5irechain is a fifth-generation blockchain with a mission to bring about a shift from a for-profit to a for-benefit economy. It’s main goal is to create a user-centric sustainability-driven ecosystem. This is achieved by embedding sustainability in the consensus mechanism architecture. It’s transparent on-chain governance mechanisms allow everyone to democratically participate in the network and propose changes.
The project is will be a blockchain solution for the 5th industrial revolution, where decentralized organizations are empowered and incentivized towards accelerating the implementation of the United Nations 2030 Agenda for Sustainable Development. It has been founded by Pratik Gauri, Prateek Dwivedi and Vilma Mattila.
The key features of 5ire are:
– Security: innovative technology based on Nominated Proof-Of-Stake
– Scalability: high transactional throughput combined with lightweight blocks and data stored offchain in proprietary oracles
– Interoperability: cross-blockchain transfers of any type of data through bridges
The project is going to launch in Q2 2022. It has a strong support network of both crypto entities and “traditional martket” financial advisors.