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5IRECHAIN: A SUSTAINABILITY-DRIVEN FIFTH-GENERATION BLOCKCHAIN

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Abstract

No one can deny the benefits achieved through technological advances. However, the growth rate and momentum of the fourth industrial revolution raised questions about the directions it is leaning toward and about the lack of control over it as it is wrapped in a for-profit paradigm that only focuses on maximization and economic profit while ignoring sustainability and service of humanity. On the other hand, Blockchains have demonstrated an impressive ability in bringing people to consensus and unity of purpose. Nevertheless, present-day state-of-art and implementations face many challenges regarding scalability, security, speed, interoperability, future-proof, and the lack of governance. 5irechain is a fifth-generation blockchain that aims to bring a paradigm shift from a for-profit to a for-benefit. To be able to achieve this, 5irechain implements sustainability by design while it ensures democracy and governance, interoperability, and forkless upgradeability.

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