The 4 th Pillar is a blockchain-based human resources platform
Working BETA 2. April 2018
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.
Using smart contracts, IPFS and blockchain technology, several issues are being solved
4th Pillar wallet
4th Pillar database
4th Pillar document distribution
SOLUTIONS / USER CASES
Financial security and decentralised savings
USER CASE 1
John, paper producer
Peer-to-peer documentation distribution
USER CASE 2
Alice, assistant accountant
Digital employee professional identity database with automated evaluation system
USER CASE 3
Ann, the recruiter
Ann can trust the 4th pillar database as it contains only proven facts which makes her work more efficient then ever.
4th Pillar BENEFITS
SPEED: A fast, secure, cross-border reward and savings payment system.
CONTROL: Total control over FOUR funds and wallets.
TRADING: Open trading possibilities.
SAVINGS: Decentralized long-term savings possibilities.
STORAGE: Safe storage and control over work-related documents, such as pay slips and contracts.
EXPOSURE: The possibility to be recruited or headhunted by HR agencies or other future employers due to proven work performance.
SPEED: A fast, secure and equal reward and fourth pillar decentralized savings system for the employees.
COST: Significant cost reduction when it comes to cross-border funds and documentation transfer.
AUTOMATION: Automatically verified, non-discriminatory professional identity evaluation.
PERFORMANCE: The possibility to check the employees performance over the years – a key tool for the Management (the basis for yearly bonus rewards).
RECRUITMENT: Employee recruitment possibilities.
EVALUATION: Access to a huge database of mathematically calculated, verified evaluations – an excellent tool for recruiters to help them find a proper workforce.
GEOLOCATION: The database allows searching for the employees based on their geolocation.
Ecological benefits of The 4th Pillar platform
Forests cover approximately 30% of the planet and the ecosystems they create play an essential role in supporting life on earth. They account for 75% of the gross primary productivity of the Earth’s biosphere and contain 80% of the Earth’s plant biomass. However, deforestation is clearing Earth’s forests on a massive scale.
Companies send documents and pay slips to each employee monthly. If we take for example a company with 950 employees. When sending pay slips, memos and contracts the company would use more than 1.300 envelopes as well as 3.000 sheets of paper strictly for transaction purposes. This translates to 120 trees per year and more than 8.84 tons of CO2 emissions. To better comprehend the scale let us compare this to a company with 10.000 employees. They would need 1.273 trees every year solely for document transfer and employee payments.
The 4th Pillar platform is based on blockchain transactions and digital communication. DAAP (decentralized application) will enable transfer and management of FOUR tokens, working blockchain HR database and peer-to-peer transfer of pay slips and work-related documents. With this technology, we will revolutionize the HR industry not only by implementing a cost-effective digital system but also by thinking green and by reducing the carbon footprint in businesses around the world.