Apple co-founder Steve Wozniak has launched Efforce, a company that facilitates investments in energy efficiency projects via cryptocurrency and blockchain technology.
The company aims to be a marketplace to streamline the process of financing and undertaking energy efficiency projects by enabling them to receive crowd contribution from investors via its token WOZX, which was listed on Thursday through hbtc.com.
Efforce claimed the listing has increased Efforce’s market value tenfold to $950 million. The token will also be listed next week on South Korea-based crypto exchange Bithumb Global.
According to the company, energy services companies (ESCOs) tend to have limited access to capital since they often are unable to turn to traditional banking channels as banks lack the technical expertise to properly assess the return on investment.
ESCOs can register energy efficiency projects with Efforce and it will validate the projects, and evaluate their investment needs, calculate…