Apple + Blockchain A Sustainable Future

From JP Morgan launching its own cryptocurrency to Apple hinting at using blockchain, the behemoths of the world are moving into the market. Apple recently submitted a report to the U.S. Securities and Exchange commission titled the “Conflict Minerals Report; Summary of Apple’s Commitment to Responsible Sourcing.”

Date: 
February 21, 2019
Read time: 
2 minutes

Apple + Blockchain A Sustainable Future

Date: 
February 21, 2019
Read time: 
2 minutes

From JP Morgan launching its own cryptocurrency to Apple hinting at using blockchain, the behemoths of the world are moving into the market. Apple recently submitted a report to the U.S. Securities and Exchange commission titled the “Conflict Minerals Report; Summary of Apple’s Commitment to Responsible Sourcing.”

From JP Morgan launching its own cryptocurrency to Apple hinting at using blockchain, the behemoths of the world are moving into the market. Apple recently submitted a report to the U.S. Securities and Exchange commission titled the “Conflict Minerals Report; Summary of Apple’s Commitment to Responsible Sourcing.”

Our ambition is that one day we’ll extract nothing from the earth. (Apple)

In this meaty report, they hinted at a ‘blockchain team’ and the possibility of an Apple blockchain that would help Apple ethically mine minerals and other resources used in the production of their products. After all, they are a company priding themselves on their public persona. Ethically sourced components would certainly improve their persona.

The report did not detail any specifics about what the blockchain would do, how it might work, or any salacious tidbits. Nevertheless, even this small hint that global corporations are deeply integrated blockchain is both encouraging and telling.

Blockchain is becoming more than a buzzword. It’s becoming more than a hot new phrase companies tack on to increase shareholder value. With this report we see a global firm hinting at a serious use case for blockchain.

cryptomaniaks

The full quote reads:

“There are a lot of valuable materials inside old devices that are perfect for making new products. The challenge is that recovering them is extraordinarily complex and hard to do efficiently. And we want to return an equivalent amount of material to the market, to be used by us or others. Our ambition is that one day we’ll extract nothing from the earth.”

From this information, we can extrapolate that an Apple Blockchain could be used to track minerals, resources, and other materials used in the manufacturing process. Doing so would increase ethical sources -- and thus give Apple’s marketing team something to brag about.

Bottom line: if Apple is using blockchain for more than its ‘buzzword’ factor -- then this technology will soon gain mass adoption. The best way to prepare, of course, is to become educated on the matter. And what better place to begin than an Ultimate Blockchain 101 Guide.

Posted by R.R. Hauxley

R.R. Hauxley traveled around the world ... 1 year on 1 Bitcoin. 20 countries, 12 months, 1 Bitcoin. He wrote a book about it: Stolen Wallets and Where to Buy Them. Along the way he met and interviewed the sharpest, brightest minds in crypto today: Vitalik Buterin, Charlie Lee, and more. Today Rafael educates the crypto curious and delves further into the incredible world of blockchain.

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