Key signs that show Apple’s strong interest in blockchain and cryptocurrency


There’s been a lot of rumors going on with major enterprise companies entering the blockchain space. Recently, JP Morgan, one of the largest financial firms in the United States also announced the launch of its stablecoin.

Just a little while back, there were rumors that Amazon might launch their own cryptocurrency. Is Apple working on Blockchain technology behind the scenes? We’ll quickly go over some of the key signs that hint Apple’s strong interest in blockchain and cryptocurrency.

Apple’s filing with SEC

Recently, Apple has submitted a filing with the SEC i.e. Securities and Exchange Commission and it is assumed that this document contains the details about the interest that this huge organization is working on blockchain technology. We all are aware of the role that SEC plays in blockchain technology. Recently, SEC restricted the ICO for the security reasons and the birth of STOs projects was the result of this restriction. With the submission of the filing by Apple with the SEC, the rumors of Apple entering the crypto space has also become a topic to discuss. And with this news, it can’t be ignored that there is some plan in the idea of Apple company which is related to Blockchain technology and if this happens, it could be a catalyst for the crypto space in its bear market.

Apple’s patent filing

Apple has also filed a patent recently with the Trademark office. In this patent application, Apple mentions creating an application which could certify the timestamps using the famous blockchain technology. As per Apple, this application can be used to create as well as storing the timestamps using the blockchain to protect sensitive elements such as SIM used in mobile phones or microSD that contains the credential and information of a person if any single node is hacked by some measure.

This patent and application clearly clarify that this tech company is taking a huge interest in blockchain technology. If this patent gets cleared by the concerned committee, then it would be the first product of the Apple organization which supports blockchain technology in any means.

Possible internal meetings regarding blockchain

There is news that the company chaired the internal committee and the board of RBA in 2018. The special thing about this meeting was the presence of the blockchain team. The inclusion of the blockchain team in this meeting has to lead many to assume and think that maybe the main aim of this meeting was somehow related to blockchain technology. Many trade analyst predicts that some important topics and projects related to the blockchain technology could have been discussed. And with news, the predictions and rumors that Apple is working on blockchain technology behind the scenes can’t be ignored.

While all the major points mentioned above are just predictions, all of them show strong signs that Apple is indeed looking into blockchain technology. Most people would guess it’s somewhat related to in app purchases and instant payments for developers.

 


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Samuel Tan

Samuel Wan has been an analyst and cryptocurrency evangelist for the last few years. Previously he worked as a consultant for a Big 4 consulting firm and is passionate about how blockchain will make an impact in the world. You can contact Sam at s@cryptomenow.com

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