5ire: How does the adoption of blockchain promote sustainable human development?

The public chain track has entered the era of multi-chain development.

Although most of the public chains are launched to solve the expensive and scalable problems of Ethereum, and to undertake the spillover traffic from Ethereum, there are also innovators who hope to build a more practical and imaginative chain by using a new narrative logic. Broad blockchain. This is the case with 5ire. Unlike other public chains dedicated to the development of decentralized finance, 5ireChain realizes the transition from a for-benefit economy to a welfare economy (for- benefit economy) paradigm shift.

Learn about 5ire: a user-based decentralized blockchain ecosystem

With the development of human society, "sustainable development" has become one of the most important narrative logics in the world. Including the sustainable development goals of the United Nations and China's carbon peak and carbon neutral plan, they are all committed to the sustainable development of all mankind. 5ire's vision coincides with it.

5ire is a blockchain based on the NPoS (Nominated Proof of Stake) consensus mechanism with "Proof of 5ire" as its core technology. As a first-level high-performance distributed computing platform, 5ire will implement protocol-level SDG oracles, cross-chain interoperability, Metaverse, WebAssembly and EVM smart contracts, real-time economic data collection, IoT telemetry, AR/ VR, smart sensors and incentive AI SDG analysis and other rich functions to build a user-based decentralized blockchain ecosystem.

The background to the development of 5ire: the lack of sustainability under rapid urbanization

According to a recent study, by 2050, the world is rapidly urbanizing, with seven out of ten humans living in cities. The rapid growth of urban population will put enormous pressure on urban governance, so the construction of "smart cities" has gradually been put on the agenda. With the increase of the urban population, it also means that the city will need more jobs, and there will be more consumer population, making governance difficult.

Historically, the proliferation of urban centers has led to social problems. Just like in medieval Europe, drainage systems could not keep up with population growth, resulting in the streets of European cities becoming filthy. In addition to "pollution", issues such as "waste", "congestion", "involution" and "poverty" will also become obstacles to urban governance. This is why people are calling for the use of technologies such as the Internet of Things, blockchain, and edge computing to quickly build cities into smart cities.

5ire was born from this, hoping to help the sustainable development of the world's urbanization by building a decentralized ecosystem, maintaining technological innovation, so as to welcome the arrival of the fifth industrial revolution, and complete the goal of sustainable development and carbon neutrality. Target.

5ire's Goal: Sustainable Ecosystem and Blockchain Mass Adoption

The main goal of 5irechain is to create a user-centric sustainable ecosystem and to achieve the expansion of the ecosystem by embedding sustainability in the base layer of the network and in the decision-making of the upper layer that democratically controls the network.

In this regard, Pratik Gauri, co-founder and CEO of 5ireChain said: "5ireChain has the potential to leverage blockchain technology and solve sustainability challenges to build a potentially huge and transformative ecosystem for society, economy and environment. "

In addition to the realization in the field of "sustainable development", the launch and development of 5ire also hopes to change people's negative views on the encryption industry.

In the blockchain industry, everyone is working on making more profits, which is one of the driving forces for the crypto market to rise. Although the emergence of a large number of new projects and the growth of a large number of market value are expanding the influence and imagination of the encryption market, no one cares about the development of human beings. As a result, outsiders tend to hold a negative view of the crypto market.

The main challenge to the large-scale adoption of blockchain, especially for SMEs and individuals, stems from their negative impression of the encryption market and their ignorance of encryption technology-many people think that blockchain and Like cryptocurrencies, they are just a tool for speculation. The launch of 5ire hopes to change this situation and conduct extensive blockchain education to promote the mass adoption of blockchain technology.

In addition, the launch of 5ire hopes to reduce the cost and complexity of integrating blockchain into existing systems. The complexity and cost associated with deploying blockchain solutions in different industries are also some of the barriers to blockchain adoption. 5ire has achieved seamless integration of blockchain technology by providing cloud-based technology. This will address some of the doubts traditional industries have had about adopting blockchain technology, and low-cost, secure, and scalable solutions will dispel these doubts and help blockchain technology adoption grow substantially.

5ire's Progress: Partnering with Huawei to Drive Mass Adoption of Blockchain Technology

Currently, 5ire has completed $10 million in private financing with its technology stack and vision.

Launchpool, Alphabit Fund, Marshland Capital, Oracle Investments Group, Brotherhood Capital, Moonrock Capital, Fairum Ventures, Titans Ventures, Magnus Capital, and Coach K oversubscribed 5ire financing private placement round. And, other strategic partners of 5ire also participated, including Moonboots Capital, CSP DAO, Black Dragon, Avalon Wealth Club, X21 Ventures, BSClaunch, Sky Ventures, DCI Capital, and some high-net-worth individuals, such as Republic.co CSO Pialy Aditya and Yield. app founder Jan Strandberg.

Meanwhile, 5ire has joined the HUAWEI CLOUD x Morpheus Labs Launchpad to promote the mass adoption of blockchain by governments, corporations, and enterprises in all possible fields. Huawei will drive 5ire's sustainable growth and mass adoption of blockchain technology through its novel marketing strategies and Internet influence. Morpheus Labs will provide a solid end-to-end development environment for blockchain adoption through seamless integration with Huawei infrastructure.

It is foreseeable that the cooperation with Huawei Cloud x Morpheus Labs Launchpad will push the adoption of blockchain to the next level and help 5ire attract more user participation.

In this regard, Pratik Gauri, co-founder and CEO of 5ireChain said: "The Asian market is huge for the adoption of blockchain, and our cooperation aims to promote the widespread adoption of blockchain, not only in India, but also in India." All other developing countries. Partnering with Huawei provides scalable and reliable cloud infrastructure for 5ire's growth."

5ire team: composed of global influential individuals and blockchain pioneers

The 5ire team is made up of a group of passionate individuals. Co-Founder and CEO Pratik Gauri is a serial entrepreneur, investor, speaker and author. Co-founder and Chief Marketing Officer Prateek Dwivedi is a blockchain enthusiast, investor and veteran Internet marketing expert. At the same time, he also participated in the incubation of many start-up companies. Co-founder and Chief Brand Officer Vilma Mattila is a venture capitalist and futurist who has participated in the incubation of 40+ projects such as Qtum, Tron, and Aleph Zero.

Regarding the future development of 5ireChain, co-founder and chief marketing officer Prateek Dwivedi believes: "5ireChain is destined to revolutionize the economic system in the near future, realizing the necessity of extremely high transparency and economic efficiency, matching the goal of a sustainable world. "