Apple’s Affinity with Blockchain Just Got Stronger as Latest SEC Filing Suggests Mutual Attraction #WheniChain
Could Apple Be Working on Their Own Blockchain Project? SEC Filing Suggests That They May Be!
Apple is one of the biggest tech companies that is always working towards innovation. Considering how popular blockchain technology is becoming nowadays, it should not come as any surprise that the company may be pursuing this form of innovation as well. A new filing was recently submitted by Apple to the Securities and Exchange Commission (SEC) includes some interesting information about blockchain technology.
The document is titled “Summary of Apple’s Commitment to Responsible Sourcing,” and it discusses the continual commitment that Apple makes “to upholding human rights across its global network of suppliers that support the manufacturing of its mobile communication and media devices, personal computers, and related accessories.”
Considering the relationships with supply chain providers noted, along with the internal work on this network, there is a possibility that the description implies Apple’s efforts to create ethical sources for their product creation.
One of the big points of focus in the filing is the involvement in “Blockchain Guidelines” for the Responsible Business Alliance’s Responsible Minerals Initiative. A press release from the RBA states that the guidelines, which were done voluntarily, came out in mid-December, and they
“represent a first industry effort to define a common set of principles, attributes, and definitions for the application of blockchain technology to support mineral supply chain due diligence.”
Curiously, even though Apple is listed on the official RBA website as a “Company Member,” the press release does not mention them at all.
During the SEC filing, there was also a note about Apple’s rolling in chairing the board at RBA in 2018. At the time, Apple engaged in many of the internal committees and working groups, which including participation in “the blockchain team.”
Still, even with all of these details, there isn’t much information on if Apple is actually about to join the blockchain industry with some type of service. More importantly, it does not answer whether Apple is trying to create a solution for their services that involves blockchain. Despite requests being sent for more details from Apple, additional information has not been made available.
The question of if Apple intends to enter this market remains unanswered, as Fortune’s Jeff John Roberts pointed out in December. However, there are plenty of hints to suggest that there’s at least interest. Multiple former employees of Apple have been joining startups, and even in December 2017, Apple filed for a patent that would allow them to combine Public Key Infrastructure (PKI) and blockchain technology to certify timestamps.
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