5ire, Network Capital launch blockchain module with NITI Aayog

NITI Aayog’s Atal Innovation Mission has come out with first-of-its-kind blockchain module in partnership with 5ire and Network Capital. Called the ATL Blockchain Module, it aims to revolutionise the way businesses and individuals interact and transact and provide a secure and decentralised platform for data storage and transfer.

Blockchain technology is one of the driving forces 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. This will also educate people in the blockchain ecosystem to drive adoption of the technology as less than 1% of people use it.


5ire, which is among the fastest growing blockchain unicorns, has lent its technical expertise and knowledge in the writing of the module. Network Capital, which is a mentorship and career exploration platform, has enabled the curation and conceptualization of the module.

At the launch of the ATL Blockchain Module, 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.

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. 5ire bought a stake in Network Capital in September last year.

What is Atal Innovation Mission?
Atal Innovation Mission (AIM) is Indian governemtn's flagship initiative to create and promote a culture of innovation and entrepreneurship across the 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 and 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.