ICO Review — 5 reasons why 4th PILLAR should be the future of HR industry

biomanforcerose (0)(1)in #blockchain • 6 years ago

4th PILLAR is an infrastructure that offers several products based on DLT technology to solve the problems of digital resource exchange and recruitment.

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1. A big industry that needs to evolve

Two figures are important in order to understand the extent of the problems that currently exist in terms of digital resources exchanges and recruitment: the number of active people and the percentage of companies turning to inappropriate digital solutions.

213millions. This is the number of active people in the European Community (28 countries) in 2017 (OECD figures).
38%. This is the percentage of companies that have "migrated" their recruitment processes to the digital.

After several studies, discussions and exchanges, when the issues of the exchange of sensitive documents or recruitment are addressed, the same problems are raised. These main existing problems are:

The accessibility of the documentation. Most sensitive documents must be delivered in person and delivered against signature. With the current technologies (e-mail, centralized digital distribution, etc.), it's impossible to send confidential documents in a secure manner.
Centralization. Many sensitive personal documents (payroll, medical records, employment contracts, ...) are held by different organizations. In many cases, individuals can't get their personal documents quickly because it usually takes a lot of time and money.
Trust. No current system allows the decentralized exchange or distribution of sensitive documents with certainty regarding the authenticity of the documents distributed and the digital identity of the recipient and the sender.
The delivery time and the cost of the established document distribution services (ie postal services, different shipping services, etc.).
Unreliable data when looking for a quality workforce. Most recruitment processes are based on CVs and recommendations that are not, for the most part, sources of reliable information or which take a long time to verify.
Online identification. With regard to digital identities, account verification is still a real problem. How to trust the interlocutors with whom we exchange documentation?

2. Blockchain and DLT; a perfect mix for a complete solution

4th PILLAR is a technological infrastructure from which several products are developed using DLT technology. These products are intended to solve the problems of digital resource exchange and recruitment by addressing both individuals and organizations; all while offering solutions that comply with European standards.

The 4th PILLAR offer is based on three main products: FOURdx, FOURid and FOURhr.

FOURdx is a protocol that allows its users to securely exchange and store sensitive digital resources. These exchanges are done without intermediary and relies on a secure, robust, fast and very inexpensive DLT solution.
FOURid is also a protocol that also relies on DLT technology. This protocol establishes the self-standing individual identity and allows users to be verified, authenticated and visible in the vastness of the DLT.
FOURhr is a recruitment tool that permits "verified" recruitment based on a valid, measurable and objective work history.

The main advantages of the solutions proposed by 4th PILLAR are:

Decentralized solutions based on Blockchain Ethereum and DLT technology.
A better, faster, and cheaper way to transfer, archive, access, and share digital assets and sensitive documents.
100% compliance with GDPR and eDelivery standards
A considerable target market potential ranging from individuals to large companies

4th PILLAR, how does it work?

4th PILLAR's solution is based on Blockchain and Ethereum smart contracts. Its solutions are also based on DLT technology.

FOURdx, the document exchange solution, will be the first solution implemented by 4th PILLAR. But concretely, how does it work?

A Lambda user sends a document in FOURdx using the provided API
The document is encrypted and then stored in the Repository
The Lambda user receives the link from the location where the document is stored
The link is propagated within the DLT.
The recipient can then download the document and decrypt it either with the private key saved in the browser add-on or later using a mobile application.

3. An experienced team

The team consists of thirty people: twenty core team members (including five founders) and a dozen Advisors. 4th PILLAR does not consider itself as a startup because of the experience of its team members. The founders have extensive knowledge of this global industry.

Aleš Žižmund (CEO) has an MBA and more than 20 years of experience in business and IT development. He has worked in large companies such as IBM, Microsoft, Cisco and Oracle and has solid experience as a director, executive director or CEO.

Tali Rezun (Founder), has been an entrepreneur for 22 years and was for 7 years the CEO of Naton HR. He has just completed a Ph.D. in business specializing in online branding, SEO and social media marketing.

Dusan Lazar (Co-Founder and COO), has more than 25 years of experience in various fields and different positions as CEO, CFO or COO. A seasoned entrepreneur, he has created, directed and advised numerous startups. He is the founder of Naton HR and WS, one of the largest HR agencies in Europe.

Roman Dobrina (Co-Founder and CFO) has many years of experience as a manager or CFO with six years experience as a CFO at Naton HR.

Jaka Gornik (Co-Founder and CMO), has more than 25 years of experience. He first started his professional life in marketing before becoming an out-of-the-box solution manager for many international companies. He decided to bring his marketing skills to the blockchain business development department.

The rest of the team is made up of programming specialists, some of them in Blockchain and smarts contracts, technical experts, designers, ...

Advisors, the profiles are very varied which constitutes a solid team. There are Blockchain specialists, entrepreneurs, marketers and investment funders.

Note that to ensure the legal basis of the projects, 4th PILLAR has partnered with Jadek & Pensa, a law firm specialized in DLT technology.

4. A long term roadmap

The roadmap of the project is very interesting because it's a long-term roadmap (until 2021) which is quite rare in the world of Crypto.

FOURdx (document exchange protocol) will be the first service launched by the end of 2018. The first users will follow and in Q1 2019, a mobile application to use the service will be deployed.

The rest of the roadmap is set to evolve but will see regular product launches as well as the improvement of solutions already online.

5. Serious partners and beta version

The project has already several established partnerships such as the one with Microsoft Partner, ZZI or Work Service, one of the largest human resources companies in the EU.

In addition, 4th PILLAR already has a beta version available. You can test FOURdx service.