5ire Group sparks the fifth industrial revolution in Tulum

July 23, 2024
Today´s Paper

5ire Group sparks the fifth industrial revolution in Tulum

5ire Group sparks the fifth industrial revolution in Tulum

5ire Group sparks the fifth industrial revolution in Tulum

The current economic reality is moving towards the adoption of technologies that favor increasingly profitable models for companies. However, one of the main paradigms that must be resolved if we look to the future is the issue of sustainability, as there are more and more demands that must be met in view of a socially and environmentally responsible future.

For emerging leaders like Pratik Gauri, CEO of5ire.org, the way forward is to create a business environment that manages to generate profits while generating benefits for the world, or as his own motto would say, “the better you do, the more money you want.”

“Since I was 16 years old, I have created 8 companies under the parameters of the United Nations “Sustainable Development Goals” program, all related to technology on topics such as health, climate, education, etc. The goal is to prove my point that more wealth can be generated under these parameters than with the old paradigms that exclusively maximize economic benefits”, explains Gauri.

Pratik’s idea was to create a company that would symbolize a change in thinking and a transformation from the fourth to the fifth industrial revolution towards an economy focused on the benefit of the whole, instead of just generating profit.

Pratik’s path to a fifth industrial revolution

5ire Group sparks the fifth industrial revolution in Tulum

Today, one of the technologies that looks towards the economic future through innovation is blockchain. Pratik’s bet is that on the technological basis of blockchain, which contains an incentive mechanism to generate sustainable practices.

To this end, the company developed a scoring system that seeks to impact millions of people by 2030 through a sustainable layer 1 ecosystem in blockchain technology.

“Today we are the first blockchain development in the world focused on sustainability, and when I talk about sustainability or a sustainable ecosystem, I mean that we have integrated ESG (Environmental, Social and Corporate Governance) practices as criteria,” he explains.

That is, they have been integrated into a scoring mechanism within the same consensus mechanism that uses blockchain practices. For example, if the energy you use comes from a clean source, you will get money for it, the benefit increases the more sustainable your practices are. What this movement is trying to combine is the use of technology (blockchain, artificial intelligence, etc.) with sustainability in corporate and government practices.

5ire’s mission is to build the ecosystem where all of this exchange and incentives can occur. The company sees itself as the provider of the technology that makes this possible.

5ire Group sparks the fifth industrial revolution in Tulum
Schematic of the 5th industrial revolution from 5ire.org.

For now, 5ire’s technology is in the testing stage and has resolved more than one million transactions without failures in just one week of trial launch. For its next stage, the goal is for both individuals and businesses to adopt the technology, for which they are currently in the process of scaling partnerships.

5ire.org launched their testnet in February and in 1 month they had over a million people building on their infrastructure. Not only have they created a revolutionary technology, but they have also built a global community of partner organizations, city ambassadors and developer networks to drive large-scale adoption.

“Along with this, we put all our efforts into training and supporting the next generation of engineers and developers. We want 5ire to become a community product and for this we have partnered with India’s Federal Center for Technology Transformation “NITI AAYOG”, as well as our recent agreement with Abu Dhabi University to build an educational legacy of the technologies we are developing,” says Gauri.

The challenge of transitioning to a sustainable economy remains great, however, the search for new generations of leadership points to a techno-optimistic future that proposes a path where companies can be profitable while giving something back to the common good.

It is a more sustainable approach to capitalism. To achieve his vision, Pratik Gauri, along with a high-performance team, travels the planet in search of this new reality, leaving an open door of opportunity for a new humanity that awakens even more with the advent of technology.

Why in Tulum?

Tulum was the Mayan land crossed by the 5ire.com group to develop what they certainly admit as the fifth industrial revolution, impacting a billion people in the world by 2030.

They will be presenting in the business market of disruption, innovation and technology at the TULUM CRYPTO FEST, temple of new trends, May 4-7 at the sanctuary of the moon behind CERVEZA TULUM and XIELTUN Parque maya.

5ire Group sparks the fifth industrial revolution in Tulum

In its second edition, TCF invites 5ire technology to lead the hackathon of the moment and the WHALE TANK where Pratik will award prizes in the form of cash, tokens and technology mentoring to the winners with its mission to support and incubate new technological talent.

Sustainability Meets Blockchain: How 5ire is Changing the Game

5ire, a fifth generation level 1 blockchain network and the world’s first and only sustainable blockchain, today announced that it has raised $100 million in Series A funding from UK-based conglomerate SRAM & MRAM. This investment makes 5ire the fastest growing blockchain unicorn in India and the only sustainable blockchain unicorn in the world, valued at $1.5 billion. 5ire was founded by Indian-origin entrepreneurs, Pratik Gauri and Prateek Dwivedi, along with web3 financier Vilma Mattila, in August 2021.

The funds raised will be used for business expansion and extending 5ire’s footprint across three continents including Asia, North America and Europe, with India as the hub of operations and core area of focus. 5ire will continue to invest in strengthening its blockchain further and work towards ensuring this decentralised technology benefits a larger base globally. Additionally, 5ire aims to hire the best talent in the industry across functions like product, engineering, marketing etc.

5ire Group sparks the fifth industrial revolution in Tulum
Prateek Dwivedi

5ire had earlier raised a funding of $21 million in its seed round at a valuation of $110 million with participation from both private and institutional investors like Alphabit, Marshland Capital, Launchpool Labs, Moonrock Capital, and amongst many other investors.

Speaking on the occasion, Dr Sailesh Lachu Hiranandani, Chairman of the SRAM & MRAM group, said, “We have great confidence in moving forward with investments in sustainable technologies. As a scientist, I have always believed in finding better ways to do things, and 5ire is committed to finding solutions for the 17 UN Sustainability Development Goals. We are assured in the abilities of the leadership team at 5ire and wish them all the very best.”

Unlocking the Potential of Sustainable Blockchain

Pratik Gauri, CEO and Founder of 5ire said, “We are on a mission to embed sustainability into blockchain and shift the current paradigm from ‘for-profit’ to ‘for-benefit’. The 5ire team has worked round-the-clock to develop a platform that combines both technology and processes for the benefit of humankind. Becoming the world’s first and only sustainable unicorn born out of India, in just 11 months, is testimony that we are on the right path. We are humbled by the trust shown in 5ire by the SRAM & MRAM group and thrilled to find a partner who also wants to promote the transition of the world from the 4th Industrial Revolution to the 5th Industrial Revolution.”

5ire Group sparks the fifth industrial revolution in Tulum
Pratik Gauri

5ire is a blockchain ecosystem that focuses on sustainability, technology and innovation to build the 5th industrial revolution (5IR). Founded by blockchain proponents Pratik Gauri, Prateek Dwivedi and Vilma Mattila in August 2021, the missions of the 5ire ecosystem are to embed a for-benefit paradigm at the heart of blockchain, highly incentivise practices that align with the United Nations Sustainable Development Goals (SDGs), facilitate the transition from the 4IR to 5IR, and accelerate the implementation of the UN 2030 Agenda for Sustainable Development. The company’s primary offering is 5ireChain, a first layer, sustainability-driven 5th generation blockchain that ensures adherence to the philosophy of 5IR, creating a net positive impact on the planet and service humanity. For further information, visit its website at https://www.5ire.org .

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