Steve Wozniak, the co-founder of Apple, created a new company, more than four and a half decades after founding Apple with Steve Jobs. Wozniak created Apple in the garage of Steve Job's parents in 1976. Now, the newest company of the genius, Efforce, uses cryptocurrency and blockchain to “make it cheaper and easier for companies to finance environmentally friendly projects”.
The company's goal is to "democratize" a $ 250 billion market for energy efficiency projects, just as Apple has expanded access to personal computers.
"We created Efforce to be the first decentralized platform that allows everyone to participate in energy efficiency projects around the world and create significant environmental changes," said the confounder of apple last Friday.
Efforce created a cryptocurrency called “WOZX”, a name that is a tribute to Wozniak. WOZX started to be publicly traded on December 3 at the decentralized brokerage HBTC.
At the time of publication of this article, the currency was up 24%, trading at $ 1.30.
According to a statement on Medium, the company will also list the currency on Bithumb next week, another decentralized and much better known broker.
The cryptocurrency can be used to purchase energy efficiency projects listed by energy service companies on the Efforce platform. The company tracks the possible energy savings achieved by the listed projects and returns them to investors in the form of energy credits that can be used or sold.
Efforce is a market for owners of corporate or industrial buildings to have “green” projects funded.
In the company's words, "investors can participate in energy efficiency projects, 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 based on accurate consumption and savings data."
Many small companies "cannot afford to switch to LED lighting or optimize production processes, which could save money in the long run," said Jacopo Visetti, co-founder of Efforce along with Wozniak.
"Efforce allows business owners to securely register their energy upgrade projects and secure funding from all types of investors around the world."
According to Wozniak, “energy consumption and CO2 emissions in the world have grown exponentially, leading to climate change and extreme consequences for the environment. We can improve our energy footprint and reduce our energy consumption without changing our habits. We can save the environment by simply making more energy improvements, ”he said in a statement about the company.
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