5ire is a blockchain based on the NPoS (Nominated Proof of Rights) consensus mechanism with "Proof of 5ire" as the core technology.

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

Although most public chains are launched to solve the problem of Ethereum’s expensiveness and scalability, and to accept the spillover traffic from Ethereum, there are also innovators who hope to build a more practical and imaginative way through the use of brand-new narrative logic. Broad blockchain. This is the case with 5ire. Unlike other public chains that are committed to the development of decentralized finance, 5ireChain has achieved the transition from for-benefit economy to for-benefit economy by establishing the first blockchain-based profit ecosystem. The paradigm shift of benefit economy.

Understand 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 United Nations' Sustainable Development Goals 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 Rights) consensus mechanism with "Proof of 5ire" as the 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/ Rich functions such as VR, smart sensors, and incentive AI SDG analysis to build a user-based decentralized blockchain ecosystem.

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

According to a recent study, by 2050, in the process of rapid urbanization in the world, seven out of ten humans will live in cities. The rapid growth of urban population will put tremendous pressure on urban governance, so the construction of a "smart city" has gradually been put on the agenda. With the increase of urban population, it also means that cities will need more jobs, and there will be more consumers, and governance will be difficult.

Historically, the large increase in urban centers has led to the emergence of social problems. Just like in medieval Europe, the drainage system could not keep up with the population growth, which caused the streets of European cities to become filthy. In addition to the problem of "pollution", problems such as "waste", "congestion", "involution" and "poverty" will also become obstacles to urban governance. This is why people call 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, hoping to help the sustainable development of world urbanization by building a decentralized ecosystem, maintain technological innovation, to welcome the arrival of the fifth industrial revolution, and complete sustainable development and carbon neutrality. Target.

5ire's goal: sustainable ecosystem and mass adoption of blockchain

The main goal of 5irechain is to create a user-centered sustainable development ecosystem, and realize the expansion of the ecosystem by embedding sustainability in the basic layer of the network and democratically controlling the upper-level decision-making of the network.

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

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

In the blockchain industry, everyone is committed to making more profits, which is also 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 values ​​are expanding the influence and imagination of the crypto market, no one cares about human development. Therefore, outsiders often hold negative views on the crypto market.

The main challenge for large-scale blockchain adoption, especially the challenges faced by small and medium-sized enterprises and individuals for blockchain adoption, stems from their negative impressions of the encryption market and their ignorance of encryption technology-many people think that blockchain and Like cryptocurrency, it is just a tool for speculation. The launch of 5ire hopes to change this situation and conduct extensive blockchain education to promote the large-scale 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 obstacles to blockchain adoption. 5ire has realized the seamless integration of blockchain technology by providing cloud-based technology. This will solve some doubts about the adoption of blockchain technology in traditional industries. A low-cost, safe and scalable solution will dispel these doubts and help the adoption of blockchain technology to achieve substantial growth.

5ire's progress: working with Huawei to promote mass adoption of blockchain technology

At present, 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. In addition, 5ire’s other strategic partners 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 Jan Strandberg, founder of Yield. app.

At the same time, 5ire has joined the Huawei Cloud x Morpheus Labs Launchpad to promote the large-scale adoption of blockchain in all possible areas by governments, companies and enterprises. Huawei will promote the sustainable growth of 5ire and the large-scale adoption of blockchain technology through its innovative marketing strategies and Internet influence. Morpheus Labs will provide a solid end-to-end development environment for the adoption of blockchain for seamless integration with Huawei's infrastructure.

It is foreseeable that the cooperation with Huawei Cloud x Morpheus Labs Launchpad will promote the adoption of blockchain to a higher level and help 5ire attract more users to participate.

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

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

The 5ire team is composed of a group of passionate individuals. Co-founder and CEO Pratik Gauri is a serial entrepreneur, investor, speaker and writer. Co-founder and Chief Marketing Officer Prateek Dwivedi is a blockchain enthusiast, investor and senior 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 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 completely change the economic system in the near future, achieving the need for extremely high transparency and economic efficiency, and matching the goals of a sustainable world. "