5ire and Network Capital Launch Blockchain Module with NITI Aayog


India, 23 January, 2023: With less than 1% of people using and adopting blockchain technology, education in the blockchain ecosystem is important to drive adoption. Towards this end, NITI Aayog’s Atal Innovation Mission has come out with first-of-its-kind Blockchain Module in partnership with 5ire and Network Capital. 

Atal Innovation Mission is Government of India’s flagship initiative to create and promote a culture of innovation and entrepreneurship across the length and breadth of our country. AIM’s objective is to develop new programmes and policies for fostering innovation in different sectors of the economy, provide platforms and collaboration opportunities for different stakeholders, and create an umbrella structure to oversee the innovation & entrepreneurship ecosystem of the country. 

Under the aegis of Atal Innovation Mission 10,000+ schools across India have Atal Tinkering Labs. The objective of this scheme is to foster curiosity, creativity, and imagination in young minds; and inculcate skills such as design mindset, computational thinking, adaptive learning, physical computing etc. 

The ATL Blockchain Module marks a significant step forward in the digital transformation of India, and we are excited to be at the forefront of this innovation. This innovative technology will revolutionise the way businesses and individuals interact and transact, providing a secure and decentralised platform for data storage and transfer. Blockchain technology has emerged as a driving force in the world of data technologies and interest services. It is fundamentally transforming how we look at collaboration, information exchange and institution building in the twenty-first century. 

5ire as one of the world’s fastest growing blockchain unicorns has lent its technical expertise and knowledge in the writing of the module. Network Capital as the world’s largest mentorship and career exploration platform has enabled the curation and conceptualization of the module. In September, 2022, 5ire bought a stake in Network Capital.

The ATL Blockchain Module was launched on Jan 23, 2023 in the presence of Dr. Chintan Vaishnav (Mission Director of Atal Innovation Mission), Mr. Pratik Gauri  (CEO & Cofounder of 5ire), Mr. Utkarsh Amitabh (CMO of 5ire & CEO of Network Capital) and Ms. Deepali Upadhyay (Program Director, Atal Tinkering Labs & Mentor India). 

On the occasion of the ATL Blockchain Module launch,  Dr. Chintan Vaishnav, Mission Director of Atal Innovation Mission, emphasised the importance of ‘practical innovation’ and the need for using blockchain technology to lead social change. 

Building on this idea, Pratik Gauri, CEO & co-founder of 5ire spoke of the need for aligning sustainability with innovation. He highlighted the infinite possibilities that exist ahead of young students and how they can use blockchain to solve for the 17 SGDs.

Utkarsh Amitabh, CMO of 5ire & CEO of Network Capital,  concluded the session by sharing his thoughts on building a more equitable and decentralised internet that empowers young students to build and learn. 

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About 5ire

5ire is a blockchain ecosystem that focuses on the widespread adoption of blockchain technology by integrating sustainability, technology, and innovation to build the 5th industrial revolution (5IR). Founded by blockchain proponents Pratik Gauri, Prateek Dwivedi, and Vilma Mattila in August 2021, the mission of 5ire is to increase the adoption of blockchain for worldwide benefit by embedding a for-benefit paradigm at the heart of the blockchain, highly incentivizing practices that align with the United Nations Sustainable Development Goals (SDGs), facilitating the transition from 4IR to 5IR, and accelerating the implementation of the UN 2030 Agenda for Sustainable Development. The company’s primary offering is 5ireChain, a first-layer, sustainability-driven 5th-generation blockchain that ensures adherence to the philosophy of 5IR, creating a net positive impact on the planet and serving humanity.

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