Human resources are the true capital of a company. Keeping them happy should be one of the many goals of the company. Managing human resources is one of the many tasks of an HR manager. This is a post which carries a lot of responsibility in a firm. The key problem that every organisation is dealing with is the centralisation. The issue of financial security is at a greater risk considering the recent attacks on centralised banking and financial institutions. The second challenge for the businesses and organisation is the lack of automated evaluation system for the employees and storage of digital identity. The third problem is the lack of a unified system for document distribution, such as performance reports, payroll slips, CVs, employment contract etc.
The value of HR industry is estimated to be 450 billion dollars. Digital integration and adoption of the latest technology in the HR industry are taking place as companies realise the importance of automation technology. The speed of adoption of technology solution in the HR process has to be increased for the purpose of the evolution of traditional HR. There is a need for a platform which can bring the technological change in the HR industry so that the new beginning of the HR process can take place.
Solution offered
4THPILLAR platform has decided to build a bridge between blockchain technology and HR solutions. The platform performs various functions to ease the task of HR process. A new database concept has been created which connects HR and employee on the blockchain. Allowing employees to build a secure and verifiable identity on the blockchain, it tracks the progress of the employees over the years. Non-discriminatory profiles on the blockchain help professionals change their jobs easily. This is the first feature of the platform which will revolutionize the current state of the recruitment process in the companies.
Data stored in the blockchain is immutable and cannot be deleted. Their goal is to create a digital asset management platform based on the blockchain technology. A few of the top features of the platform are mentioned below.
- Total control of data and personal information is provided to the user
- Automatic Evaluation system with the management of professional candidates database
- IPFS Distributed Protocol and P2P hypermedia protocol
- Individual wallet as well as organisation wallet
They have created an ecosystem of efficient and cost-effective HR process in which automation and transparency remain a priority. They have also created a 4THPILLAR Bank which is a part of the ecosystem and is utilised for the local and international payment. Decentralised Identity and financial Database with automated evaluation system(DIFIDAES) Blockchain model is utilised for the token flow in the 4THPILLAR ecosystem.
ICO INFORMATION AND TEAM
400,000,000 FOUR tokens are created for the project in which 152,000,000 Tokens are available for public sale. An early contribution to the project is open on the platform. The dates for the ICO is yet to be announced. The team working on the project has years of experience in the field of HR, technology and Business.
Conclusion
People are aware of the various responsibilities but not aware of the intricacies and inner working of the human resource management. The world of companies and firms revolve around the human resource management. From recruiting top talents to the inner workings of the company, they take care of every aspect of the employee.Blockchain technology is the future and creating solutions based on it is the prime aim of many startups. We have seen the amount of research and investment made in the blockchain technology and now its time we focussed on the real-life application and adoption of it.
P2P Document distribution is an important feature of the platform which will secure the documents and provides transparency to the organisation. The alternative financial system is being supported by the cryptocurrency and this platform supports the basic financial services, which will help companies improve their payment and financial structure. Many companies and individuals have started adoption of the cryptocurrency in their daily life and now its time for mainstream adoption of the blockchain technology. What do you think about the different features of the platform?
Website: https://www.the4thpillar.io/
Join campaign here:https://bountyhive.io/browse/4th%20Pillar
My bountyhive name:Kishan