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Steve Wozniak’s Blockchain Venture Lists Cryptocurrency Token, Reaches $950M In 13 Minutes

CNBC Make It | Catherine Clifford | Dec 4, 2020

steve Wozniak - Steve Wozniak's Blockchain Venture Lists Cryptocurrency Token, Reaches $950M In 13 MinutesSteve Wozniak is starting another company, 45 years after co-founding Apple with Steve Jobs

Steve Wozniak is starting a second company, 45 years after he co-founded Apple in Steve Jobs’ parents garage in 1976.

This time, Wozniak is starting a business in the green tech and blockchain space called Efforce, according to a statement released Friday.

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

According to Efforce, “investors can participate in energy efficiency projects buy acquiring tokenized 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.”

According to Wozniak, “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 a statement about the company.

See:

Podcast: How blockchain could revolutionize green finance in Asia

Opportunity for FI to be more impactful

Davos 2020: Financial inclusion and fintech is key to meeting the UN SDGs


Wozniak created Efforce “to be the first decentralized 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 decentralized currencies, and will launch on Bithumb Global, another marketplace for decentralized currencies next week, according to a Medium post about the company. Cryptocurrency is highly volatile, it is worth noting.

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NCFA Jan 2018 resize - Steve Wozniak's Blockchain Venture Lists Cryptocurrency Token, Reaches $950M In 13 Minutes The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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