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Apple caught blockchain development

12.07.2019 0 Comments


It’s impossible to argue that interest in the blockchain after the collapse of the cryptocurrency market has almost disappeared. True, this is true only for ordinary users, whose involvement in the topic was limited only by awareness of the current rate of tokens from the top ten and the desire for easy earnings. But large corporations are another matter. For example, Apple, who once saw the promise of a blockchain technology, does not seek to abandon it because of the now-over hyip.

Apple caught blockchain development


According to the US Securities and Exchange Commission, in Cupertino they are really working on the project of supplying raw materials for branded products, the basis of which should be the blockchain. The mention of this was found in the company's report to the department on ensuring human rights in the mineral supply chain. It was there that the reference to the Blockchain Handbook was discovered, which Apple is developing in the interests of the Responsible Business Alliance.

Apple's Blockchain

This is not the first mention of Apple’s interest in the development of the blockchain. Earlier, the United States Patent and Trademark Office published a patent filed on behalf of the company's engineers on how to create time stamps. The document mentioned the method of linking a part of information to a transaction in the blockchain, which thus would create a timestamp that could prevent any information from changing in the block, because of this all the other elements of the chain would become incorrect.

The use of the blockchain can significantly simplify Apple's interaction with suppliers by automating the process of fulfilling commitments and thereby facilitating business. This is due to the fact that the elements in the block chain are actually immutable, which means that it will not be possible to make adjustments to the smart contract without violating its integrity. It is not excluded, however, that in Cupertino there will be other applications for this technology, which – quite possibly – may also form the basis for future versions of iOS.

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