THE 4TH PILLAR – CHANGING THE WAY HR INDUSTRY WORKS TODAY

INTRODUCTION

Blockchain Technology: Blockchain Technology is the secure, decentralized digital ledger. Its users must validate a transaction before that become successful, a factor that speeds up transactions and eliminates the need for intermediaries and hidden charges.

Today the blockchain technology has dramatically impacted various sectors of the world, easing how transactions are conducted.

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.

ABOUT

WHAT IS 4th PILLAR?
4th Pillar is a human resource (HR) and finance connecting HUB for individuals and organizations built with over 22 years of experience. Based on the Ethereum blockchain and teleportation service, the platform utilizes smart contracts, wallets and IPFS protocol to solve day-to-day problems experienced by individuals and their employers. Our solutions drastically reduce the use of paper as well as help reduce the carbon and ecological footprint.

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 to reduce carbon & ecological footprint with document digitization. The FOUR token serves as main value, connects and fuels the 4th Pillar ecosystem.

The 4th Pillar is embarking on a mission to improve and revolutionize the current recruiting system and employment process by saving precious resources, cutting unnecessary costs, solving day-to-day inefficiencies and overall empowering individuals, employers, and organizations with a vast array of digital solutions!

The 4th Pillar offers innovative blockchain solutions:

Wallet system capable of sending multiple payments from an organization to the individual
New blockchain & IPFS based postal service for sensitive registered document distribution
The possibility of recruitment based on verified work history

MAJOR PROBLEMS AND SOLUTIONS:

✗ PROBLEM:

Lack of financial security due to centralized banking.
No decentralized savings option.
No cryptocurrency wallet system capable of managing multiple transfers.
Extremely expensive and time-consuming cross-border payments!

✓ 4TH PILLAR SOLUTION:

Financial security.
Decentralised savings.
Unique wallet system.
Instant multiple cross-border payments with lower costs.

✗ PROBLEM:

No mainstream blockchain service for B-to-B and B-to-C work related sensitive document distribution, storage, and control.

✓ 4TH PILLAR SOLUTION:

One of a kind innovative blockchain & IPFS based postal service for sensitive registered document distribution.
Environmentally friendly P2P communication.

✗ PROBLEM:

No online recruitment platform based on verified data.

✓ 4TH PILLAR SOLUTION:

Digital employee professional identity database with the automated evaluation system.
Possibility to recruit based on verified work history.

THE 4th PILLAR WILL DISRUPT THE POWER OF INTERMEDIARIES AND ENABLE ORGANIZATIONS TO:
• Send multiple wallet cross-border payments with lower costs and in less time.
• Send work-related documentation securely, confidentially and with lower costs, while drastically reducing the use of paper. Thus, we reduce the carbon & ecological footprint.
• Reward employees for their achievements with digital assets.
• Follow employees performance with the automated and verified non-discriminatory evaluation system - a key tool for management in determining annual bonus rewards.

THE 4th PILLAR WILL DISRUPT CONTROL OVER INDIVIDUAL DIGITAL ASSETS AND EMPOWER THE INDIVIDUAL TO:
• Build a verified professional history and identity.
• Own and take control over their work-related documentation.
• Build their personal decentralized crypto assets.

THE 4th PILLAR WILL DISRUPT THE WAY RECRUITMENT HAS BEEN MANAGED FOR THE LAST 70 YEARS BY:
• Disrupting the obsolete CV form.
• Recruiting based on verified work data (not relying only on endorsements, references and word of mouth).
• Accessing an extensive database of individual evaluations to find suitable. workforce.

THE BLOCKCHAIN
Blockchain provides a decentralized and secure shared digital ledger, which gives participating parties a way of validating information related to a transaction. In doing so, it speeds up the process and cuts out intermediaries and costs. The blockchain is made out of a trail of validated facts. These facts can be anything from money to information.

As part of this digital system of record keeping, each transaction and its details are validated and then recorded across a network of computers. Everyone who has access to the distributed ledger receives this information and the parties agree on the accuracy before the block is replicated, shared and synchronized among the entities. A blockchain is virtually impossible to tamper with since each block of information references the block before it. In an age when trust is both elusive and held at a high premium, blockchain presents a way to confirm, validate and authenticate both values and events.

