Apple hints at blockchain development in SEC filing

Mackenzie Garrity - Print  | 

Apple detailed its involvement in various blockchain projects in a recently submitted Securities and Exchange Commission filing, leading some to believe the tech giant may soon develop its own blockchain-based services, according to Cryto Heroes.

In the SEC filing, Apple summarized its work with the Reasonable Business Alliance, a group of leading companies dedicated to improving the security and human rights conditions in mineral supply chains. Apple was responsible for drafting a part of the coalition's "Blockchain Guidelines."

Last year, Apple also chaired RBA's board and led various internal committees, working groups and blockchain teams. Apple is likely moving into the blockchain space to improve transparency and uphold human rights within the tech industry, Cryto Heroes suggests.

In the SEC filing Apple said it "is committed to upholding human rights across its global network of suppliers that support the manufacturing of its mobile communication and medical devices, personal computers, and related accessories," according to the report.

Over the past few years various Apple veterans have also joined blockchain and cryptocurrency startups, leading some experts to believe it won't be long before Apple ventures into blockchain as well, according to Crypto Heroes.

In the SEC filing, Apple did not disclose a timeline for blockchain development projects or whether it plans to roll out blockchain-related services soon.

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