Layer 1 blockchain Sui has announced cooperation and technological integration with Fils, a platform helping companies promote their ESG values. The partnership aims to help companies contribute to environmental wellbeing and sustainability, as the global green agenda gathers steam. Nameer Khan, chief executive officer and founder of Fils, made the announcement on the last day of the COP28 conference in Dubai.
A New and Innovative way to meet ESG goals
The partnership will see Sui and Fills collaborate on blockchain use cases that align with modern organisations’ ESG goals is the main. Fils only started operations in November 2023, but it is already creating a stir in the fintech and ESG industries. Among the many sectors that the firm hopes to influence with its B2B2C offerings are the ones dealing with financial services, hospitality and e-commerce.
As a result of the collaboration, Sui’s blockchain will become the primary decentralised ledger for monitoring carbon credits in the Fils ecosystem. Nameer Khan, CEO of Fils, says that Sui is the perfect partner because of their dedication to sustainability, exceptional speed and scalability, and other unique qualities. Thanks to its low cost and horizontally scalable processing and storage, Sui is suitable for a variety of applications that require lightning-fast performance.
Through a straightforward API, Fils enables its users to make a positive difference in the world by increasing the beneficial effect their actions have on the environment. Also, Fils will offer its users greater experience by incorporating Sui’s key offerings, which will ultimately improve the platform’s functionalities.
Fils is not only expanding fast, but it has also lined up upcoming announcements of significant agreements with prominent figures in the financial services industry. This is attributed to its robust application programming interface (API), which allows for the incorporation of sustainability into the digital payment infrastructure with relative ease. This will likely attract more institutions in the coming weeks and months.