Steve Wozniak Has Joined an Energy-Focused Blockchain Startup in Malta

The Apple co-founder has joined his second blockchain enterprise, one targeting more efficient use of energy.

AccessTimeIconJul 19, 2019 at 8:21 a.m. UTC
Updated Sep 13, 2021 at 11:12 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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."

As suggested, the Mediterranean island nation has been extremely proactive when it comes to blockchain. A year ago, its government passed a trio of bills relating to cryptocurrency and blockchain, aimed to attract businesses in the space.

The effort has been working, with notable crypto exchanges such as Binance and OKCoin now working in Malta.

The government has also been moving to adopt the tech in administration, developing a blockchain strategy, and putting the tech to use in storing academic qualifications and rental contracts.

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

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.


Learn more about Consensus 2024, 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.