More than four-and-a-half-decades since he helped found what has now become the world’s highest-valued company, Apple co-founder Steve Wozniak is entering the cryptocurrency-fuelled venture capital space—with an eye on funding ‘green’ projects with the power of the blockchain.
Wozniak is among six co-founders of Efforce, which describes itself as the “first blockchain-based platform which allows anyone to access tokenized energy savings worldwide.”
The idea is to increase public participation—in their words, to “democratise”—in the $250 billion market for energy-efficient projects. In a statement, Wozniak said, “We 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.”
Efforce targets energy services companies (ESCOs), offering investors in the same an alternate mode of investment through a smart token. The “WOZX” token will support a blockchain-based energy-saving platform, where energy savings of companies (in monthly CO2/kg)are written in real-time on the blockchain with a smart contract distributing the savings to token holders.
Sergio Carloni, CEO of AitherCO2 SpA—a provider of financial services to the world's environmental and energy markets—will also serve as CEO of Efforce.
