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Why Apple’s Co-Founder Steve Wozniak Is Attracted to Blockchain?

Why Apple’s Co-Founder Steve Wozniak Is Attracted to Blockchain?

Steve Wozniak, co-founder of Apple, could not resist in entering the blockchain technology space for the first time. Though it is a well-known fact that he is a supporter of the emerging technology, he declared his intention of involving with a blockchain project for the first time. He made his intention known to everyone during the ChainXchange blockchain conference recently. This demonstrated that it could continue to attract not only industries but even technocrats.

Gains of Technology

During the conference held in Las Vegas, the co-founder of Apple indicated his intention of participating in a startup powered by blockchain technology, according to a cointelegraph report. He took the opportunity to praise the gains of the new age technology that is gaining more attraction. Wozniak indicated that he is getting involved very soon with a blockchain firm for the first time. At the same time, he clarified that the objective is not to create a fresh currency.

Similarly, he does not want to get involved in anything that is phony. This meant that he is not interested in any event that could drive up in terms of value and stated that it is nothing but a share of stock in an enterprise. According to him, this company is making an investment by investors that come up with big track records as far as good investment tactics are concerned. He pointed out that investments could include such as apartment building in the Middle-East region’s Dubai.

Apple co-founder has explained further about the emerging technology stating that it is an independent one. He said, “It was kind of like the internet when it was brand new… I was amazed at the technology behind it. <…> I’ve encountered people working in real estate avenues, types of Uber systems, everything we’ve got in our life, especially involving transactions <…> Every single one you hear about, to me, has value…. A few people can see the value, which reminds me very much of the early internet days.”

Wozniak has taken the opportunity to compare the platform of ethereum with that of Apple’s App Store. One of the common features of both the platform is enabling thousands of individuals and enterprises to not only create but also run their own apps. He pointed out that ethereum is offering enough tools for developers to create their own blockchain applications. As a result, he could see a number of people using it.

Tech Bubble

A few months ago, Apple co-founder had branded blockchain technology as nothing but a “bubble.” This is despite the fact that it is a trustworthy, as well as, decentralized platform. That suggested that he had an ambiguous stance as far as the emerging technology was concerned. However, his opinion has changed now and even entered it.

In spite of having a different opinion, he did not fail to express his admiration towards bitcoin previously. In fact, he joined Jack Dorsey, CEO of Twitter, in stating that the digital currency could become a single biggest currency in about a decade’s time.

About the author

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Maria Rivera

Maria founded Poontru with an aim to bring relevant and unaltered news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research. With ample knowledge about the business industry, Maria also contributes her knowledge for the business section of the website.

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