Apple co-founder Steve Wozniak jumps into the blockchain bandwagon

Apple co-founder Steve Wozniak revealed his involvement in the new blockchain startup Equi Capital, despite having previously compared the technology of the ledger distributed to the dot-com bubble.

According to Null TX, the technological personality best known as the Apple co-Project said in an interview at the ChainXchange convention blockchain in Las Vegas who is working with the startup in what will be his first involvement in a company based on blockchain.

"Our approach is not like a new currency or something fake in which an event will make it rise in value," Wozniak told the publication. "It's a share of shares in a company: this company is making investments from investors with huge track records in good investments in buildings like condominiums in Dubai."

Wozniak, who left Apple in 1985, added that there are potential plans to start Equi in Malta, and "some countries are very positive about [blockchain in] in the same way they were on electric vehicles."

Several months ago, at the NEX technology conference in New York, Wozniak said that the blockchain reminded him of the dot-com bubble of the Internet that caused a rise in online services between 1995 and 2000, before an inevitable accident .

"It was a bubble, and I feel so on blockchain," he said at the time.

In the past, Wozniak called "mathematical bitcoin" digital gold, but now he also said that Ethereum has the potential as a means of creating a vast ecosystem of apps.

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Despite it feels like a blockchain – rather than cryptocurrency – it's a bubble, an opinion that is often reversed, it seems that it is willing to give a distributed ledger technology after all .

During the interviewed Null TX, Wozniak said he did not understand the blockchain originally, but after further studying the concept, the light bulb went out.

"It's a bit like the Internet when it was brand new," said Wozniak. "I was amazed by the technology behind it: people start businesses that do other things in life, I met people working in the streets of real estate, types of Uber systems, everything we have in our lives, especially in transactions – retail sales, automobile sales, goods production … working on Bitcoin applications … and all have value. "

At the time of writing, the Equi website is not functional. However, according to a page cached on August 20, the launch aims to make investments more accessible, "giving access to opportunities that were previously only available to people with a high net worth, with vast investment networks" through a blockchain platform. [19659003] "The Equi platform is a secure, transparent and easy-to-remove web platform that opens the world to investment," says the startup, launched by the entrepreneur Ultima Michelle Mone and her partner Doug Barrowman.

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Platform users are able to invest tokens based on the same Ethereum system as venture capital.

However, the start has not had a regular run so far, and therefore the reported involvement of Wozniak seems to be an interesting choice.

Equi launched an Initial Coin Offering (ICO) at the start of this year that was canceled due to a lack of investor interest. At that time, Mone proclaimed that he was one of the "greatest experts in cryptocurrency and blockchain".

The project aimed to raise $ 75 million and required a minimum investment of $ 100,000 per participant, but failed to raise up to 10% of its target.

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However, the ICO of the entrepreneur was not only canceled, but a bounty hunt follow-up designed to save the project went bad.

The bounty campaign promised public promoters of Equine pawns in exchange for their work. However, the community management company hired by Equi severed the bonds shortly after launch and the participants would pay only a few dollars each, rather than a percentage of all tokens as originally promised, which was much more profitable.

ICO participants were reimbursed following the failure of the event.

ZDNet has contacted Steve Wozniak and will update if we resent.

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