The co-founder of Apple, Steve Woznack announced that he plans to get involved in blockchain and what it offers in a move that is highly touted to change the way the market will see this technology. He made the statement at the ChainXchange blockchain AI innovation conference, and the news was picked up and reported by NullTX news a few hours ago.
The conference was held in Las Vegas from August 13 to August 15; the co-founder revealed in a highly publicized interview that he plans to be part of a blockchain start-up, applauding the role of the technology in shaping transactions around the world.
He attributed the need for involvement due to the versatility of the technology as well as the realistic value of the currency. He equated the technology to a share of stock in a company. In this case, the company has a good track record with good returns, likening the investment to owning apartments in Dubai.
He also said the technology has a lot of value because it goes beyond speculation. He also said he expects the technology to get more application in future, though it is yet to be fully exploited.
He went ahead to say:
“It’s so independent! It’s 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 early internet days.”
The CEO didn’t go into details about the project, nor his nature of involvement. However, this support means a lot and it promises that with Wozniak on the bandwagon, the initiative is set to enjoy a higher level of credibility.
Will He Invest In Ethereum?
He finished off the session by comparing the versatile Ethereum blockchain as a kind of Apple’s App Store. The two platforms allow millions of companies to come up with applications and showcase them to millions of users. The only difference is Ethereum is decentralized, while Apple is more centralized.
He goes on to state:
“Ethereum provides the tools for a Blockchain application of your own… I see more people using Ethereum that way.”
So, it remains to see what blockchain he chooses to invest in because that wasn’t so clear from the talk.