Steve Wozniak, the co-founder of Apple, is reportedly developing a new blockchain-based startup in Malta.
Wozniak’s new venture, called Efforce, will focus on making energy consumption more efficient and transparent, saving money and doing good for the environment. He joins the firm’s co-founder and project lead Jacopo Visetti.
Speaking at the pre-launch of the Delta Summit, a blockchain event in Malta, Wozniak discussed how the distributed ledger technology can lower energy consumption without altering current energy needs, reports local news outlet The Malta Independent. Says Wozniak,
“Efforce is a unique business model and we can have a great impact on the entrepreneurship.”
@IndependentMlt reports Apple co-founder @stevewoz is co-founding & investing in @EFFORCE_ICO, a #blockchain company focused on #energyefficiency. The announcement was made at the prelaunch of Malta's official #digital #innovation conference, @DELTA_Summit https://t.co/6WG3iTg0eh
— ECO2 Consensus (@ECO2_Consensus) July 19, 2019
Praising Malta for its leadership in the race to accommodate blockchain and crypto entrepreneurs by developing a clear regulatory framework for startup companies, Wozniak expressed his interest in living in the small European island country located in the Mediterranean.
“It has been on my mind for decades. Like no other place in the world.”
Malta, dubbed “Blockchain Island”, has recently attracted major players in the blockchain industry, including the world’s two leading cryptocurrency exchanges, Binance and OKEx.
Wozniak appeared at the Delta Summit event alongside Silvio Schembri, Malta’s Junior Minister for Financial Services, Digital Economy and Innovation, a key force behind Malta’s blockchain strategy.