MUMBAI, 12 AUGUST, 2022 (GPN): Blockchain/crypto industry expert Pratik Gauri, Co-founder & CEO, 5ire, Said,

“As we complete 75 years of Indian independence, it gives me great pride to see this country emerge as a global leader in tech. Technology is not only essential to foster innovation but also to pave the way for a sustainable future. Blockchain, the technology of tomorrow, is one of the most crucial pieces of tech to have emerged in recent times, and the collective of businesses, Web3, etc., all depend on it.  

Blockchain is a shared distributed database or ledger between computer network nodes that stores data in digital form. The most well-known use of blockchain technology is preserving a secure and decentralised record of transactions in cryptocurrency systems like Bitcoin. The innovation of a blockchain is that it fosters confidence without the necessity for a reliable third party by ensuring the fidelity and security of a record of data. However, the major criticism faced by Blockchain is its low energy efficiency. At 5ire, we have worked towards eliminating this disadvantage and created the world’s first sustainable Blockchain, integrating the UN’s Sustainable Development Goals within our algorithm. 

On this independence day, we pledge to ensure India reaps the latest tech benefits and emerges as a leader in the Web 3 and blockchain revolution.“Ends