INTEX announces adoption of 5ire blockchain to enter Web 3
The company said that the integration of blockchain and businesses would result in sustainable and profitable companies by incorporating Web 3.0
Electronics manufacturing services company INTEX on Friday announced the adoption of 5ire blockchain to enter web 3.0. The adoption of 5ire's blockchain to enter Web 3.0 by INTEX would embark on a new technological revolution in the retail industry, the company said in its press release.
The company said that the integration of blockchain and businesses would result in sustainable and profitable companies by incorporating Web 3.0.
The company further said that Web 3.0 has the potential to revolutionise the way businesses operate by providing a more personalised web, improved data searchability, and eliminating third-party intermediaries, Web 3.0 can help INTEX save time and money while building strong customer relationships.
See Zee Business Live TV Streaming Below:
“Further, with NFTs and Metaverse, Web 3.0 opens doors to innovation and sustainable competitive advantages,” the release said.
“We are excited to partner with 5ire. Web 3.0 will bring immense possibilities for new ways of doing business. Efficiency shall increase tremendously. With decentralization at its core, it shall result in more transparency. It is a step towards building a sustainable planet. This is the beginning of a new era”, Intex’s Director, Keshav bansal, said.
"INTEX's adoption of blockchain technology to enter Web 3.0 is pivotal for building a community around 5ire's mission of bringing a for-benefit paradigm shift", CEO and Co-founder Pratik Gauri said on the occasion.
INTEX is a 950 million dollar Indian company with over 20 product categories, the release claimed.
5ire is a Layer 1 blockchain project comprising of an ecosystem featuring an exchange, a wallet, an NFT marketplace, and a VC fund to help grow other sustainable blockchain projects, the release said.
5ire has initiated public-private partnerships in India, Nigeria, and the United States to bring 5ire's technological solutions for sustainability, better governance, and more just and transparent law enforcement.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
IRCTC Dividend 2024: Railway PSU announces 200% interim dividend - Check record date and other details
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
06:05 PM IST