5ire and GRO Initiative, two pioneers in sustainability, both with huge climate ambitions, have officially forged a mutually beneficial partnership, marking their commitment in becoming key innovators towards the UN Sustainable Development Goals (SDG), and the Digital Carbon Markets (DCM).
The collaboration between 5ire and GRO Initiative is more than just an alliance; it’s a shared vision to redefine the landscape of Digital Carbon Markets (DCM). Together, they aspire to set a new precedent for global standards within the carbon markets, setting a practical benchmark for responsible and sustainable business practices.
Premium Carbon Offsets for a Greener Tomorrow
The collaboration extends to the supply of 5ire’s Carbon Marketplace with GRO’s assets, injecting sustainability into the heart of trading. This dynamic synergy aims to ensure that every transaction contributes towards a greener and more sustainable future.
Beyond short-term gains, the collaboration commits to a long-term wholesale supply of premium carbon offsets for the 5ire carbon market. As well as establishing a commitment to sustainability, this also ensures that every user of the 5ire platform is an active participant in global efforts to combat climate change.
Innovative RWA Solutions for a Carbon-Neutral World
The partnership explores asset-backed carbon finance and investment solutions, propelling the financial sector into a new era of on-chain sustainable Real World Assets (RWA). This forward-thinking approach facilitates financial growth and contributes significantly to global efforts for a carbon-neutral future.
5ireChain, 5ire’s native blockchain platform, will look to provide greater liquidity to a highly fragmented voluntary carbon market. Companies will be able to actively trade and retire carbon credits to offset emissions on 5ireChain.
Shared Values, Common Goals
This collaboration extends beyond the boardroom, as joint marketing, PR, and event strategies will link 5ire to GRO’s impact projects, on a global scale. This strategic alignment aims to create awareness and actively involve the community in the journey towards sustainable development.
At the core of this collaboration are shared values and common goals. Both 5ire and GRO Initiative are committed to fostering innovation to address the UN’s Sustainable Development Goals. This collaboration is a testament to their dedication to leveraging technology for positive environmental and social impacts.
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’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. Separately, 5ire is forging innovative partnerships with a broad spectrum of sustainability projects, with the end goal of providing a platform that brings enhanced liquidity to the Digital Carbon Markets (DCM) and incorporates sustainability-focused RWAs on-chain.
About GRO Foundation
The GRO Foundation and its GRO Initiative is a social-impact organization dedicated to planting 1 billion trees and helping to lift millions of individuals and families out of poverty by 2030 through creating sustainable livelihood projects and connecting grassroots communities to the global carbon market. The organization does the above under a mission to fund “un-fundable” social impact projects using climate finance and aims at achieving its vision of enabling vulnerable communities, women, and youth to take control of their own future.
GRO’s key to achieving large-scale reforestation centers on a standardized approach focused on developing strategic long-term stakeholder relationships and incentivizing grassroots community participation. Reforestation Quality Assurance is achieved by being advised by Plant for the Planet, employing experienced reforestation professionals locally, and working with local expert NGOs that are already involved in reforestation efforts closely tied to communities who are trained to be local stewards.