UAE Fils leverages Blockchain Sui platform to track carbon credits. Sui is a next generation Layer 1 blockchain.
The collaboration will leverage blockchain technology to serve use cases in line with the ESG goals that modern businesses are seeking. Users will also benefit from the unique crypto wallet infrastructure provided by Sui. For example, using Sui’s zkLogin tooling, end users can authenticate by simply using Web 2 social credentials, creating and accessing their wallets will be effortless.
Nameer Khan, the Founder and CEO of Fils stated, “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.
Fils officially launched in November with its B2B2C product offering, the company is targeting several industries including financial services, hospitality, and e-commerce. With Sui platform, Fils can now elevate the user experience and enhance the platform’s capabilities through blockchain technology.
Greg Siourounis, Managing Director at the Sui Foundation, added, “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.”
So far there have been many announcements pertaining to Blockchain platforms for Carbon credits or sustainability including the recent e&enterprise announcement today.
