Two Bermudian-based firms are collaborating to improve world health outcomes through producing, analysing and tokenising carbon offset credits.

Apierion, a global fintech healthcare company, and Triangle Digital, a firm focused on carbon technology and environmental social governance finance, announced the partnership today.

Companies with too much carbon can buy carbon credits that bring down their official carbon footprint.

“In the United States, all companies now have to show what their overall carbon footprint is,” Michael Dershem, chief executive of Apierion, told The Royal Gazette. “If those companies do something to reduce their carbon emissions, they get credits. Once those are measured, they become a commodity.”

Apierion works with American cattle ranches, student health metrics and school clean air initiatives in India to produce the credits.

Triangle Digital quantifies and tokenises the carbon offsets as financial instruments overseen by the Bermuda Monetary Authority. This allows the credits to be held by a qualified custodian, added to the balance sheet as prepaid inventory and traded globally.

“Folks like Tesla actually have more revenue from their carbon offsets than they do from selling cars,” Mr Dershem said.

Triangle Digital provides carbon footprint metering.

“Carbon credit is defined as an intangible commodity,” said Darren Wolfberg, chief executive of Triangle Digital. “It is subject to analysis, and that analysis starts with raw data.”

Through its digital medical twin platform, Apierion captures and authenticates real-time data on things such as cattle health, regenerative grazing and improved soil management.

After verification, a firm can claim carbon credits.

Meanwhile, Triangle Digital’s metering gives more credibility to the space, because it substantiates the activities that people are doing to reduce their carbon footprint.

Most of Triangle Digital’s clients are outside Bermuda, but they have worked with local organisations such as the Royal Hamilton Amateur Dinghy Club in Paget.

“We collected data from the infrared sensors on their solar panels,” Mr Wolfberg said. “Through that we created carbon credits for them.”

They have also been working with folks in the electric vehicle charging sphere and in the waste and energy arenas.

“Carbon has a pretty expansive mandate,” he said.