Blockchain “could streamline operations and make it easier for pension account planners and holders to manage payouts.” (Photo: Getty)

Streamlined operations and easier payouts are only some of the benefits that blockchain could bring to the pension planning industry.

So says an Investopedia report, which points out that although the retirement services industry has estimated total pension assets of $19.1 trillion in the U.S., the fact that it’s still reliant on data silos and Excel spreadsheets means that inefficiencies are built into the system. Blockchain, it says, “could streamline operations and make it easier for pension account planners and holders to manage payouts.”

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