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Apple helps draft blockchain rules for the Responsible Minerals Initiative



Of the million block-related stories that have been archived in recent years, relatively few have mentioned Apple, as the company has hardly taken up the subject despite many investor speculations. But a new Apple SEC filing today will be of least mild interest in cryptophan, as the company's otherwise dry Conflict Minerals Report notes that it has been working with Blockchain's Responsible Business Alliance's Responsible Minerals Initiative (RMI) policy.

Proprietary blockchain projects are already in use in the mineral supply industry to promote accounting review, but they are designed with relatively limited scope and definitions that will only serve specific companies. The Alliance explains that the guidelines are trying to activate multiple mineral blockchain projects to work together, first by creating common definitions for all stakeholders to use, and recommending the basics to be included at each stage of the mineral supply chain.

Since Apple's report is focused on its continuing commitment to using minerals that do not fund armed conflicts, it does not enter the details of its block chain work beyond noting that it participated in the initiative's "blockchain team", that is, was one of a potentially large number of organizations that provide input to the topic in question. RMI has over 350 member companies and associations, although Apple's report shows that it had leading roles last year: It represented the Alliance and earned from the RMI Steering Committee in 201

8.

Still, hope for you a wider blockchain story from Apple . It is clear from the submission that this is not a main priority for the company, which also participated in at least three other Alliance working groups in addition to its management responsibility. Earlier clues regarding Apple's possible use of blockchain, including a small reference in a December 2017 patent application, have so far not resulted in any greater consequence. At most, the company seems to be aware of and participate easily in cryptographic efforts without going much further than dipping its toes into the water.


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