The blockchain technology has dramatically impacted various sectors of the world, easing how transactions are conducted.
The main reason behind the sudden emergence and widespread acceptance of Ethereum Blockchain technology is the secure, decentralized digital ledger. Its users must validate a transaction before it becomes successful, a factor that speeds up transactions and eliminates the need for intermediaries and hidden charges.
What is the 4th Pillar FOUR Project?
Joining the many applications of this technology is the 4th Pillar platform, a new ecosystem designed to serve individuals, recruiters and organizations. It is a blockchain-based ecosystem where savvy individuals will establish a verified decentralized professional identity and crypto savings fund.
Organizations will also use the ecosystem to elevate their financial capabilities, submit work documentation and recruit potential employees. Essentially, the original concept of this blockchain-based is partly private and partially crowdsale contribution-funded resource and finance connecting platform for both the individuals and organizations.
About 4th Pillar Project
This project will be a virtual blockchain work identity ledger in which individuals will build and control a tested professional identity as still save their FOUR tokens. Professional identity details created are then ‘hushed’ and incorporated with a private key for safe storage. As for the smart contracts, the technology and IPFS are used to offer viable solutions on:
- The blockchain ledger’s comprehensive identity database that has an authenticated, automatic and non-discriminatory evaluation system.
- Individualizing how users control and manage digital assets.
- An organization as it enables work-related peer-to-peer document distribution.
Benefits of the 4th Pillar FOUR Project
Individuals using this platform benefit in the following ways:
- Speedy transactions.
- Total control of your wallets and funds.
- Saving and trading possibilities.
- Storage and exposure – the possibility of getting hired without your knowledge.
It is based on Ethereum blockchain and will utilize Eth’s smart contracts, wallets, and technology to help its users combat their daily needs. It, thus, comes with four native token types that will power all of its private blockchain transactions while serving as its official form of currency for the course of its future existence.
According to its developers, everything was taken into consideration when assembling this platform and the token will belong to individuals, recruiters and organizations. For its users to secure their work history for more extended periods, the platform offers a secure digital blockchain ID, a long-term solution similar to current passports.
External users such as recruiters later browse through the ecosystem’s database and anonymously vet individuals using their work expertise, years of experience, location, and their employment status.
What even makes it a smart, convenient choice is the automatic verification and non-discriminatory professional identity evaluation. Recruiters will, hence, find the platform useful and truthful when sourcing data from it and later making recruitments. Everything in the process involved is more accessible and transparent too!
Another significant aspect of 4th Pillar FOUR Project is the idea of shutting off intermediaries like banks and other financial institutions. Users end up saving a massive chunk of their salaries using their personal 4th Pillar savings fund wallet.
4th Pillar FOUR ICO Crowdsale and Token details
- Runs from March 5 to May 5, 2018
- Accepted currencies – ETH and FIAT
- Token symbol – FOUR
- A token cost € 0.10
- Tokens issued – 400,000,000 (100%), for public sale 160,000,000 (40%)
4th Pillar FOUR ICO Project Verdict
Even though the 4th Pillar Project has no Whitepaper at the moment, it’s clear how the idea is realistic. In fact, the business model and token flow capture everything. It has a team of four able founders who serve under the advice of two expert advisors.