Apple’s Steve Wozniak Launches Blockchain Firm in Malta
Steve Wozniak, the co-founder of Apple has launched EFFORCE, a Malta-based startup that’s looking to use distributed ledger technology (DLT) to improve energy use and lower consumption, reports Independent on July 18, 2019.
“Woz” Launches EFFORCE in Malta
Per sources close to the matter, Steve “Woz” Wozniak, the renowned American electrical engineer and computer programmer that co-founded Apple in 1976, has co-founded Efforce, a blockchain-based energy startup in crypto-friendly Malta.
Present at the pre-launch of the DELTA Summit on July 18, 2019, Woz revealed that he has always nursed the idea of investing in the tiny Island nation and Efforce is an investment methodology that brings that dream to life.
According to Wozniak, efficiency has always been important to him and Efforce will focus on using blockchain technology to provide clean, and cost-efficient energy.
The 68-year-old inventor also made it clear that the project will enable users to save money on energy while also doing the environment a lot of good.
In his words:
“Blockchain will revolutionize the way we use energy and lower consumption significantly without changing our habits.EFFORCE has a unique business model and we can have a great impact on entrepreneurship.”
Excellent Government Support
Interestingly, Woz, who hinted that he’s been planning to live in the island nation for decades now, like no other place in the world, praised the Maltese government for being receptive to the nascent blockchain technology.
He made it clear that the government’s willingness to invest in DLT made Malta the country of choice for the launch of EFFORCE.
Also present at the occasion was Malta’s Parliamentary Secretary, Silvio Schembri, who revealed that the government has always had a strong desire to embrace new technologies and transform the way things are done in the region.
Schembri further noted that Malta believed in the potentials of blockchain technology even when other world governments were wary of cryptos and the underlying technology.
The politician has declared that the government is determined to provide a better life for its citizens and it’s now collaborating with the University of Malta to introduce courses on investment technologies in the school.
Schembri firmly believes that these new modules will help to raise forward-thinking innovators who will “disrupt the status quo.”
In related news, BTCManager informed earlier in June that Malta’s Prime Minister, Joseph Muscat had given the directive for all rental contracts for property to be stored on the blockchain, to improve security.