5ire is a dual-chain (EVM and WASM) blockchain ecosystem that focuses on combatting global sustainability issues, aligning to the UN’s 2030 agenda for sustainable development. At the core of 5ireChain (5ire’s native blockchain) is a SPoS (Sustainable Proof-of-Stake) consensus mechanism that incentivises validators towards sustainability to receive higher rewards. 5ire aims to bring a paradigm shift from a for-profit to a for-benefit. 5ire’s goal is to combine blockchain with sustainability, whilst onboarding governments’, enterprises’ and institutions’ activities and reporting, related to sustainability-focused real-world assets.
5ire released the 5ireChain Testnet Thunder in Q2 ’23, recording +2m transactions and registering +250k wallets within the first month. Alongside the testnet, the 5ire tech team released a sustainability service to bring sustainability data on-chain and the following dApps:
⁃ 5ire Wallet
⁃ 5ire Explorer
⁃ 5ire Validator app
⁃ 5ire Nominator app
⁃ 5ire IDE
5ire’s next big milestones are to launch the 5ireChain Mainnet in 2024, and further build out the tools to efficiently onboard governments and enterprises to provide ESGaaS (ESG as a Service) on-chain, increasing 5ire’s main revenue drivers.