The LinkedIn of the blockchain world, 4th Pillar seeks to disrupt the way that human resource information is handled and used within industry and commerce. One of the tried and true complaints of human resource departments is an intense lack of separation from the departments, and the day-to-day operations which they are tasked with watching over. For while both corporate atmospheres and the blockchain are typically autonomous, calculated operations – 4th Pillar seeks to focus on a distinctly human element. For, many of us fail to look beyond the technology and bureaucracy to see that the true strength of large-scale enterprise comes from working together.
What blockchain does is unilaterally remove the need for middlemen. With direct peer-to-peer transactions and information sharing, the multi-tiered systems which we are used to are made largely redundant. Thus, it seems that the technology is prime for revolutionizing nearly any industry. Human resources is no exception. Rather than being stuffed into some back office, unreachable and unnoticed by the common worker, 4th Pillar utilizes the ever-present ubiquity of the online space to create a toolkit for workers and recruiters. It utilizes a multi-pronged approach to create an ecosystem – that is a range of closely-related services for corporate relations. They offer a platform for sharing persona data and work history in a self-tailored platform much like LinkedIn, but grown on the immutable, untaintable purity of blockchain technology. Unlike other tools, which favor companies and job-seekers with expendable capital in order to “push” their applications, 4th Pillar requires no such lack of trust.
While certain platforms offer blockchain-based identity verification, few offer a cloistered and easily marketable range of services. In addition to the identity aspects, it also offers cold storage for participants to build a cryptocurrency retirement and savings fund. It also allows the easy sharing of authorized, private work-relevant documentation, such as resumes, certifications, degrees, etc. This solves an issue which plagues many employers – application fraud. As the documentation and work history live eternally on an immutable, traceable blockchain, such forgeries can easily follow an applicant, and act as a powerful deterrent against lying about their work history and skills. Similar to how both Uber drivers and passengers have a persistent rating which tracks their performance, it is possible to build a well-vetted, but customized record of a worker’s performance and work history - all while building their future potential. All without employer-specific funds, special payment plans, or complicated stock-savings arrangements.
Moreover, 4th Pillar has a working beta, which allows prospective users to get their feet wet using the platform, and to become comfortable with the future of human resources. By making the experience more immediate, accessible, it removes the unnecessary baggage that keeps many departments from realizing their potential. After all, it’s in the name. Human resources are designed to aid the most important resource in the age of industry – human capital. For all the might and majesty of corporate giants like Google and Apple, each is only as strong as its most vulnerable professional. From janitors to CEOs, 4th Pillar is there to be the champion for the beating heart of what makes us great –each other.
Watch 4th Pillar on Ivan on Tech
