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Hope this day happy, successful greetings are always for you …
We know this nowadays crypto development is very broad and already known by many people, this is the latest breakthrough for the world economy, every time and where the person is located you can access it, many people who successfully achieve their dreams because they follow the development of cryprocurrency. Many investors are interested and you can also invest in it let us recall what ever said by world billionaires such as:
Mr. Bill Gates founder of microsof once said “The Future of money is digital currency” and also Mr. Jack Ma founder of Alibaba once said “Cryptocurrency is the key to your future wealth”
The blockchain technology has dramatically impacted various sectors of the world, easing how transactions are conducted.
The main reason behind the sudden emergence and widespread acceptance of Ethereum Blockchain technology is the secure, decentralized digital ledger. Its users must validate a transaction before it becomes successful, a factor that speeds up transactions and eliminates the need for intermediaries and hidden charges.
What is the 4th Pillar FOUR Project?
The 4th Pillar, empower individuals to build a verified professional history identity, their personal decentralized savings crypto fund and at the same time, organizations can send multiple cross border payments, work-related documentation, recruit based on verified data and help reducing carbon&ecological footprint with document digitization. The FOUR token serves as main value, connects and fuels the 4th Pillar ecosystem.
About 4th Pillar Project
This project will be a virtual blockchain work identity ledger in which individuals will build and control a tested professional identity as still save their FOUR tokens. Professional identity details created are then ‘hushed’ and incorporated with a private key for safe storage. As for the smart contracts, the technology and IPFS are used to offer viable solutions on:
- The blockchain ledger’s comprehensive identity database that has an authenticated, automatic and non-discriminatory evaluation system.
- Individualizing how users control and manage digital assets.
- An organization as it enables work-related peer-to-peer document distribution.
Benefits of the 4th Pillar FOUR Project
Individuals using this platform benefit in the following ways:
- Speedy transactions.
- Total control of your wallets and funds.
- Saving and trading possibilities.
- Storage and exposure – the possibility of getting hired without your knowledge.
Organizations:
- Speed
- Cost
- Automation
- Performance
It is based on Ethereum blockchain and will utilize Eth’s smart contracts, wallets, and technology to help its users combat their daily needs. It, thus, comes with four native token types that will power all of its private blockchain transactions while serving as its official form of currency for the course of its future existence.
According to its developers, everything was taken into consideration when assembling this platform and the token will belong to individuals, recruiters and organizations. For its users to secure their work history for more extended periods, the platform offers a secure digital blockchain ID, a long-term solution similar to current passports.
External users such as recruiters later browse through the ecosystem’s database and anonymously vet individuals using their work expertise, years of experience, location, and their employment status.
What even makes it a smart, convenient choice is the automatic verification and non-discriminatory professional identity evaluation. Recruiters will, hence, find the platform useful and truthful when sourcing data from it and later making recruitments. Everything in the process involved is more accessible and transparent too!
Another significant aspect of 4th Pillar FOUR Project is the idea of shutting off intermediaries like banks and other financial institutions. Users end up saving a massive chunk of their salaries using their personal 4th Pillar savings fund wallet.
The 4th Pillar concept
The 4th Pillar is a platform concept that gives back free choice and full control over fnancial
crypto savings to the people, bypassing the costs of intermediaries. But at the same time solving
the worker’s digital identity problem and private documentation distribution (i.e. employment
contracts, payroll slips, annexes, CVs, medical reports, performance reports, work history reports).
The 4th Pillar platform will enable organizations to transfer digital value directly, cutting costs of
middle men. It will provide the world’s frst truly automated and validated employee evaluation
system, perfect also for all recruiters, in a discrete manner.
Features and technical platform description
DAPP (4th Pillar platform) main features:
• Transfer and management of FOUR tokens
• Blockchain professional identity employee decentralised database with validated automated
non-discriminatory evaluation system
• IPFS peer to peer transfer of pay slips and work-related documents
Transfer and management of FOUR tokens:
Our simple but effective token transfer feature will enable organizations to reward or transfer FOUR
tokens directly to their employees without any intermediaries (e.g. banks), therefore saving time
and costs. It gives the individuals a possibility to save some part of the salary, yearly bonus or
other income in their own personal savings font wallet. The challenge is to build a self-managed
4th Pillar decentralised personal savings pension fund, which is funded by the organization for
which the individual is working for. Individual will have an option of building its own 4th Pillar
personal savings or pension fund under his or her total control.
