US-based tech giant, Apple, hinted at blockchain development in its recent Securities and Exchange Commission (SEC) filing. The document, submitted on Friday, February 15, contains tantalizing details about the company’s interest in blockchain technology.
Apple involved in blockchain projects
The SEC document titled “Summary of Apple’s Commitment to Responsible Sourcing” details Apple’s involvement in some blockchain projects over the years. The tech giant was involved with Responsible Business Alliance (RBA), a coalition of leading companies dedicated to improving the security and human rights conditions in their mineral supply chains. Apple took part in the drafting of ‘Blockchain Guidelines’ for RBA’s Responsible Minerals Initiative.
According to an RBA press release, “the voluntary guidelines 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 release made no mention of Apple’s role, but the company is listed as a “Company Member” on RBA’s official web page.
Apple played other vital roles in RBA’s operations last year. The tech giant chaired the board of the RBA and participated in a number of the effort’s internal committees and working groups, including the blockchain team, according to the SEC filing.
The main reason Apple could be looking to venture into blockchain is due to its strong desire to boost transparency and uphold human rights in its industry. Apple said it “is committed 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.”
No date for Apple’s blockchain entry
Apple did not disclose whether it will be rolling out blockchain-related services soon, despite detailing its involvement in some blockchain projects. If the company is developing some kind of supply chain-focused solution using blockchain, it hasn’t made that known.
There are some who believe that for large scale blockchain adoption to take place, big companies like Apple will have to venture into the industry. Fortune’s Jeff John Roberts wrote in December that “it’s going to take a tech giant like Apple to make blockchain payments work at scale.” With some Apple veterans joining crypto startups over the years, it might not be long before the tech giant ventures into the emerging market.