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Wozniak-Backed Blockchain Project Efforce to Back Energy-Efficient Projects
HomeNewsWozniak-Backed Blockchain Project Efforce to Back Energy-Efficient Projects

Wozniak-Backed Blockchain Project Efforce to Back Energy-Efficient Projects

News Desk
News Desk
January 31st, 2023
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Steve Wozniak, Apple’s co-founder, is dedicated to developing a new blockchain project called Efforce. With the purpose of funding energy-efficiency projects, Efforce launched its token WOZX on HBTC.com, a 100 per cent token holder-owned trading platform.

After success with Apple, Wozniak was attracted to the technology of blockchain and use of cryptocurrencies. As a believer in blockchain industry and cryptocurrency economics, Wozniak and other industry veterans founded the energy-efficiency company Efforce. Efforce is a blockchain-based energy saving platform which provides an innovative way for companies to fund energy-efficient projects and save energy expenses. Launching a token named WOZX, Efforce allows contributors to fund energy efficiency projects by investing in WOZX and be repaid in tokens representing the energy savings achieved.

The energy efficiency market has always been too complex for retail investors. However, with Efforce, anyone interested in energy projects can easily access the market, while companies who wish to implement solutions will be able to negotiate directly with consumers or contributors in the open market. 

Tokenization will play an important role in this process. With the issuance of WOZX, a contractual relationship between contributors and companies seeking funds for energy projects is formed, allowing contributors to participate directly in the savings generated through the projects.

“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,” stated Wozniak. 

The goal is to decentralize the $241 billion energy financing market, much as Apple aimed at in popularizing personal computing. The most important part of Efforce’s project, the WOZX, has been carefully designed and issued. The Wozniak team chose HBTC.com to first launch the WOZX. The cooperation was a natural choice given HBTC’s superior technology and industry-leading trading experience.

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