The world moves at the speed of business. Communication networks allow deals to be struck and signed at an accelerated pace. One of the systems that will enable this to take place is the ability to send documents digitally. 4thtech has been steadily making progress on its eDelivery system in 2020, a system that will see even more updates moving into the latter part of the year.
Improving Existing Infrastructure
The eDelivery protocol allows users to share and send official documents securely. The system acts as a trusted platform between two parties. It is similar to Docusign in this respect, in that documents can be shared and sent securely. eDelivery has been implemented across the EU, handling contracts, agreements and nearly any situation that requires a notary.
4thtech’s proposal updates the existing eDelivery system and implements a blockchain layer. Created in 2017, 4thpillar technologies Whitepaper is in a constant state of evolution.
Blockchain Compatibility
One of the most recent announcements has been eDelivery’s multi-chain functionality. Secure electronic file and document exchange is already available on both Ethereum and the SIChain blockchains. Wallets and private keys are utilized to verify the integrity of data, ensuring document integrity.
National Spotlight
This project is already endorsed by the UN/CEFACT, as evidenced by the recent video on Youtube. The online conference was hosted by Nena Dokuzov, Project lead of UN/CEFACT Chain project, and the UN/CEFACT Head of Delegation for Slovenia.
Furthermore, at the end of last year, Slovenia became the first Member State of the EU to establish a blockchain test infrastructure. The infrastructure is similar to China’s national blockchain initiative. China is quickly becoming a world leader in the development of blockchain, though Western news sources seem to miss this. Slovenia is a close second behind China, specifically with SIChain.
Token Trading is Live
As of this week, the FOUR token is live on the Coin Tiger exchange. These are utility tokens and used to power the eDelivery system. It is currently paired against USDT and doing six figures of volume daily. The exchange has been around since 2017 and boasts 3.5 million active users.
The Future
The team is still moving full steam ahead. The rest of 2020 will see several planned releases and updates. These include additional open-source resources for eDelievery, infrastructure checks, and publishing a 4thtech wiki. 2021 will be another hectic year as the team works towards solution design, cross-platform compatibility, and adoption.
Carlos Park
The Daily Chain
*FOUR our are Media Partners and this content has been created in collaboration with them. The Daily Chain encourages you to carry out your own research before you make any form of investment and educate yourself about how to stay safe in the crypto space.
