In a recent filing submitted to United State Security Exchange Commission (SEC), Apple tech behemoth hints its participation in blockchain technology. Per the statement, Apple mentioned about its business practices as well as the ethics followed along with its interest in the blockchain sector.
Apple and Blockchain Tech
The Specific filing from Specialized Disclosure Report (SD) indicates the company’s conflict mineral to December report from January 01, 2018 to December 31, 2018. However, the document entitled ‘Summary of Apple’s Commitment to Responsible Sourcing’ explains Apple’s practice of upholding human rights for its various consumer electronic devices. Moreover, the document largely details about the company’s ethics with regards to internal and well as the relation with supply chain providers for its vast products including iPhone. Along with all such details, Apple did mention regarding ‘Blockchain tech guidelines’.
Screenshot from Apple’s SEC filing
In a filing submitted on Feb 15, 2019, Apple notes its participation across disrupted technology such as the tech giant has participated in the process of blockchain guidelines for the RMI, which is dedicated for the deployment of blockchain in the mineral supply chain due diligence. The draft of development of these guidelines for RMI was launched in March last year.
Besides this, the filing includes the details on Apple’s contribution to RBA (Responsible Business Alliance) mainly in the development of RBA’s Responsible Mineral Initiative. The press release notes ‘voluntary guidelines’ which came into the picture in late 2018. Although there wasn’t a hint in a Press release about Apple being involved in this process as a company member it is included in the company’s official page. As per the press, RBA’s 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.”
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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com