Talking about blockchain is one part, bringing more traditional businesses onto the blockchain network is another part. At 5ire, we want to onboard new actors and players in the sustainability ecosystem and show them why blockchain is an important technology to achieve the Sustainable Development Goals (SDGs). Accordingly, we are pleased to announce that we have joined the HUAWEI CLOUD & Morpheus Labs Launchpad to drive and promote the mass adoption of blockchain technology. Given 5ire’s vision of creating a launchpad of governance infrastructure, this is a natural collaboration for us to leverage to expand our network and promote the useful adoption of blockchain in other business verticals.
So far in 2021, we have witnessed a huge uptake in establishments adopting blockchain — from finance to loan, payment and identity verification to digital collectibles and governance. However, this adoption shows one thing and it’s that investors and businesses are gravitating towards a venture that yields the best profit. For a wider adoption, there is an urgent need to accelerate blockchain adoption and develop collaborations that will pilot blockchain technology to gain maturity and achieve large-scale adoption. Low awareness, resistance to trying emerging technologies to address real-life problems, and complexity of the underlying technology are some of the stumbling blocks to mass adoption. As a sustainability-driven, blockchain-based ecosystem, 5ire seeks to collaborate with major actors in the business and non-business world to solve the world’s most pressing concerns.
Accordingly, joining the HUAWEI CLOUD & Morpheus Labs Launchpad will proliferate our marketing strategies, expand our core offering, and broaden the underlying technology. In the first place, we will capitalize on Morpheus Labs’ strength in delivering high-end blockchain solutions to businesses. Specifically, this will reduce the complexity of integrating blockchain solutions into our framework, facilitate the democratization of scalable and upgradable systems, and generally lower the barriers to blockchain adoption. Huawei, through its advanced marketing strategies and expanded reach, will help scale our offerings through their established access to the fast-growing markets throughout the world. With that in mind, there is no denying the fact that collaborating with Huawei and Morpheus Labs is important to support the UN’s goal of using emerging technologies for sustainability and 5ire’s commitment to creating value-added blockchain-based ecosystems.
As part of 5ire’s readiness for a new technology deployment with blockchain-enterprise connectivity and legacy systems, we will participate in the HUAWEI CLOUD DAY on October 28th to present our solutions, explore the benefits of contextualizing digital transformation, and demonstrate the applicability and use cases of blockchain. We will also engage in workshops and virtual events to educate and train stakeholders in those areas that we consider to be critical in the acquisition of blockchain technology.
This collaboration arises from our commitment to being the leading blockchain ecosystem with sustainability solutions at its core technology. We are very excited to be working with Huawei and Morpheus Labs — two organizations that are determined to leverage blockchain to create transformative solutions to our environment and society. We look forward to sharing more in the coming days as we work closely with Huawei and Morpheus Labs.
Pratik Gauri, Co-Founder & CEO at 5ire:
“Asian market is massive for crypto adoption and this collaboration aims to fuel the wider adoption of blockchain not only in India but all other developing nations. Working with Huawei provides the 5ire organization with scalable and reliable cloud infrastructure. Moreover, our involvement with Morpheus Labs gives us access to collaboration opportunities. The 5ire team is excited to announce this collaboration and is looking forward to what this means for 5ire, as an ecosystem.”
Chuang Pei-Han, CEO of Morpheus Labs:
“We are so glad 5ire is coming on board. As corporate citizens, sustainability is always on our minds when we conduct our businesses. 5ireChain, with their innovative, highly efficient consensus, and HUAWEI CLOUD’s intelligent infrastructure, are perfect partners for Morpheus Labs in advancing the adoption of blockchain, in a sustainable manner.”
About 5ire
5ireChain is a fifth-generation blockchain that aims to bring a paradigm shift from a for-profit to a for-benefit economy. 5irechain’s primary goal is to create a user-centric sustainability-driven ecosystem. This is achieved by embedding sustainability in the network’s base layers and the upper decision-making that democratically commands the network. 5irechain is a Nominated Proof-of-Stake blockchain with validators that bring sustainability from the off-chain and governance mechanisms that assure the empowerment of working groups and decentralized organizations that work toward the implementation of the UN 2030 Agenda, thus bringing a shift from a for-profit paradigm to a for-benefit by altering the core concepts and leverage the true power of blockchain as a source of truth and multilayered oracles as the tools to bring forth this true power of DLT technologies and offering the most secure and advanced collaboratives tools that are based on E2E encryption data exchange open-source protocols to help DAOs and working groups at bringing forth value off-chain, to the world.
More information about 5ireChain can be found by clicking on the following links:
Website: https://5ire.org
White paper: https://bit.ly/5ireWP
LinkedIn: https://www.linkedin.com/company/5ireChain
Twitter: https://twitter.com/5irechain
Discord: https://discord.gg/GAWXJKnZQH
Telegram: https://t.me/OfficialFireChain
About Morpheus Labs
Morpheus Labs provides businesses with an end-to-end Blockchain-Platform-As-A-Service (BPaaS) solution for innovation and value creation. It simplifies blockchain application development by offering mission-critical tools, infrastructure, and various blockchain protocols, where you can build and manage your applications effortlessly at minimal cost and time, with a cross-functional team that has a combined 70 years of experience in artificial intelligence, blockchain, mobile applications, cybersecurity, and IoT across Europe and Asia.
For more information, visit https://morpheuslabs.io.
