Research summary

5ire

5ire is a layer 1 blockchain ecosystem designed with economic and environmental sustainability at its core. It want to help accelerate the United Nations 2030 Agenda for Sustainable Development. Named one of India’s fastest-growing unicorns, enabled by a community with people from all over the world.

Project summary

5ireChain is a tier 1 high-performance distributed computing platform with lavish runtime functionalities oriented towards sustainability at the consensus level. 5ireChain intends to be the leading blockchain ecosystem to solve sustainability issues with its core technology, “Proof of 5ire”, which integrates sustainability & social impact at the consensus mechanism level by economically rewarding companies for their sustainable practices. They aim to make blockchain accessible for 1 billion+ people by. 5ire aims to become a blockchain ecosystem for the 5th industrial revolution, where self-sovereign decentralized organizations are empowered & incentivized toward accelerating the implementation of the United Nations 2030 Agenda for Sustainable Development.

Tokenomics

Team

  • Patrik Gauri
    Founder and Chief Executive Officer. He has founded 8 companies prior to founding 5ire. Patrik was named Creative Entrepreneur of the year - Startup. Also, he has been recognised as Entrepreneur 35 Under 35, BusinessWorld 40 Under 40, TIMES 40 Under 40, ET Now Leaders of Tomorrow, Greenbiz Global 30 Under 30, AsiaOne 40 Under 40 Most Influential Leaders, World Economic Forum Global Innovator and Shaper, Ambassador at One Young World, Al Gore’s Climate Leader, Winner of UNLEASH 2019 and Asia’s top 50 Voices by Earth Day Network.
  • Vilma Mattila
    Co-founder & Head of 5ire Capital. Speaker in the biggest tech and humanitary conferences
  • Prateek Dwivedi
    Co-Founder & Chief Product Officer. Prateek has been nominated for his work for this year's Golden Excellence Award. Also, he has been featured in 45under45 by India Global Forum
  • Lukasz Orlowski
    Chief Technology Officer. MIT Technology Review Innovators Under 35. He has 10+ years of experience in software architecture and development. In-depth experience with cloud, HPC in the cloud and large-scale HPC systems
  • Utkarsh Amitabh
    Chief Marketing Officer. He is the CEO at Network capital. Writer in Harvard Business Review, worked at Microsoft as Director of Business Development and selected among the top 50 young leaders from across the world to represent the Global Shaper community at the Annual World Economic Forum Meeting in Davos.
  • Bibin Babu
    Chief Growth Officer. Bibin is a blockchain technology evangelist and has been building products & solutions for governments, businesses and Institutions. He also has been advising and consulting Governments & PSUs in building systems, products and policies. He is a serial entrepreneur and early-stage investor.

Investors & partners

5ire has fundraised $121M. Last round was a Serie A lead by UK-based conglomerate SRAM & MRAM.

Other investors: Alphabit, Marshland Capital, Launchpool Labs, Moonrock Capital...

Advisors: Lori Hotz (Co-founder, Lobus), Richard Swart (Ex-Director, UC Berkeley), Pialy Aditya (Chief Strategic Officer & Board Member, República), David A. Cohen (Co-Founder, Taekion), Dr. Anurag Batra (Chariman, BW Businessworld)...

CATEGORY

Infrastructure

USE CASES

Assets
Allows anyone to create their own blockchain assets.

Atomic swap
Allow anyone to swap value within 5ireChain and its supported ecosystems.

Multisiganture
Allows multi-custodial account creation.

5ire USPs

  • Transaction Pools: 5ireChain addresses scalability with multiple transaction pools.
  • Proof of 5ire: The world's first governance-based rewards distribution process that incentivizes network actors based on their commitment to the 17 UN sustainable goals.
  • Phone number or email wallet addresses: Users will be able to send transactions on 5ireChain using a receiver's phone number or email as identification.

Homomorphic Encryption
It allows users to keep their personal and financial information private on 5ireChain while enabling validating nodes to perform operations on the encrypted data

Hardware Root of Trust
5ireChain uses TPM chips on nodes to ensure that nodes are not running malicious code or activities

SOCIAL STATS

TW: 392k Followers

IG: 41.8k Members

IMPORTANT DATES

Mainnet launch: Q3 2023