Smart contracts are basically a code or rules written into a digital program, which determines what happens when digital assets come in or when certain conditions are met.

USING SMART CONTRACTS, IPFS AND BLOCKCHAIN TECHNOLOGY, SEVERAL ISSUES ARE BEING SOLVED

FOUR TOKEN.
FOUR token provides access to your digital professional identity and serves as the main value.

BLOCKCHAIN TECHNOLOGY.
Blockchain enables transparent and secure peer-to-peer transactions with a click of a mouse.

P2P DISTRIBUTION.
Peer-to-peer (P2P) enables you to send and receive documents as well as make transactions.

IPFS.
InterPlanetary File System (IPFS) enables a safe and protected way of storing information.

How does it work?
It enables you to control your personal savings crypto-fund as well as receive and send cross-border payments and other work-related documentation. It uses the FOUR token as main value to fuel the 4th pillar ecosystem.

BENEFITS OF THE 4TH PILLAR PLATFORM:

BENEFITS FOR INDIVIDUALS:

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.

BENEFITS FOR ORGANIZATIONS:

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 employee's performance over the years – a key tool for the Management (the basis for yearly bonus rewards).
RECRUITMENT: Employee recruitment possibilities.

BENEFITS FOR RECRUITERS:

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.

FOUR TOKEN

FOUR TOKEN = 100 % UTILITY.
The FOUR token has been created as a utility token from the very beginning. With an embedded token teleportation service and multiple transfer option, the FOUR token serves as an atomic unit and main technical component of the 4th Pillar ecosystem. The FOUR token provides access to one’s professional identity and verification-related services. It overall serves as the main value and “gas” in a decentralized, token-based ecosystem. It also represents a unit of the network. The bigger the network grows, the more utility in the token. Designed and embedded in the blockchain infrastructure, it can serve as a very important part of the blockchain and be a valuable addition to the blockchain ecosystem. The number of tokens is fixed, thus, there cannot be any inflation effect. As the adoption of the 4th Pillar network and FOUR token transaction volume within the network grow, the demand for the FOUR token increases.

The FOUR token usage on the 4th Pillar platform:

AS A MAIN COMPONENT OF THE 4TH PILLAR ECONOMY:
The platform will use Ethereum blockchain and token teleportation service (TTS) in combination with 4th Pillar scalable cloud servers. The 4th Pillar complete token economy will use FOUR tokens 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). Instead, the account pays for token transfer fees in the native FOUR token.
FOR PLATFORM USAGE:
To use the 4th Pillar platform, the FOUR token is needed in order to fuel transactions, access the database and send the digital value. The gas fees in FOUR tokens for using the 4th Pillar blockchain will be minimal.
FOR COMMUNITY INCENTIVES AND REWARDS:
The platform will enable individuals to receive FOUR tokens for positive incentives and reward first early adopter organizations (1 million EUR in FOUR tokens will be assigned for this).
A B-TO-B PAYMENT METHOD AND SUBSCRIPTION:
The 4th Pillar organization will be able to directly sell FOUR tokens to organizations in EUROs based on daily market price. The latter will eliminate the complicated FIAT/CRYPTO exchange process. All subscriptions will be possible only in FOUR tokens. We will prepare special packages for recruiters and organizations.
AS A MAIN REVENUE MECHANISM:
The FOUR token will be the main revenue mechanism in the 4th Pillar’s internal economy. The 4th Pillar organization will earn gas fees from FOUR token transactions (operational September 1st,2018). The 4th Pillar organization sells FOUR tokens in EUROs to organizations at market price (operational on September 1st, 2018). In addition, the 4th Pillar organization will sell platform subscriptions in FOUR tokens to recruiters and HR agencies (operational in Q3 2019).

