Apple has submitted what would possibly seem to be an arcane submitting with the Securities and Exchange Commission (SEC) – however the doc incorporates tantalizing particulars concerning the computing big’s curiosity in blockchain tech.
The doc – entitled “Summary of Apple’s Commitment to Responsible Sourcing” – particulars the corporate’s dedication “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.” Making notice of each its inside 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 in style merchandise just like the iPhone.
Notably, nevertheless, the Feb. 15 submitting makes point out of Apple’s involvement within the drafting of “Blockchain Guidelines” for the Responsible Business Alliance’s Responsible Minerals Initiative. According to an RBA press launch, these “voluntary guidelines” have been revealed in mid-December of final 12 months and “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.” The press launch makes no point out of Apple’s involvement, however the tech agency is listed as a “Company Member” on the trouble’s official internet web page.
The SEC submitting additionally notes that in 2018, Apple chaired the board of the RBA and took part in numerous its inside committees and dealing teams, together with “the blockchain team.”
These particulars apart, the submitting doesn’t contact on what Apple-watchers would possibly most need to know: whether or not the Cupertino colossus is on the cusp of becoming a member of the rising ranks of tech giants which are providing some type of blockchain-related service. Specifically, if Apple is engaged on some type of provide chain-focused resolution, 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 giant like Apple to make blockchain payments work at scale.”
There is demonstrable curiosity internally, to say the least. The crypto area has seen Apple veterans be a part of trade startups, and in December 2017, as CoinDesk reported on the time, a broadcast patent submitting from Apple detailed a proposed program to certify timestamps by combining facets of blockchain know-how with Public Key Infrastructure (PKI).
Apple CEO Tim Cook picture credit score: John Gress Media Inc / Shutterstock.com