Apple co-founder Steve Wozniak has joined a Malta-based blockchain enterprise targeting more efficient use of energy.
Speaking at an event on the island Thursday, Wozniak said he has invested in the EFFORCE project – which enables investors to back energy efficient projects around the world – and become a co-founder.
According to the Malta Independent, Wozniak explained that the firm aims to bring money savings on energy, but also help the environment, a factor he said was important to him.
Blockchain, he continued, will bring improvements to energy use and reduce consumption without consumers needing to change their habits.
Wozniak also said the Maltese government's enthusiasm for blockchain was a key factor in the company setting up shop there.
The startup's other co-founder, Jacobo Visetti, said Malta "was the most open-minded country we could find in the world in terms of new technology."
The effort has been working, with notable crypto exchanges such as Binance and OKCoin now working in Malta.
Wozniak first got involved with blockchain companies last August, when he joined investment-focused crypto startup Equi Capital.
He said at the time that he “was amazed at the technology behind [cryptocurrency].”
Steve Wozniak image via Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.