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Apple Co-founder Steve Wozniak launches a New Company that Melds Cryptocurrency and Blockchain Technology

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Crypto Business World Follow

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Dec, 14 2020

Dec, 14 2020

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Steve Wozniak, co-founder of Apple has launched a corporation that encourages investments in energy efficiency projects through cryptocurrency and blockchain technology.


On Thursday via HBTC, it was listed that the company intends to be a marketplace to modernized the method of financing and shouldering such projects by facilitating them to acquire crowd contribution from investors through its WOZX, token.


The market value has increased tenfold to $ 950 due to the listing, affirmed Efforce. On Bithumb, a South – Korea based crypto exchange, the token will be listed the very next week.


Since the banks lack the technical competence to accurately assess the return on investment, the energy services companies (ESCOs) tend to have finite access to capital and are often not able to spin to traditional banking channels, in accordance with Efforce.


The registration of energy efficiency projects which Efforce by ESCOs will legalize the projects and assess the worth of their investment needs, compute returns and create Energy Performance Contracts.


In order to measure the energy savings from each project, there will be a smart meter on the blockchain of the company and will also turn them into energy credits that are saved in the profile for sale or use.


Efforce is the first decentralized platform that permits the participation of everyone and gets benefited financially from universal energy efficiency projects and generates significant environmental change. According to Wozniak, the environment can be saved by making more energy improvements.


Wozniak, Andrea Castiglione, Jacopo Vanetti and Jacopo Visetti, who also established AitherC02 are the co-founders of the company. In 1976, Apple was formed by Wozniak and Job and about 5 years after its first public offering, Wozniak stopped working at the company, which is valued at more than $ 2 trillion.


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