Steve Wozniak launches blockchain investment platform for sustainable projects


It’s been 45 years since Steve Jobs and Steve Wozniak founded Apple. The latter has now opened a second company: Efforce has set itself the task of “changing the market for energy efficiency”. The platform is based on blockchain technology and should enable those involved to benefit financially from optimization projects for energy efficiency issues.

Efforce: Blockchain marketplace for energy projects

Efforce is a marketplace for companies to be able to carry out energy efficiency measures free of charge – so that they can invest the (saved) capital in “more critical tasks”, as it is called in a press release. With Efforce, the energy efficiency market is for the first time accessible to both large and small investors. What sounds complex is not at all: Users should be able to symbolically acquire “savings on projects they support” via a token system.

WOZX-Token

That is, Efforce develops the project together with the company, including assessing the investment needs, calculating the expected rate of return and drawing up an energy performance contract detailing the savings and the duration of the rate of return for the company and investors. The platform then lists the project for public participation. The participants can buy into the project with “WOZX” tokens.

Efforce, in turn, measures the energy savings in these projects using intelligent meters that are “attached” to the blockchain. The savings data is loaded into the investor’s profile as an energy loan for use or sale by the investor. The energy credits are to be distributed in megawatt hours.

Blockchain and Smart Contracts

The new Wozniak company names, for example, companies that want to switch to LED lighting. The project is more or less financed by the users via the tokens, which should then ultimately benefit again via the blockchain and “smart contracts”. Jacopo Visetti, project manager and co-founder of the new Wozniak company: “Efforce enables business owners to securely register their energy upgrade project on the internet and secure funding from all types of investors around the world. The companies then have more available money that they can use for other critical projects such as infrastructure or recruitment. ”

“Energy consumption has extreme consequences for the environment”

Wozniak: “Energy consumption and CO2 emissions have increased exponentially worldwide, which has led to climate change and extreme consequences for our environment. We can improve our energy footprint and reduce our energy expenditure without changing our habits. We can save the environment simply by making more energetic improvements. ”And further:“ We created Efforce to be the first decentralized platform that enables everyone to participate and to benefit financially from global energy efficiency projects Bring about environmental change. ”

WOXZ tokens already available

The market for energy efficiency projects has now reached a volume of 250 billion dollars. Efforce is already worth $ 950 million, according to a press release. The value could still increase: Currently, the WOZX tokens are only available from HBTC, but the Bithumb Global exchange platform will follow soon.

+++ With Pantos and IOTA: New Christian Doppler Laboratory at TU Wien is researching blockchain +++

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