Apple’s Steve Wozniak set to enter crypto space for the first time

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The man that helped build a computer empire is ready to take a step into the world of blockchains. Apple co-founder Steve Wozniak has announced that he is planning on getting involved in a blockchain project, adding that it’s going to his initiation into the space. Following comments such as blockchain being a bubble, it’s certainly a step in the right direction for the tech-savvy business leader.

Wozniak made the comments during the recent ChainXchange conference, held in Las Vegas last August 13-15. He said that he is going to be part of a blockchain startup and now sees how beneficial the technology can be.

“I’m involved with, very soon, my first time being involved in a blockchain company,” he explained. “Our approach is not like a new currency, or something phony where an event will make it go up in value. It’s a share of stock, in a company. This company is doing investment by investors with huge track records in good investments in things like apartment buildings in Dubai.”

Wozniak, who developed the Apple I computer in 1976 and was the lead designer of the Apple II the following year, further stated, “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 the early internet days.”

While he was elusive on the details of the endeavor (although he did hint in May of involvement in a Facebook competitor), it more than likely has some relation to Ethereum (ETH). Wozniak has compared ETH to the App Store, saying that both are similar in that they allow thousands of individuals and companies to create and run their own apps. He asserted, “Ethereum provides the tools for a blockchain application of your own… I see more people using Ethereum that way.”

In June, “Woz” told an audience at the NEX technology conference in New York that the blockchain is a bubble comparable to the “dotcom era,” adding that it could possibly be valuable in the future. He said at the time that the technology still needs to mature, stating, “It doesn’t change in a day, a lot of the blockchain ideas that are really good by coming out early they can burn themselves out by not being prepared to be stable in the long run.”