The funds managers of the two biggest Dutch pension funds are testing in a joint experiment a blockchain-based system to improve pension administration. Their goal is to make the market simpler, more transparent and cheaper.

The market would as well be more secure thanks to the technology’s advantages. One of these resides in its participative aspect, assuring a better transmission of data to participants, who could access their retirement informations significantly easier.

According to PGGM, the first results are encouraging and, if work is still needed, such innovation is still seen with an optimistic lens.

APG manages EUR 456 billion of pension funds in the education, government, construction, housing corporations, energy and utilities, social and medical sectors. APG provides pension for one fifth of Dutch families.

PGGM manages EUR 205.8 billion for various pension funds and connects pension, care, living and working.