Asure Network

First Scalable Decentralized Social Security Network

Asure Network is a layer 2 scaling network that enables fast, easy and secure transactions for not only payment transactions, but also generalized smart contract. Founded by German insurance and technology experts, the network enables everyone to quickly build, operate, and use highly scalable business applications through innovations in multi-chain scaling techniques and incentive-aligned crypto economics mechanism designs. What Problems Does Asure Network Solve? We are developing Asure Network as an infrastructure for social security systems of the future. Our goal is to provide access to 4.1 billion people worldwide who have no access to social security systems today. The existing social security systems are based on centralized databases, intransparent processes, fraud, corruption, labor-intensive processes and lack of trust in systems are the challenges we solve with the help of blockchain and thus we create a global inclusion in the social security market, just as Bitcoin allows for inclusion in the financial market. Asure Network is a public blockchain that enables you to run complex business applications such as social insurance systems. By using a multi-chain architecture, individual applications are distributed and scaled using sub-chains, resulting in high transaction throughput. The integrity, traceability, and transparency of the blockchain technology can create a high level of confidence in the accuracy and fairness of the implemented business processes. This is in direct conflict with the protection of user-related data and privacy standards such as the EU General Data Protection Regulation (GDPR). Integrating zero-knowledge-proofs and decentralized identities give Asure Network the ability to resolve this conflict. In the future, there will be many specialized blockchains for various applications. Asure Network uses bridging technologies to connect to other blockchains and allows the use of business processes across block boundaries. Ethereum is the first blockchain to be connected to the Asure Network.

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About Asure Network

Social security is an essential element in the economic and political development of societies. However, there are over 4.1 billion people worldwide without access to social security systems.[1] And on the other hand, the existing social systems have other challenges that have to be overcome for demographic reasons (e.g. birth rates 1.5 compared to the world average of 2.5) or cost reasons (administrative costs of more than 50% or even more than 100%). The Ethereum blockchain is currently only able to carry out a maximum of 1.3 million transactions per day.[2] Social security systems are based in part on several hundred million transactions per month and thus cannot be sustainably implemented using the blockchain as of today.

Blockchain-based social security systems have several advantages in comparison to conventional social security systems. They ensure a constant and much higher quality of the data used and stored through process integrity, immutability and the sustainability of the system, enabling accurate real-time analysis of those. The transparency and immutability of the transactions ensure the system’s security against manipulation and corruption. By using Blockchain to remove the cumbersome and error-prone manual labor it is possible to achieve a high degree of automation, cost-efficiency, as well as easy to follow business processes.

The past developments of blockchain technology and their results show that financial transactions executed through them can be carried out securely, automatically and without intermediaries. This suggests that social security systems, as systems serving the public and using rule-based financial transactions, are a reasonable use-case for public blockchains.

The Ethereum Blockchain corresponding solutions such as Casper, and Sharding in the pipeline that will eventually solve the scalability problem on Layer 1. Even regarding the people that don’t have access to any social security systems the number of transactions required for pay-ins and payouts amounts to at least the number of people involved, i.e billions of transactions on a monthly basis for the pension system alone.

The aim of this paper is to examine a Layer-2 solution for optimal scalability while maintaining all the benefits of blockchain technology regarding decentralized social security systems.

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The team

Alexander Böhner

Insurance Advisor

Anastasia Droganova

Office Manager

Andrey Kuchaev

Community Manager

Dennis Rittinghaus

Business Advisor

Emanuel Kuceradis

Technology Advisor

Eugen Falkenstein

Team Manager

Fabian Raetz

Founder & CTO

Gamal Schmuck

Founder & CFO

Igor Gutjahr

Business Operations

Kersten Lorenz

Blockchain Expert

Michael Lurz

Insurance Advisor

Patrick Möller

Marketing

Paul Mizel

Founder & CEO

Ramazan Kunas

Blockchain Developer

Suzannah Weiss

PR Manager

Waldemar Stelle

Technical Support

Wetscheslaw Lipp

Blockchain developer

Roadmap

  1. May 2014

    Blockchain Research. First research projects in cooperation with University of Applied Sciences and Arts of Dortmund to investigate the possibilities of blockchain for insurance industry and the development of first prototypes.

  2. Aug. 2015

    Artificial Intelligence Research. First research projects about Artificial Intelligence, Machine Learning, Big Data, and Predictive Analytics.

  3. Nov. 2016

    AI Kiev Labs. Paul Mizel and his team started the development of a prototype for an AI-driven insurance advisor and full-automated chat assistant. He has also built up an office in Kiev and coordinated the efforts as a product manager to further accelerate the development.

  4. Apr. 2017

    Smart Contract Research. First research projects on the Ethereum blockchain platform and proof-of-concepts about smart contracts.

  5. Jun. 2018

    Prototype I. Develop prototype of the German pension system. The prototype can be found here.

  6. Dec. 2018

    Prototype II. Develop prototype of a decentralized pension system. The results can be found here.

  7. Jan. 2019

    Research decentraliced pension. We propose the development of a decentralized, globally available pension system using the redistribution scheme and to use a public blockchain infrastructure to operate it. The research is summarized in our DEPOT paper

  8. Apr. 2019

    Develop Asure.Network and testnet. Develop first reference implementation of the Asure.Network using the blockchain framework Substrate and provide a public testnet. The network is reviewable by the community. The Asure.Network testnet explorer can already be found here.

  9. Aug. 2019

    TGE PreSale. Please find all details regarding our public TGE PreSale in our TGE paper.

  10. Dec. 2019

    TGE MainSale. PLease find all details regarding our public TGE MainSale in our TGE paper.

  11. 2020

    MILESTONE 3: LAUNCH NETWORK AND GROW COMMUNITY

  12. 2023+

    MILESTONE 4: GLOBALISATION

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