The 4th Pillar has already impressed early traders with its distinctive and eco-friendly enterprise options. Maybe one in every of its most spectacular options, nonetheless, is its IPFS-based delicate doc distribution system alongside a brand new registered mail postal service.
Defending Delicate Paperwork
The 4th Pillar is a human useful resource (HR) and finance platform for each people and organizations, with a extremely skilled staff working the present. It’s based mostly on the Ethereum blockchain and makes use of sensible contracts, wallets and an IPFS protocol to unravel on a regular basis issues skilled by each job seekers and potential employers. As an additional advantage, The 4th Pillar helps shield the setting by drastically lowering using paper and reduce collaborating corporations’ carbon footprints.
The 4th Pillar presents three main improvements by using blockchain know-how. Along with a safe database of potential staff with verified work histories and a pockets system able to sending a number of funds from a company to people, the undertaking options an IPFS-based delicate doc distribution system alongside a brand new registered mail postal service.
Non-public doc distribution is without doubt one of the largest points dealing with organizations and companies of all sizes. With employment contracts, payroll slips, work annexes, CVs, medical stories, efficiency stories, and work histories all primarily recorded on paper and delivered by way of closed envelope, safety breaches are widespread — to not point out the unfavourable environmental influence from the manufacturing of a lot paper.
The 4th Pillar makes use of blockchain know-how and an interplanetary file system (IPFS) in an effort to present a streamlined and easy platform for the secure storage of invaluable paperwork, whereas additionally permitting for the direct transaction of mentioned paperwork from employer to worker — with out the necessity for a intermediary. Such a system permits people to retain full management over their skilled paperwork.
The beta model of this doc transacting system is at the moment scheduled for launch in September 2018, whereas the staff works on a brand new 4th Pillar Add-On that includes a brand new and improved code. Moreover, doc switch might be backed by sensible contracts — making certain most safety and transparency.
An Instance Use Case
So how does it work in the actual world? Right here’s an instance.
Let’s say that Jane has labored as an account government for 12 years. Lately, her employer has determined to make the most of The 4th Pillar’s platform, which implies that Jane now receives all of her payslips and work-related documentation in her personal, personalised digital pockets.
Such a system advantages each Jane and her employer because it cuts down on each prices and paper utilization whereas letting Jane maintain full management of her necessary and delicate paperwork in a single non-public location.