For many businesses and companies in general, there is often a problem with the streamlining of information, both about their employees, and about various documentation and other data. The 4th Pillar is a decentralized system that offers optimal methods for identifying company employees, as well as ways to distribute corporate documentation and financial reporting - all this becomes possible through the use of blockchain technologies and the availability of smart contracts. The 4th Pillar platform is suitable for both large enterprises and individuals.
At the moment, the main goal of The 4th Pillar is to make the work of enterprises in any industry more automated in terms of solving organizational issues, so that the work becomes more efficient, and employees could concentrate on fulfilling their branch duties. Decentralization of the platform allows to efficiently and quickly manage all the assets of the company, as well as to systematize the work of employees. A private user can also sometimes find it difficult to understand the abundance of documentation, which will be helped by The 4th Pillar system.
Previously, centralized platforms were used for such purposes, which have a significant drawback in that it manages human resources like machines, not taking into account the characteristics of a particular environment. In addition, the funds of the organizations are not located in one place, but are distributed among different structures that cannot always be called reliable, and if they suddenly cease to operate, the owners of money risk to lose them irretrievably. To prevent such situations, The 4th Pillar offers the right solution - the system uses its own FOUR token, which helps to execute all calculations between organizations and users within the ecosystem. In addition, it helps to avoid the need for intermediaries, which further reduces costs and increases warranty.
The Four Pillar project offers the following advantages to its users:
• Exercising personal control over the data and funds without unauthorized access to them by third parties;
• Rating system of participants - both representatives of organizations and individuals. This helps to establish work only with those who have shown themselves to be a conscientious and reliable partner;
• Blockchain technologies help to make transactions around the world quickly and without unnecessary actions, while avoiding various costs. The same actions can be performed quickly and reliably with the documentation;
• Convenient way to maintain a database of working employees, where no information is guaranteed to be lost or modified.
The system of transfer of funds within The 4th Pillar framework is built in the most convenient way, which saves both money and time for all participants. For employers and organizations, this allows attracting even more capital, and for workers it is an opportunity not to lose interest from their wages, while receiving profitable bonuses. The forthcoming plans of The 4th Pillar create a unique pension fund on a decentralized basis, which will come from organizations where an employee is currently employed. Another possibility for employees is the creation of their own funds, both pension and simply funded, where they can exercise control over all operations. The 4th Pillar plans to successfully enter the European market after the maximum fees have been reached.
The 4th Pillar ecosystem gives users a unique opportunity to gain full control over their documentation and cash in a convenient and fully secure mode that a bank or any other financial institution cannot offer around the world. Now, calculations can be made directly in the system, bypassing any intermediaries requiring time and other costs. As a result, both an employee and an organization benefit.
Website: https://www.the4thpillar.io/
Whitepaper: https://www.the4thpillar.io/documents/whitepaper.pdf
Telegram: https://t.me/joinchat/Hv2QVBEi2yIsGK62l9szpw
Facebook: https://www.facebook.com/The4thPillarLtd/
Twitter: https://twitter.com/THE4THPILLARLTD
Medium: https://medium.com/@the4thpillar
ANN: https://bitcointalk.org/index.php?topic=3038672
Author: https://bitcointalk.org/index.php?action=profile;u=980049
bountyhive username: denvil
Looks like a very interesting project! P.s. great review by the way
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