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Woz starts another business

by on07 December 2020


Helping get green projects funded

The brains behind Apple, Steve Wozniak, is starting a business in the green tech and blockchain space called Efforce.

Efforce, which has been in stealth mode for almost a year, is a marketplace for corporate or industrial buildering owners to have "green" projects funded.

The company said investors can participate in energy efficiency projects buy acquiring tokenised future savings," while companies benefit from such improvements "at no cost".

Using blockchain, "a smart contract redistributes the resulting savings to token holders and the companies without intermediaries based on exact consumption/savings data".

Wozniak said that energy consumption and CO2 emissions worldwide have grown exponentially, leading to climate change and extreme consequences to our environment.

“We can improve our energy footprint and lower our energy consumption without changing our habits. We can save the environment simply by making more energy improvements", he said in a statement about the company.

Wozniak created Efforce "to be the first decentralised platform that allows everyone to participate and benefit financially from worldwide energy efficiency projects, and create meaningful environmental change", he said.

The company's cryptocurrency token, trading under the token named WOZX, was made public on Dec. 3 on HBTC, a marketplace for decentralised currencies, and will launch on Bithumb Global, another marketplace for decentralised currencies next week.

 

Last modified on 07 December 2020
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