution to the public blockchain privacy problem and this is great news for our platform.”