{"id":247,"date":"2022-03-05T12:54:08","date_gmt":"2022-03-05T12:54:08","guid":{"rendered":"http:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/akropolis-whitepaper\/"},"modified":"2022-03-05T12:54:09","modified_gmt":"2022-03-05T12:54:09","slug":"akropolis-whitepaper","status":"publish","type":"post","link":"https:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/akropolis-whitepaper\/","title":{"rendered":"Akropolis Whitepaper"},"content":{"rendered":"<div id=\"post-13050\">\n<div class=\"entry-content\" readability=\"67.291331122691\">\n<p>Financial systems have existed since the beginning of civilization. Over time, they have undergone a vast number of transformations, changing the formats and principles of interaction. However, the essence of Financial Systems has always prevailed \u2013 helping people realize their needs. Financial systems started as informal savings and lending groups and evolved into co-operatives, mutual insurances, and co-operative banks, which became the commercial and retail banks that we know today through centuries of growth, mergers, and acquisitions. The current legacy system has become opaque, inefficient [1], and too big to fail [2]. The fintech revolution aims to correct these failures by disrupting the financial market and creating new, community-focused models.<\/p>\n<p>Akropolis is a financial protocol for the growing billion-dollar informal economy [3]. Autonomous Financial Organizations have existed for centuries. They are common throughout the world, whether as rotating savings and credit associations (ROSCAs), or co-operatives. Through rigorous research, we have found that Kenyan Chamas \u2013saving circles \u2013 are the most profitable informal financial organizations. Chamas register US$4bn in savings annually and the overall informal economy contributes more than 47% of Kenya\u2019s GDP. However, due to the nature of their informality, these organizations are oftentimes subject to fraud, fund mismanagement, and corruption.<\/p>\n<p>We believe that the future of finance belongs to user-owned \u2013 but not necessarily user-governed \u2013 networks. Our thesis proposes that banks and other financial corporations will be replaced by a federated network of autonomous co-ops, each of which will act in the interests of its owners and interact with other parties in a single digital financial landscape. The Akropolis protocol aims to create this new digital financial landscape by providing a unified program interface for the cooperation and exchange of value of digital financial organizations.<\/p>\n<p><a href=\"https:\/\/akropolis.io\/\">Akropolis<\/a><br \/>Akropolis Whitepaper<\/p>\n<p><strong>Buy this token on Binance with our <a href=\"https:\/\/www.binance.com\/en\/register?ref=Z77JMMWN\">referral link<\/a> &#038; get a 10% discount on your trading fees!<\/strong><\/p>\n<p><a href=\"https:\/\/www.binance.com\/en\/register?ref=Z77JMMWN\"><img loading=\"lazy\" decoding=\"async\" class=\"lazyload aligncenter size-medium wp-image-20207\" src=\"\" data-src=\"https:\/\/www.allcryptowhitepapers.com\/wp-content\/uploads\/2018\/05\/binance-300x169.png\" alt=\"\" width=\"300\" height=\"169\" data-srcset=\"https:\/\/www.allcryptowhitepapers.com\/wp-content\/uploads\/2018\/05\/binance-300x169.png 300w, https:\/\/www.allcryptowhitepapers.com\/wp-content\/uploads\/2018\/05\/binance-1024x576.png 1024w, https:\/\/www.allcryptowhitepapers.com\/wp-content\/uploads\/2018\/05\/binance-768x432.png 768w, https:\/\/www.allcryptowhitepapers.com\/wp-content\/uploads\/2018\/05\/binance-1536x864.png 1536w, https:\/\/www.allcryptowhitepapers.com\/wp-content\/uploads\/2018\/05\/binance.png 1600w\" data-sizes=\"(max-width: 300px) 100vw, 300px\"><\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Financial systems have existed since the beginning of civilization. Over time, they have undergone a vast number of transformations, changing the formats and principles of interaction. However, the essence of Financial Systems has always prevailed \u2013 helping people realize their needs. Financial systems started as informal savings and lending groups and evolved into co-operatives, mutual [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":248,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/comments?post=247"}],"version-history":[{"count":1,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/247\/revisions"}],"predecessor-version":[{"id":249,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/247\/revisions\/249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media\/248"}],"wp:attachment":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media?parent=247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/categories?post=247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/tags?post=247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}