The so-called 4th pillar is a blockchain identity workbook that places individuals in control of their professional identity. Here, too, each individual can store the four tokens they get. Some things related to the verifiable and non-discriminatory evaluation of professional identity are automatic, based on measurable data that can be imported, making recruitment easier and more transparent will be provided by this system.
Development Phase
Furthermore, in terms of business development, the 4th pillar is here through several phases or parts of business development time. This is in accordance with what is stated on the roadmap. As for more information, please refer to the following reviews.
Stage 1: Concept Of Development
This one stage begins in 2017 where the activity is doing still in the realm of the concept of development. While there are some things that are dedicated in the year 2017, namely for business 4th Pilar, legal research and tax.
Stage 2: TGE And Contribution
With the aim of increasing the contribution to expanding the 4th Pillar project, in this case, the role of crowdfunding is needed. And every detail of the operation has been budgeted well and clearly. This is supported by our own customs towards transparent and clear budget allocations. As for the details of budgeting will be examined further in the business plan.
Stage 3: Platform Development
In platform development, there are several key systems to be developed. The first key system is the 4th Pillar DAPP. the second key system is the Smart 4th Pillar Contract. Next, for the third key system here are four token teleportation services. And the last one is IPFS that distributes the web with peer-to-peer hypermedia protocol integration.
Stage 4: Employment
In order to realize the implementation of the 4th pillar, there will be a need for new organizations. This organization will deal with some related issues such as development, implementation, sales and support issues. Furthermore, there will be a recruitment of a sales director with the aim of applying full transparency to the business.
Stage 5: Se Europe
In the fifth phase, we will expand the existing operating area. So far we can say that we have successfully conducted operations in Southeast Asia. Therefore, the time has come to expand further and expand into another continent. While the current target is none other than all of Europe. While the target will be entered here there are several regions with a list of regions ranging from Slovenia, Croatia, Serbia, Macedonia, to Bulgaria.
Stage 6: Europe
After seeing the successful operation in Southeast Asia and has penetrated into several regions in Europe, it is time to start again to build a new place. So, in this phase, the transfer to Europe as well as adoption on a wide scale will begin. This will certainly be supported by the fourth and most fully
customized Pillar platform.
European marketing campaigns must be made to achieve those goals. In addition, additional Sales Representatives must also be employed. Furthermore, additional sales and support teams will be established and new offices must be opened to achieve full European coverage.
Anti-Money Laundering Policy
The importance of preventing money laundering and terrorist financing has been recognized by the 4th pillar. The 4th Pillar is also committed to the highest standards of Anti Money Laundering and Fighting Terrorist Funding ('AML / CTF').
4th pillar ltd. this is subject to applicable laws designed to prevent AML / CTF. 4th Pillar ltd. also sets out internal policies and procedures to fulfil this commitment. In addition, there is still a lot of important information related to Anti-Money Laundering policy on the 4th pillar ltd. which you can find in the following reviews.
Customer Due Diligence
The customer's satisfactory testing procedure will be applied by the 4th pillar in order to prevent AML / CTF. in addition to doing the identification of customers, and identity verification. This identity verification is also done by using the Know your customer principles.
In this case, the principle contains two things. The first is Verification Checking or documentation provided by the customer. And the second is customer information from a reliable and independent source. During this due diligence process, customer involvement and unusual activity from customers should be reported immediately. Reporting is done on MLRO or Deputy MLRO, the money laundering officer in the appointment or his deputy.
Risk-Based Approach
Speaking about involvement in money laundering activities as well as terrorist financing 4th Pillar ltd. this depends on the type of business of each customer. In addition, depending also on the domicile or in the country where they live. 4th pillar ltd.
Will continue to classify its customers based on the level of risk during business processes and procedures. This risk management will be effectively assisted by identifying potential risks. In addition, the control will also always be on the spot to reduce the risk identified if there is a risk exists.
High-Risk Customer
In its business process, 4th pilar ltd. have the exception of the object, in those who have a high risk. Among these high-risk customers are as those who are on the list of official sanctions, or those who refuse to show some documentation for some reason.
Furthermore, based on various information obtained, including also in this case the individuals who have the possibility of involvement with criminal acts. Included also in this individual who with his business which activities of the business cannot be verified properly. And the last one that includes high-risk customers here is an entity whose shareholder structure cannot be found.
Recording
Delivery of customer documentation can be done by nature electronic or physical form. Then the documentation will be kept until the cooperation is still ongoing. So, at least the minimum time is for 5 years. but the time period laid down by law shall be deemed to comply with the local law if cooperation is exercised in countries where this period exceeds the specified period of time.
Trademark
For the recognition, of course, the trademark of the 4th pillar is already registered. The data is under number 017683285 with EUIPO - the EU Intellectual Property Office.
Thanks and happy reading.