THE 4TH PILLAR: A BLOCKCHAIN BASED HUB THAT WILL CHANGE HR AND FINANCE INDUSTRY

INTRODUCTION
The 4TH Pillar have created a blockchain-based futuristic hub that will serve and change HR and finance industry forever, and at the same time have a positive effect on the environment.
In the 4th Pillar, Human resources and finance connecting HUB, built with over 22 years of relevant experience utilizes advanced technologies such as DLT, PHP-laravel, smart contracts, wallets and decentralised databases to solve HR digitalisation challenge, drastically reducing the use of paper.

DLT/Blockchain provides a decentralized and secure shared digital ledger, which gives participating parties a way of validating information related to a transaction. It speeds up the process and cuts out intermediaries and costs. The 4th Pillar platform combines the unique functions that are not offered by anyone on the market today, designed by the guidelines of EU regulatory recommendations.

REASON WHY 4TH PILLAR IS NEEDED
It is time for the first European utility DLT cryptocurrency solution, with more than 216M of active employees, . It is time to update the obsolete 450B$ human resources industry and give individuals control, access, and management of work-related sensitive documents as well as provide organizations with a better, faster and cheaper way of sending them. It is also time to start recruiting based on proven work history and not only on recommendations. With 38% of companies moving their HR to the digital world, European Union needs a green document digitization solution that will reduce cost and time when dealing with sensitive document transfer and exchange (i.e. eDelivery).

KEY FUNCTIONS OF 4TH PILLAR PLATFORM

User synchronization and KYC authentication protocol.
Multiple wallet and document management system for individuals and organizations.
Individual professional DLT based digital identity function.
Approval, signing and formal delivery of authentic sensitive documents protocol (i.e. pay slip).
Verified work history-based recruitment tool.
Native cryptocurrency FOUR Fee collection option.

FOUR TOKEN – UTILITY TOKEN
FOUR token will be here to permanently serve you as 100% utility token. It provides access to professional identity verification-related services and serves as main value and gas in a decentralized, token-based ecosystem. FOUR token will be used on the 4th Pillar platform:

As main component of 4th pillar economy: The platform will use Ethereum blockchain and token teleportation service (TTS) with combination of 4th Pillar scalable cloud servers. 4th Pillar complete token economy will use FOUR token as its main value and gas. TTS interface provides Ethereum accounts with the ability to transfer the ERC20 tokens without having to pay for the Ethereum network transaction fees in ethers (ETH).
For platform usage: To use the 4th Pillar platform FOUR token is needed, to fuel the transactions, to access the database and to send digital value. The gas fees in FOUR tokens for using 4th Pillar blockchain will be minimal
For community incentives and rewards: Platform will enable individuals to receive FOUR tokens for positive incentives and reward first early adopter organizations, where 1 million euro in FOUR tokens will be assigned for this.
A b-to-b payment method and subscription: 4th Pillar organization will be able to directly sell FOUR tokens to the organizations in EUROs based on daily market price, with that eliminating the complicated FIAT / CRYPTO exchange process. All subscriptions will be possible only in FOUR tokens.
As main revenue mechanism: FOUR token will be a main revenue mechanism for 4th Pillar organization. Due to 4th Pillar internal economy using FOUR as main component, the 4th Pillar organization earns gas fees from FOUR token transactions (operational 1.9.2018). The 4th Pillar organization sells FOUR tokens in EUROs to organizations at market price (operational 1.9.2018).

TOKEN ADVANTAGE

Public Trading: FOUR tokens will be publicly traded on the major cryptocurrency exchanges and available to new users. Contributors will be able to sell the FOUR tokens after CROWDSALE completion.
The 4th Pillar Vault: The 4th Pillar vault will receive 152,000.000 FOUR tokens in the process of the token creation event. It will play a valuable part in the 4th Pillar ecosystem by regulating and balancing the FOUR token economy. Moreover, the vault will be a key essential for system operations and local/international crypto payment execution. For easier and quicker platform adoption, the vault will sell FOUR tokens to organizations in EUROs at market price.
4th Pillar Platform: The 4th Pillar platform scaling, adoption and new users will create a steady demand for FOUR token.

TOKEN DISTRIBUTION

TEAM

CONCLUSION
The 4th Pillar platform combines the unique functions that are not offered by anyone on the market today, designed by the guidelines of EU regulatory recommendations. For details information about 4TH Pillar, it is important to check their various links and channels indicated below:

Website: https://www.the4thpillar.io
Whitepaper: https://www.the4thpillar.io/documents/whitepaper.pdf
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