5ire combines Blockchain and Sustainability. It focuses toward the service of humanity and is part of the 5th Industrial Revolution. The ecosystem is different from other blockchains and has unique solutions. Read on to find out more about 5ire and our partnership!
Partnership with 5ireAfter having met the 5ire team personally, and having talked to them multiple times, we got convinced of the solutions that 5ire brings to the world. The for-benefit economy is really promising and is unique when compared to other blockchains and platforms. This blockchain has a strong team with a lot of experience in Blockchain, as well as big advisors and investors.
All in all, we are proud to have partnered up with 5ire! Below, we’ll share some more information about this for-benefit blockchain and the way it works.
How does 5ire work?5ire is unique in its kind: their primary goal is to create an ecosystem that is user-centric with a focus on sustainability. The ‘5ireChain’ is a Nominated Proof Of Stake blockchain that brings a shift from for-profit to for-benefit by leveraging the true power of blockchain. This platform combines Proof of Stake with Proof of Benefit and Proof of Donation, and is the world’s first for-benefit blockchain.
Briefly, the platform wants to:
- Shift the focus to a for-benefit model
- Strongly incentivize practices that align with the Sustainable Development Goals (SDGs) of the United Nations (UN)
- Facilitate the transitioning from the fourth (4IR) to the fifth Industrial Revolution (5IR).
- Accelerate the implementation of the UN 2030 Agenda for Sustainable Development.
Problem & SolutionThe 5ire team has identified problems both in and out of the blockchain space. This includes issues like the rising climatic conditions and damage to the environment, as well as an unsustainable blockchain space, the focus (in Blockchain innovation) on financial applications and the concern that profits & purpose don’t co-exist.
5ireChain aims to fix this by offering the following solutions:
✓ Being the first ecosystem to really address & tackle blockchain sustainability at its core.
✓ Making sure teams can build solutions for a sustainable and decentralized future.
✓ Aiming to become an ecosystem that focuses on positive impact.
✓ Inviting both individuals and projects to the 5ireChain to adopt this vision.
Additionally, the platform beats competition in various ways: offering stronger security guarantee, faster transaction speed, easier upgradeability, better governance & democracy and more decentralization.
With this article, we have given you more insight into both our partnership with 5ire and what 5ire is all about. This platform is really promising and has a unique look at things, especially within the blockchain & cryptocurrency space.
The 5ire ecosystem is in development, and we can expect exciting things like the Mainnet Launch, big partnerships, important ecosystem features (such as Staking and Burn-Drop) and the 5IRE Metaverse launch. We are looking forward to 5ire’s development and are happy to be strategic partners!