Blockchain professional identity employee decentralized database with validated
automated non-discriminatory evaluation system:
The heart of the project lies in database of individuals with secure digital blockchain ID, which is
a long-term solution equivalent to a current passport. It enables individuals to store their work
history securely for long periods of time, to provide them in the future, when switching jobs.
External users of the 4th Pillar platform will also have the possibility to browse through the 4th Pillar
ecosystem and anonymously discover individuals based on their location, work expertise, years
of experience and current employment status. The system will provide an automatic verifed and
non-discriminatory professional identity evaluation, based on imported measurable data, making
recruitment easier and more transparent. As systems validated automatic evaluation is not based
on any discriminatory characteristics (e.g. gender, age, race, religion, sick leaves, parental leave
information or other parental care rights, age) it will enable employers and recruiters to act with
respect to terms and conditions of employment on non-discriminatory basis, such as education,
additional courses, additional professional knowledge, linguistic knowledge, years of service, work
commitment and work performance. Individuals will have a possibility to choose and regulate their
platform exposure.
Peer to peer transfer of pay slips and work-related documents:
Regular old fashion paper transfer of pay slips and other work-related documents can be very
expensive for the organizations. In some countries, the organization is obliged to send pay slips to
their employees in a closed envelope (for security reasons as payroll data is highly confdential)
and the employees are obliged to confrm the receipt of such envelope, usually by signing it.
On the organization’s side, it is also wise to keep all pay slips for the future, for example as
an evidence for calculating their pension. 4th Pillar platform will enable sending such highly
confdential documents in a much cheaper and safer way, meeting all the legal standards. This
will be enabled using IPFS (interplanetary fle system) in combination of cryptography (4th Pillar
browser add-on and later mobile application), Ethereum blockchain and 4th Pillar platform.
IPFS is a peer-to-peer distributed fle system that seeks to connect all computing devices with the
same system of fles. In some ways, IPFS is similar to the World Wide Web, but IPFS could be seen
as a single Bit Torrent swarm, exchanging objects within one Git repository. In other words, IPFS
provides a high-throughput, content-addressed block storage model, with content-addressed
hyperlinks.
This accomplishes two functions: authentication, where the public key verifes a holder
of the paired private key sent the message, and encryption, where only the paired private key
holder can decrypt the message encrypted with the public key. In a public key encryption system,
any person can encrypt a message using the receiver’s public key. In this case: payroll data. That
encrypted message can only be decrypted with the receiver’s private key. To be practical, the
generation of a public and private key -pair must be computationally economical. The strength of
a public key cryptography system relies on the computational effort (work factor in cryptography)
required to fnd the private key from its paired public key. If so, effective security only requires
keeping the private key private; the public key can be openly distributed without compromising
security. In other words, the information about the sent pays slip and its receiver is public, but only
the recipient is able to view its content. Besides, additional encrypted backup for the employers
and employees will be enabled, as the documentation is stored on both sides. The encrypted
backup is accessible only by the payslip owner — the individual.
Business concept, token value and token flow
The 4 th Pillar revenue model:The 4th Pillar business concept is founded on the following revenue channels:
• 4th Pillar organization earns gas fees from the FOUR token blockchain transactions
• 4th Pillar organization sells FOUR tokens to organizations for their employee rewards and gas
money
• 4th Pillar organization sells platform subscriptions to organizations, recruiters and Human
Resources agencies
4th Pillar FOUR ICO Crowdsale and Token details
- Runs from March 5 to May 5, 2018
- Accepted currencies – ETH and FIAT
- Token symbol – FOUR
- A token cost € 0.10
- Tokens issued – 400,000,000 (100%), for public sale 160,000,000 (40%)
Roadmap
Contacts
The developers can be contacted using the link below:
ETH Address : 0x4be0D62Fc296136326F1A6BB6E3A543472c41820
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