Apple Hints at Behind-the-Scenes Blockchain Work in New SEC Filing

A new SEC filing from Apple offers a few clues about the tech company's work with blockchain, specifically in the supply chain area.

AccessTimeIconFeb 15, 2019 at 4:15 p.m. UTC
Updated Aug 18, 2021 at 10:46 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Apple has submitted what might seem like an arcane filing with the Securities and Exchange Commission (SEC) – but the document contains tantalizing details about the computing giant's interest in blockchain tech.

The document – entitled "Summary of Apple’s Commitment to Responsible Sourcing" – details the company's commitment "to upholding human rights across its global network of suppliers that support the manufacturing of its mobile communication and media devices, personal computers, and related accessories." Making note of both its internal work on this front as well as its relations with supply chain providers, the document is largely a description of Apple's efforts to ethically source materials for its popular products like the iPhone.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • Notably, however, the Feb. 15 filing makes mention of Apple's involvement in the drafting of "Blockchain Guidelines" for the Responsible Business Alliance's Responsible Minerals Initiative. According to an RBA press release, those "voluntary guidelines" were published in mid-December of last year and "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." The press release makes no mention of Apple's involvement, but the tech firm is listed as a "Company Member" on the effort's official web page.

    The SEC filing also notes that in 2018, Apple chaired the board of the RBA and participated in a number of its internal committees and working groups, including "the blockchain team."

    When iChain?

    These details aside, the filing doesn't touch on what Apple-watchers might most want to know: whether the Cupertino colossus is on the cusp of joining the growing ranks of tech giants that are offering some form of blockchain-related service. Specifically, if Apple is working on some kind of supply chain-focused solution, it hasn't (yet) shown its cards.

    A request for further information about Apple's work with the RBA was not returned by press time.

    As Fortune's Jeff John Roberts wrote in December, the question of whether Apple will take the proverbial plunge is an active one, with many in the industry contending that "it’s going to take a tech giant like Apple to make blockchain payments work at scale."

    There is demonstrable interest internally, to say the least. The crypto space has seen Apple veterans join industry startups, and in December 2017, as CoinDesk reported at the time, a published patent filing from Apple detailed a proposed program to certify timestamps by combining aspects of blockchain technology with Public Key Infrastructure (PKI).

    Apple CEO Tim Cook image credit: John Gress Media Inc / Shutterstock.com

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



    Read more about