Design and Development of a Reliable Blockchain-Based Pension System

With the advent of technologies in conventional tools and procedures, the life of people has become automated and flexible. Everything involves only one thing, i.e., the data. Data is the only aspect that needs to be secured at every stage and compromising the integrity of the data leads to the minimization of goodwill of the organization/individual. The data can be from the government sector or the private sector and both are equally important. The overall motive is to secure the data. The use case of securing the data of the traditional pension system is considered here. The data of the pensioners are secured by conventional techniques and approaches and now modern and SMART solutions are required to enhance their security. Blockchain, a network technology that allows decentralization, enters this space. This article focuses on the implementation of a pension system secured by blockchain.