Saturday, February 4, 2023
Archived Post

Apple co-founder Steve ‘Woz’ Wozniak wants to transform the energy efficiency market

Apple co-founder Steve “Woz” Wozniak, is rolling out his second company, Efforce, which the goal “to transform and disrupt the energy efficiency market.”

Efforce is described as a marketplace that enables companies to undertake energy efficiency measures at no cost so that they can invest their liquidity in more critical tasks. It makes the energy efficiency market accessible to large and small investors alike — regardless of borders — who can then monetize the transferable energy savings.

“Energy consumption and CO2 emissions worldwide have grown exponentially, leading to climate change and extreme consequences to our environment. We can improve our energy footprint and lower our energy consumption without changing our habits. We can save the environment simply by making more energy improvements,” says Wozniak. “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.”

Here’s how Efforce purportedly works:

° Investors can participate in energy efficiency projects by acquiring tokenized future savings.

° Companies benefit from energy efficiency improvements at no cost and the resulting savings are written in real time on the blockchain. (A blockchain is a specific type of database. It differs from a typical database in the way it stores information; blockchains store data in blocks that are then chained together.)

° A smart contract redistributes the resulting savings to token holders and the companies without intermediaries based on exact consumption/savings data.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.