Apple’s Blockchain Interest Leads to New SEC Filing

In Technology
SEC

More and more companies including tech giant, Apple Inc., are hopping onto the blockchain bandwagon.

Apple Inc. has recently filed a document revealing its interest in blockchain technology with the Securities and Exchange Commission (SEC). Titled, “Summary of Apple’s Commitment to Responsible Sourcing”, it describes the giant firm’s dedication “to champion human rights throughout its chain of suppliers around the world that bolster the production of its mobile broadcasting and media devices which also include personal computers and accompanying accessories.”

Moreover, the document detailed the company’s endeavor to responsibly acquire materials for its well-known products such as the iPhone. Apple will not use minerals that finances armed groups in conflict regions. The company will focus on bringing higher supplier ethics in the mining of essential minerals for its major technologies such as cobalt.

The flagship smartphone manufacturer’s filing on February 15 mentioned Apple’s participation in the outlining of “Blockchain Guidelines” for the Responsible Business Alliance’s Responsible Minerals Initiative (RMI). Currently, the RMI accommodates over 300 companies that are committed to change present mechanisms.

As stated by the Responsible Business Alliance’s (RBA’s) press release, the voluntary guidelines were made public in the middle of December 2017 and embodied a primary industry effort to denote a regular set of principles, aspects, and interpretations for the administration of blockchain technology to boost mineral supply progression for the industry. Although Apple’s participation was not indicated by the press, it is still registered as a “Company Member” on their official web page. Also, according to the SEC filing, the tech company presided on the RBA board and has become involved in a couple of its internal committees, such as working groups which include the “the blockchain team.”


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