The 4th Pillar project aims to build a platform that will serve the human resources sector with blockchain technology and innovations that can be considered revolutionary. In this recruitment process, which has significant advantages for both companies and individuals, the project will use its own cryptocurrency, Four.
In the recruitment process, forms are usually filled out and applications are made on the internet. However, the accuracy of this information about the person cannot be verified until the job interview is held. Making different and misrepresentations can cost the company time and money. The 4th Pillar platform enables intelligent contracts to use documents validated from the start for both parties. Thus, there is no trust problem and both the applicant and the employer will not lose time and money. In addition, the platform brings together parties around the world and allows them to make low-cost payments through four tokens.
On the platform, employers are able to directly pay workers in the FOUR token for their work without intermediaries. This saves time and lowers the cost of transactions. They only pay a transfer fee in four token which is far less than the cost of the transaction when paying through banks.
4th pillar uses a decentralized storage system (IPFS), to save worker-related information like pay slip, medical report, performance reports, etc. Sometimes payslips, which contains the details of payments of salary, deductions of taxes, etc. need to be handed over to the workers for signing or verification and these are confidential data. The payslip is kept by the organization for evidence for calculating pension of workers. The 4th pillar will leverage the blockchain technology to store all these information on a peer-to-peer distributed system seeking to connect all connected systems to the file system - interplanetary file system (IPFS). This makes sharing of information to the authorized party, very easy and faster without fear of compromise for a very long period of time. All the organization has to do is to share the public key of the file with the employees to access the files. The public key allows the file to be read but not edited.
On the 4th pillar platform, each individual has total control over his own wallet, no monthly deductions, they can save part of their earnings. Individual wallet contains their tokens, work-related information, and digital identity.
Individuals are also able to store their personal data like work history for a long period of time and available to them when switching jobs.
On the platform, there is the employee evaluation system for all recruiter in a discrete manner so that recruitment can be conducted without discrimination (gender, age, race, religion, sick leaves, etc.).
External users are able to browse through individual's information and discover them based on their location, years of experience, employment status, work expertise etc.
Project roadmap
As we see, the team respects the deadlines for accomplishing the tasks set. So in Q1 2018, according to the roadmap, the beta version of the application was presented. Now in Q2 begins the public sale of tokens. Plans and scope of work are large, up to 2021.
Q3 2018
• Platform tests
• Development of postal service on the basis of blocking and ipfs for sensitive registered document distribution
Q4 2018
• B-to-B (SE Europe) sales start
• Starting a mail service based on blockers and ipfs for registered document distribution
Q1 2019
• Launching a mobile wallet application (ANDROID APP)
Q2 2019
• A financial audit of the organization 4th PILLAR 2018
Q3 2019
• Launching a mobile wallet application (iOS APP)
• Development of a digital database of professional employees with an automated assessment system
Q4 2019
• Development of a digital database of professional employees with an automated assessment system
Q1 2020
• Development of the SYNCHRO module for organizations
Q2 2020
• A financial audit of the organization 4th PILLAR 2019
Q3 2020
• Running the SYNCHRO Organizational Unit
Q1 2021
• Digital professional employee identification database with the automatic launch of the evaluation system
Q2 2021
• A financial audit of the organization 4th PILLAR 2020
Q3 2021
• Fully functional platform and global integration
Conclusion
Ecosystem The 4th Pillar will provide users with direct control and control over digital means. Allows you to fully control and secure your personal data and documentation. No bank in the world or another organization allows this. Organizations will have the opportunity to bypass all mediators, by direct, immediate sending of funds to employees, which saves colossal funds, thereby increasing the effectiveness of the organization itself. Also the circulation of documents in the ecosystem is completely transparent and loss as such is impossible. In order to invest in a project, it must be a difference that distinguishes it from others. 4th Pillar seems to have made this difference with the help of cost reductions provided by the employer, a wide range of personnel options, performance monitoring, and recruitment and evaluation services all around the world. In the same way, it brings important innovations in the field of human resources by creating access to business opportunities around the world, document storage, career creation, trade and saving opportunities. In addition, a significant amount of exhibiting environmentally friendly approach to preventing the use of paper projects a big well done. Personally, my opinion is that the platform deserves attention, because this is a future huge base for finding work and employees
Important links:
• Official Website: https://www.the4thpillar.io/
• Facebook: https://www.facebook.com/The4thPillarLtd/
• Twitter: https://twitter.com/the4thpillarltd
• Medium: https://medium.com/@the4thpillar
• Bitcointalk: https://bitcointalk.org/index.php?topic=3038672
• Linkedin: https://www.linkedin.com/company/4th-pillar/
• Whitepaper download: http://the4thpillar.io/documents/whitepaper.pdf
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