TOKEN FUNCTIONS:

TARGET: The 4th Pillar collects contributions to launch the 4th Pillar platform on the SE European and European market.
TOKEN NATURE: The 4th Pillar token (FOUR) is the key element and an atomic unit of the 4th Pillar DAPP. All 4th Pillar transactions, gas fees, and token transfers will use the 4th Pillar utility (FOUR) token as the main transactional currency.
TOKEN TYPE: FOUR – tokens will be released on the Ethereum platform using the ERC 20 standard.
NUMBER OF TOKENS: The number of FOURs issued is strictly limited to 400,000,000 tokens. The FOURs won’t be issued again in the future. 152,000,000 tokens will be available for PUBLIC SALE. When this number is reached, PUBLIC SALE will be considered complete and further contribution collection phases will be stopped.
FIAT VALUE OF THE TOKEN: The value of one token equals 0.10€. Tokens will be distributed proportionally within the number of contributions acquired during the CROWDSALE process, including additional bonuses and rewards.
CURRENCIES ACCEPTED: ETH

TOKEN ADVANTAGES:

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 economies. 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 tokens.

TOKEN DETAILS:

TGE EVENT: Tokens will be generated on the CROWDSALE day in April 2018
TOKEN SYMBOL: FOUR
BLOCKCHAIN: Ethereum
MAX NUMBER OF FOUR TOKENS ISSUED: 400,000,000 (100%)
FOUR TOKENS DISTRIBUTED IN THE PUBLIC SALE: 152,000,000 (38%)
DECIMALS: 18
INITIAL VALUE: 0.10 €
TOKEN STANDARD: ERC-20

PUBLIC SALE DETAILS:

EARLY CONTRIBUTION: Start date: January 20, 2018 – end date: TBA, 2018 (minimum contribution per KYC 20 ETH) -whitelist approach with 50% bonus.
CROWD PRE-SALE: Start date: TBA, 2018 – whitelist approach with 30% bonus.
CROWDSALE: TBA, 2018 – whitelist approach.
TOKEN DISTRIBUTION: start on CROWDSALE and continuously during CROWDSALE phase.
PREFERRED WALLET AND ETH ADDRESS: My Ether Wallet
SOFT CAP: 2,000,000 €
HARD CAP: 12,000,000 €
CURRENCIES ACCEPTED: ETH
UNSOLD TOKENS: All unsold FOUR tokens will be distributed (i.e. airdropped) between public sale contributors according to their contribution.

TOKEN DISTRIBUTION:

152,000,000 (38%) FOUR tokens are intended for public sale
152,000,000 (38%) FOUR tokens will form the 4th Pillar vault. The 4th Pillar vault will be a valuable part of the 4th Pillar ecosystem, key essential for system operation and a source for B-to-B FOUR token sales. For easier and quicker platform adoption, 4th Pillar vault will sell FOUR tokens to organizations in EUROs at market price.
50,000,000 (12.5%) FOUR tokens are held by the founders and the team, but VESTED for a period of 12 months and gradually released monthly according to the 12-month cliff plan
29,000,000 (7.25%) FOUR tokens are intended for the advisors
10,000,000 (2.5%) FOUR tokens go to the contributors, who help with the project
7,000,000 (1.75%) FOUR tokens are reserved for the bounty. Bounty tokens will be distributed for community building and sales incentives for pre-sale contributors.

FOR MORE INFORMATION, CLICK THE LINK BELOW:
Website: https://www.the4thpillar.io/
Whitepaper: https://www.the4thpillar.io/documents/whitepaper.pdf
Telegram: https://t.me/joinchat/Hv2QVBEi2yIsGK62l9szpw
Twitter: https://twitter.com/the4thpillarltd
Facebook: https://www.facebook.com/The4thPillarLtd/
Medium: https://medium.com/the4thpillar
LinkedIn: https://www.linkedin.com/company/4th-pillar
GitHub: https://github.com/The4thPillarOfficial
Youtube: https://www.youtube.com/channel/UCcMkIrVUJoILdEpA4An0Sog
Steemit: https://steemit.com/@the4thpillar
Reddit: https://www.reddit.com/r/4th_Pillar/
Bitcointalk: https://bitcointalk.org/index.php?topic=3038672.0;all
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