ICO Today Magazine News
The 4th Pillar platform is a new blockchain concept where individuals can build a verified professional Identity and a decentralized crypto pension fund, and where organizations can optimize their finances, send work documentation and recruit their potential employees. When developing the 4th Pillar platform, every aspect was thought through. We will issue the FOUR token to fuel and handle all the 4th Pillar ecosystem private blockchain transactions and to serve as a system long-term cryptocurrency value.
The Secure digital blockchain ID will be a long-term solution equivalent to a present-day passport, which allows individuals to provide their professional information when switching jobs, or to store their work history securely for long periods of time. External users - recruiters - will also have the possibility to browse through the 4th Pillar blockchain ecosystem and discover individuals anonymously, based on their location, work expertise, years of experience and employment status. The system will provide an automatic, verified and non-discriminatory professional identity evaluation, based on imported, measurable data, making recruitment easier and more transparent.
We will allow organizations to award and transfer FOUR tokens directly to their employees without any intermediaries (e.g. banks), therefore saving time and costs. The 4th Pillar will give the individuals the possibility to save some part of the salary, yearly bonus or other income in their own personal 4th Pillar savings fund wallet. Another innovative 4th Pillar feature is the transfer of pay slips and work-related documents with the help of asymmetrical cryptography through the 4th Pillar blockchain network directly to an individual’s personal wallet, creating work-related history ledger for individuals and organizations.