5ire
TypePrivate
IndustryBlockchain
Founded2021
Headquarters
Dubai
,
United Arab Emirates
Website5ire.org

5ire is an Indian blockchain technology ecosystem firm, founded in 2021.[1][2] The firm became India's 105th Unicorn with a valuation of $1.5 billion, In 2022.[3][4][5]

History

5ire was founded in 2021 by Pratik Gauri and Prateek Dwivedi.[6] The development of 5ireChain, began in 2021. 5ireChain is built on a Proof-of-Stake (PoS) consensus mechanism. The firm raised $100 million in a Series A funding round in July 2022.[7]

Partnerships

Since 2022, 5ire has collaborated with governmental and non-governmental organizations.

In January 2022, 5ire announced their collaboration with AICTE to create the application, YourOneLife on 5irechain, in order to measuring happiness index in educational institutions.[8]

In January 2023, NITI Aayog announced a partnership with 5ire to launch ATL Blockchain Module, a mentorship and career exploration platform.[9] The project operates under the aegis of Atal Innovation Mission (AIM),[10] which has Atal Tinkering Labs (ATL) in more than 10,000 schools in India.[11]

In February 2023, Abu Dhabi University signed a memorandum of understanding (MoU) with 5ire to collaborate on blockchain education, research, and entrepreneurship.[12][13]

In August 2023, Goa Police collaborated with 5ire to digitize its operations and utilization of paperless document and evidence storage system, by using blockchain infrastructure. By this collaboration, Goa Police would become the first police state in India to completely abandon paper.[14][15]

Awards and honors

In 2022, 5ire received the Best Tech Start-up of the Year Award in the Blockchain domain, by Entrepreneur Awards.[16] The firm also won the Best Blockchain Start-up of the Year Award at The Future Innovation Summit 2022.[17]

References

  1. ↑ "كريبتو ارابيا | قالت شبكة 5ire للبلوكتشن التي تأسست في دبي على يد براتك غوري Gauri Pratik يوم الجمعة 15 تموز إنها جمعت 100 مليون دولار في تمويل من السلسلة A من تكتل Mram & Sram في المملكة المتحدة.. اقرأ باقي (العملات_الرقميه) _العربي (إيثريوم) (كريبتو)". موقع نبض. Retrieved 2023-08-07.
  2. ↑ "5ire". World Economic Forum. Retrieved 2023-12-16.
  3. ↑ Anupam, Suprita (2022-07-15). "Layer 1 Blockchain Startup 5ire Turns Unicorn After Raising $100 Mn in Series A Funding". Inc42 Media. Retrieved 2023-08-07.
  4. ↑ jjarrett (2022-08-22). "New FinTech unicorn announcements slump in July". FinTech Global. Retrieved 2023-08-07.
  5. ↑ "Blockchain platform 5ire becomes India's 105th unicorn startup. Details here". Moneycontrol. 2022-07-15. Retrieved 2023-08-07.
  6. ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2023-12-26.
  7. ↑ Startuplab, Team The (2022-07-15). "Blockchain Startup 5ire Raises $100 Million Series A Funding". The StartupLab : Compliance | Tech | Funding. Retrieved 2023-12-26.
  8. ↑ "AICTE, 5ire partner to launch the world's biggest happiness blockchain". Business Today (in Hindi). 2022-01-15. Retrieved 2023-12-16.
  9. ↑ "5ire and Network Capital Launch Blockchain Module with NITI Aayog". Financial IT. Retrieved 2023-08-07.
  10. ↑ TICE, Team. "Atal Innovation Mission Introduces Blockchain Module". www.tice.news. Retrieved 2023-08-07.
  11. ↑ "India's First Blockchain Module For School Students Aims To Drive Innovation". IndiaTimes. 2023-01-24. Retrieved 2023-08-07.
  12. ↑ "ADU and 5ire collaborate to advance blockchain education and research". Abu Dhabi University. Retrieved 2023-08-07.
  13. ↑ "Abu Dhabi University hosts its first 5ire Web3 and Blockchain Hackathon to advance students' future-proof knowledge | Al Bawaba". www.albawaba.com. Retrieved 2023-08-07.
  14. ↑ Bureau, BW Online. "5ire Signs MoU With Goa Police To Make It First Paperless Police State In India". BW Businessworld. Retrieved 2023-08-07.
  15. ↑ "Police to go digital, crime records at click of button". The Goan EveryDay. Retrieved 2023-08-07.
  16. ↑ "5ire.org awarded the Best Tech Start-up of the Year in the Blockchain domain, by Entrepreneur Awards 2022".
  17. ↑ "5ire Wins Best Blockchain Start-up of the Year Award at The Future Innovation Summit 2022".
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