Abstract
With the development trend of aging and low fertility in China, disability and dementia increase year by year in the elderly population. The demand of long-term life care service for the elderly with disability and dementia brings great challenges to the service supply and funds of the traditional endowment insurance model. However, with the application of blockchain technology, the Time Bank’s mutual-support old-aged care mode can better solve the above problems. First, the author uses SWOT analysis to comprehensively analyze the advantages, difficulties, opportunities and challenges of the Time Bank’s Mutual-support for the Aged mode in China, then the blockchain technology is applied to this mode, finally the corresponding optimization scheme and suggestions are put forward.
Highlights
With the increasingly severe ageing of our population, some social problems have gradually come to the fore
With the social trends of aging and low fertility, the most intractable problem is that the demand for long-term life care services for the elderly with disability and dementia cannot be met with each passing year
As the blockchain technology can store a huge amount of data that cannot be deleted so that the data retrieval can be guaranteed, the participants of the Time Bank need not worry that the work they have done cannot be verified
Summary
With the increasingly severe ageing of our population, some social problems have gradually come to the fore. With the social trends of aging and low fertility, the most intractable problem is that the demand for long-term life care services for the elderly with disability and dementia cannot be met with each passing year. To better implement the policy of overcoming the population aging, it is necessary to find a path suitable for China’s national conditions to solve the problem of care service supply for the elderly with disability and dementia. Time Bank, as a mutual aid mode, can effectively solve many old-age care problems caused by aging. Its own shortcomings shall be the main reason why Time Bank old-age care mode has not been popular
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