Sui, a Layer 1 blockchain and smart contract platform, announced a partnership and technical integration with Dubai-based Fils, an enterprise-grade digital infrastructure provider, to leverage the US company’s blockchain to serve as the preeminent decentralised ledger for tracking carbon credits within the Fils ecosystem.
Fils platform makes it easier for businesses to embody the core values of ESG.
The company said the objective of the collaboration is to leverage blockchain technology to serve use cases in line with the ESG goals that modern businesses are seeking.
Users will now also benefit from the unique crypto wallet infrastructure provided by Sui, it said.
“Sui offers speed and scalability that is unique, along with a commitment to sustainability that make them an ideal partner for us. We look forward to leveraging this capable blockchain to offer an unprecedented solution to one of the world’s most intractable challenges,” said Nameer Khan, Founder and CEO of Fils.
Greg Siourounis, Managing Director at the Sui Foundation, said the most important challenges of our era demand the most capable technology implemented by the strongest teams working together to build solutions.
“I am extremely proud to see Sui’s infrastructure being integrated by the forward-thinking team at Fils to address the crucial global issue of climate change in a fundamentally new way,” he said.
Sui’s next-generation Layer 1 blockchain is created by the technology team leaders that guided Meta’s Diem Blockchain project.
Fils, officially launched in November 2023, is targeting several industries including financial services, hospitality, and e-commerce through its B2B2C product offering.
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