In the digital era like now, more people are using the Internet or the cool language of the cloud to store data than on paper. This also forms the basis of the emergence of the 4TH PILLAR project, as it sees more progress towards cloud storage, while the data must be stored with very high security, so the 4TH PILLAR uses blockchain technology to protect the data of its users. In addition, this project will reduce the use of paper and carbon footprint around the world so that this project also supports the ecology of the world itself.
Some of the main foundations of the 4TH PILLAR platform development project are as follows:
• The number of costs that must be incurred by the HR industry that reached up to € 450 B
• The number of active employees to reach 216 M people (EU only) where all of them are potential users
• Some companies are beginning to think about switching to digital HR by 38% worldwide
• Active employees worldwide have now reached 3.3 B people and continue to grow
On a solid basis, some of the above teams of the 4TH PILLAR get the idea of creating a platform where the platform serves as a link between job seekers and the company.
HOW DOES IT WORK
- User (an individual or an organization) want to send documentation
- first select the document and let the 4TH PILLAR platform encrypt it with the user’s public key stored in a database of registered users.
- Once this step is done, the document is sent/stored to IPFS through INFURA, which allows for secure, reliable and scalable access to the IPFS gateway. The InterPlanetary File System then provides the user with the “hash” of the saved location that serves as an admittance to the sent document. This hash is then, through a smart contract, saved on the blockchain and accessible by the recipient.
- The user then receives the previously mentioned hash and downloads it from IPFS.
- Once downloaded, the hash can be decrypted with the user’s private key saved in the browser’s Add-On or later using a mobile app.
COMPETITION COMPARISON TABLE
ROADMAP of 4TH PILLAR
Q2 2017: THE 4TH PILLAR concept
Q3 2017: Legal, tax & Legislation
Q4 2017: ICO & BETA preparation
Q1 2018: BETA development: PHP Laravel DAPP platform, FOUR token & Smart contracts and Wallet for individuals and organizations
2.4.2018: THE 4TH PILLAR BETA release:
• Wallets for individuals and organizations
• Unique multiple wallet value transfer option
• Admin system for organization
• FOUR token economy with gas fee possibility
Q2 2018: TGE & Public sale
Q3 2018: FOUR token exchange listings
Q3 2018:
• Platform testing
• Development of blockchain and ipfs based postal service for sensitive registered document distribution
Q4 2018:
• Start of B-to-B sales (SE Europe)
• Launch of blockchain&ipfs based postal service for sensitive registered document distribution
Q1 2019: Mobile wallet app launch (ANDROID APP)
Q2 2019: THE 4TH PILLAR organisation financial audit 2018
Q3 2019:
• Mobile wallet app launch (IOS APP)
• Development of digital employee professional identity data base with automated evaluation system
Q4 2019: Development of digital employee professional identity database with automated evaluation system
Q1 2020: Development of SYNCHRO module for organisations
Q2 2020: THE 4TH PILLAR organization financial audit 2019
Q3 2020: Organisational SYNCHRO module launch
Q1 2021: Digital employee professional identity database with automated evaluation system launch
Q2 2021: THE 4TH PILLAR organization financial audit 2020
Q3 2021: Fully functional platform & global integration
The 4TH PILLAR platform empowers individuals to build a verified professional identity and a decentralized personal crypto savings fund. Simultaneously, it enables organizations to recruit based on automated and verified employment data as well as digitally transfer multiple cross-border payments and work-related documentation. The FOUR token serves as a main value connecting and fueling the 4TH PILLAR ecosystem.
Website: https://www.the4thpillar.io/
Whitepaper: https://www.the4thpillar.io/documents/whitepaper.pdf
Bountyhive Username: anggaps
Referral: https://bountyhive.io/r/anggaps