Apple Hints at Behind-the-Scenes Blockchain Work in New SEC Submitting


Apple has submitted what would possibly look like an arcane submitting with the Securities and Change Fee (SEC) – however the doc incorporates tantalizing particulars in regards to the computing large’s curiosity in blockchain tech.

The document – entitled “Abstract of Apple’s Dedication to Accountable Sourcing” – particulars the corporate’s dedication “to upholding human rights throughout its world community of suppliers that help the manufacturing of its cell communication and media units, private computer systems, and associated equipment.” Making observe of each its inner work on this entrance in addition to its relations with provide chain suppliers, the doc is essentially an outline of Apple’s efforts to ethically supply supplies for its well-liked merchandise just like the iPhone.

Notably, nonetheless, the Feb. 15 submitting makes point out of Apple’s involvement within the drafting of “Blockchain Pointers” for the Accountable Enterprise Alliance’s Accountable Minerals Initiative. In line with an RBA press release, these “voluntary pointers” have been printed in mid-December of final yr and “signify a primary trade effort to outline a standard set of ideas, attributes and definitions for the appliance of blockchain know-how to help mineral provide chain due diligence.” The press launch makes no point out of Apple’s involvement, however the tech agency is listed as a “Firm Member” on the hassle’s official web page.

The SEC submitting additionally notes that in 2018, Apple chaired the board of the RBA and took part in a lot of its inner committees and dealing teams, together with “the blockchain crew.”

When iChain?

These particulars apart, the submitting doesn’t contact on what Apple-watchers would possibly most wish to know: whether or not the Cupertino colossus is on the cusp of becoming a member of the rising ranks of tech giants which might be providing some type of blockchain-related service. Particularly, if Apple is engaged on some sort of provide chain-focused answer, it hasn’t (but) proven its playing cards.

A request for additional details about Apple’s work with the RBA was not returned by press time.

As Fortune’s Jeff John Roberts wrote in December, the query of whether or not Apple will take the proverbial plunge is an lively one, with many within the trade contending that “it’s going to take a tech large like Apple to make blockchain funds work at scale.”

There’s demonstrable curiosity internally, to say the least. The crypto area has seen Apple veterans join trade startups, and in December 2017, as CoinDesk reported on the time, a published patent filing from Apple detailed a proposed program to certify timestamps by combining features of blockchain know-how with Public Key Infrastructure (PKI).

Apple CEO Tim Prepare dinner picture credit score: John Gress Media Inc / Shutterstock.com



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