INTEX will accept 5ire blockchain to access web3

INTEX will accept 5ire blockchain to access web3

Previous story:

The state government has exchanged views with leading industrialists for creating EODB portal to facilitate Dr. Sarma doing business.

Next story:

Huawei has launched the Tech Arena competition

INTEX will accept 5ire blockchain to access web3

Published June 17, 2022

New Delhi: INTEX, an Indian multinational electronics manufacturing services company, has announced the adoption of 5ire blockchain to access Web 3.0. Incorporated in 1996, INTEX is a 50 950 million Indian company with 20+ product divisions. By controlling the consumer market for consumer durable, smart IT accessories and personal care accessories, the company is committed to conducting its operations in SAP, a world-class collaborative business solution in a virtual private network.

INTEX’s vision is to give people easy access to the latest integrated technology and innovative value products, to grow it as a smart lifestyle brand, constantly changing its ways to meet the needs of changing consumers. The brand prides itself on bringing innovative but affordable technology with style and glitz in the hands of every Indian.

Emerging from a country that ranks fifth out of 117 countries in terms of pollution, Mr. Bansal, chairman and managing director, has shown his enthusiasm for reducing its carbon footprint when adopting Web 3.0.

The adoption of 5ire’s blockchain for access to Web 3.0 by INTEX will usher in a new technological revolution in the retail industry, including Web 3.0, highlighting blockchain and business integration for sustainable and profitable companies.

From a technical point of view, Web 3.0 has the potential to revolutionize the way business is conducted. By providing a more personalized web, improved data searchability, and eliminating third-party intermediaries, Web 3.0 can help INTEX save time and money while building stronger customer relationships. It promotes transparency and promotes a healthy customer relationship, ensuring a temper-proof record of transactions through blockchain. Further, including NFTs and Metaverse, Web 3.0 opens the door to innovation and sustainable competitive advantage.

“We are excited to be partnering with 5ire,” said Keshab Bansal, Director, Intex. Web 3.0 will bring you immense potential for new ways of doing business. Efficiency will greatly increase. With decentralization at its core, this will result in greater transparency. This is a step towards building a sustainable planet. This is the beginning of a new era. “

Pratik Gauri, CEO and co-founder of 5ire, said at the event, “Adopting INTEX’s blockchain technology to access Web 3.0 is an important part of building a community around 5ire’s mission to bring about paradigm change for the benefit of the people.” “

Since enterprises operate at speed and scale today, there are many unintended consequences on the sustainability of this digital transformation. For example, if we discuss the consensus process used in blockchain technology, proof of work consumes greater computational power and energy, while proof of betting demands more crypto use to get financial rewards from blockchain. This brings us back to the traditional financial problems where the rich get richer and the poor get poorer. However, if enterprises work at the juncture of sustainability and Web 3.0, all of which run on metaverse, we can not only scale faster but also enable financial inclusion for about 1.5 billion people who do not have traditional access. Banking

Leave a Comment

Your email address will not be published.