Member - Blockchain Triangle Systems, Inc.

Blockchain Triangle (BCT) can only exist today due to the technological advancements in Internet of Things (“IoT”) devices such as smart meters and IoT sensors, and of course, distributed ledger technology (“DLT”) and smart contracts embedded in blockchain. BCT developed AssetOS, a digital finance platform for ESG, Infrastructure and Climate Compliance, that combines these technologies together. By combining IoT and DLT, AssetOS connects the infrastructure and businesses solving climate change at the point of CO2 utilization or avoidance to measure TCFD Compliance (Scope 1-3). With AssetOS, BCT solves questions like: 1. How does a pension holder know that their chosen fund manager has invested their money into climate change abatement, and done so wisely? 2. How do manufacturers and suppliers aggregate and report data to the many recipients in their network? 3. How do banks collect Scope 3 data from their loan book clients, and then save money on their cost of capital on the bank's own borrowing costs? 4. And lastly, how do governments save money on cost of capital for delivering on GHG reporting and delivering on a Net Zero future? At the heart of AssetOS is our module, Asset Factory, where BCT can mint new assets combining finanical asset information and IoT sensor information to measure both economic and climate performance. With TCFD Compliance, participants are looking to take advantage of the cost savings in the Sustainability-linked Bond (SLB) market. SLBs have seen exponential growth from $50B in 2018 to $3T this year, with the CFA Institute estimating that the market will be $50T by 2025. This growth is driven by cost savings that have expanded from 5bps (in 2018) to 34bps this year. That market has been littered with Greenwashing, and now TCFD Compliance enacted by G7 regulators, cost of capital benefits will be based on an accountable and consistent standard. Bank regulators (ECB, UK, Basel, ADGM and Malaysia for Islamic Law) have also begun to perform banks stress tests on loan book exposure (Scope 3) based on carbon exposure. BCT is solving this very problem delivering AssetOS to banks with modules like TCFD Climate Compliance, Sustainability-linked Loans and Carbon Credit Minting. TCFD Compliance delivers compliance for the bank (Scope 1 & 2), and the Loan Book (Scope 3). This data connects to the Sustainability-linked loan modules so banks can codify loans as sustainability-linked (solar, wind, battery, EV, etc.) and linked back to their TCFD Compliance objectives. Data from assets in the field report economic and climate performance data back to the loan book for losn performance management. That same data connects to a carbon credit minting system. This not only allows banks to mint carbon credits for bank clients, but custody their customer's TCFD management and provide access to liquidity. BCT filed patents on its technology in April 2020 and is rolling out its first bank ($50B depository with a $27B loan book) client in the NW United States. BCT has also received a grant, in partnership with the University of Michigan, from the Great Lakes Protection Fund to create sustainability-linked farm credit by linking fertilizer usage and farm productivity with IoT sensor information to farm credit. BCT is also working with a Big 4 company and the Ministry of Finance in Bermuda to convert $500m of their $3.5B of sovereign debt to sustainability-linked sovereign debt. BCT is also rolling out a community solar program with the Shinnecock Nation, a Native American tribe in Long Island, NY, and is already demonstrating performance with the Royal Hamilton Dinghy Club in Hamilton, Bermuda, where the company was originally founded. Lastly, Blockchain Triangle has participated in some great programs: 1. COP27 Program, the CivTech Alliance - a17 government program for supply chain TCFD reporting), 2. BCT is a finalist in the Net Zero Challenge with the RFI Foundation and HSBC, 3. Presented at COP26 with Greenbackers program - #26forCOP26 4. Participated in Bermuda's Innfound Incubator for digital assets.