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Blockchain technology proposes the ideal foundation to simplify digital value-holding file and documents exchange. To address this issue in 2017, 4thpillar technologies (i.e. 4thtech), proposed and later developed a safe, fast cross DLT blockchain-based solution, which leverages trust provided by the blockchain and provides secure, immutable, instant cross-border electronic data and document exchange. To provide an option for blockchain address ownership verification, the identification mechanism later was constructed in 2018, which can authenticate verified connection between a blockchain wallet and a person. Notarisation is also an essential part of the 4thtech eDelivery ecosystem and provides unique digital data or document timestamp and authenticity verification.
We are not a start-up, but an expert team of 16+ people. With over two decades of international business experience, we are a reliable partner and a trusted advisor. To realize the company vision we employ programming specialists and a strong expert support team.
According to many, there are three fundamental technology developments in human history; (1) the invention of electricity; (2) the invention of the microprocessor, and; (3) the invention of the internet. We are certain, that the invention of blockchain technology is the fourth fundamental technology pillar, which revolutionary applications will yet to be revealed to the world.
According to the article Regulating emerging technology | Deloitte Insights, n.d.), regulatory leaders are faced with a key challenge: how to best protect citizens, ensure fair markets, and enforce regulations, while allowing new technologies and businesses to flourish? In this time, companies and organisations are already using different centralised systems for exchanging and storing sensitive personal electronic documentation within the organisation as well as between the organisation and individuals. As the use of blockchain technology will start to emerge, so will the need for a legal framework. The European Commission is currently working on the legal framework for smart contracts enforceability, along with solving the question of issuing and trading tokens (i.e. crypto assets), when they are not considered as financial instruments. (Blockchain Technologies | Shaping Europe’s digital future, n.d.)
Read about real people on a fin-tech journey of innovation, discover 4thpillar technologies and its team of experts, their commitment, dedication towards making a change. Explore 4thpillar technologies Medium blog.
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Development & IP
4THTECH Consortium, PIC: 894719562/Open tenders: 2020 CEF Telecom Call – eDelivery (CEF-TC-2020-1)
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