Affiliation:
1. Lovely Professional University, India
Abstract
Retirement planning is a crucial step in any individual's life, yet many complain of dissatisfaction with the plan they made before retirement. Many variables, the uncertainty of life, and socio-economic shocks make this planning difficult. At times, an action plan needs some adjustments, which can be made through financial institutions. Any loan or scheme offered to an individual involves risk calculation. Transparency in records and the complete history of an individual's financial transactions can help institutions access risk correctly. Linking transactions and other details with blockchain technology can improve transparency and can make retirement saving plans viable for individuals. This chapter explains the relevance of blockchain technology in context to retirement planning investment. This chapter also suggests a blockchain model that can be implemented by financial institutions to make their products favorable.
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