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Apple going to launch its own blockchain soon?

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Let's discuss the recent activities made by Apple which enable us to think that this company is working on blockchain technology behind the scenes.

Bitcoin technology has created some wonders in the finance market. The craze of participation in bitcoin and blockchain technology by companies is increasing day by day. The success of these new technologies has enabled some huge companies to work and participate. Recently, JP Morgan, one of the largest financial firms in the United States also announced the launch of its stablecoinNow everyone is doubting when the tech giant Apple would launch anything related to the blockchain. Is Apple working on Blockchain technology behind the scenes? In this article, we would discuss some of the recent activities made by Apple which enable us to think that this company is working on blockchain technology behind the scenes.

 

1. 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.

 

2. Also, 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.

 

3. Apple has also filed a patent with the United States Patent and Trademark Office. In this patent of 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.

 

4. Competitions from other tech competitors: Slowly but for sure, many huge companies are taking interest in blocking technology. For example, Microsoft is entering in this domain by collaborating with Bakkt, Facebook just acquired a crypto company called Chain space and even the CEO of Twitter admitted to having some bitcoins and called this market as a market of future. Now, we all are aware of the competitions between these tech giants. While, one is entering in the blockchain technology, as per the perspective of competitions, the fact can’t be ignored that others would be in process of some other project in the domain. Since all other competitors of Apple are working on blockchain technology, it can be assumed that there would be some project in the mind of the blockchain team of Apple for sure.

 

With the above-mentioned points, it could be assumed that we can soon find one of the largest mobile and laptop brand, Apple launching a product based on blockchain technology or in partnership with any organization in the crypto space. If either of the predictions gets true, it would be a very positive move by Apple for the rising of crypto space as well. So, we can conclude that Yes, Apple is working on blockchain technology behind the scenes.

#Blockchain

Adoption: Courts in France adopt blockchain technology

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The NCC or National Council of Clerks of France have finally tested a blockchain technology-based solution for the courts of the country.

The NCC or National Council of Clerks of France recently made an announcement that they have finally tested a blockchain technology-based solution for the courts and are now prepared to launch it throughout France. The National Council of Clerks is a representation of the clerks of the corporate and commercial registry in around a hundred thirty-hour workplaces in France. The workplaces depend upon one another for sharing important data.

 

The goal of NCC France

The NCC is determined to streamline and position the latest information technology that capitulates something that is known as ‘the single version of the truth’. The data tracks an organization’s growth, dissolution, change of location etc. The sharing of data amongst each other was earlier a big challenge for the NCC.

 

The project based on blockchain technology had an aim of rapid cycle times and precision of information. In the pilot phase of the project, the National Council of Clerks in France was able to lessen the timing of registry operation involving a lot of days to just one day.

 

According to the president of France National Council of Clerks, Sophie Jonval, the project based on blockchain technology is an outcome of the partnership with IBM. IBM who is already an expert in blockchain technology and cryptography has been serving as a technological partner.

 

According to the NCC, the project shall be rolled out in the 1st half of 2019 and the project shall ensure a transparent and improved dynamics of the interactions between the clerks.

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HSBC Bank Looking to Expand Blockchain Platform Voltron in South Korea

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HSBC, the largest bank in Europe is searching for banks in South Korea for launching Voltron, it's blockchain platform as reported by the Korean Times.

HSBC, the largest bank in Europe is searching for banks in South Korea for launching Voltron, it’s blockchain platform as reported by the Korean Times.

 

HSBC Voltron:

The Voltron platform delivers a more quick method to process and settle invoices using by using permissioned blockchain technology. The permissioned blockchain stops the transactional data from being shared with everyone but instead, the data is shared with only consented users. The platform decreases the time that is usually required for the total process.

 

According to Joshua Kroeker, the innovation director of HSBC, the platform would mostly impact the process timing. Thus the transparency which comes with blockchain, as well as the rapid flow, would help the banks in managing their working capital as well as their cash flows. Kroeker reached out to the banks in South Korea to partner with their blockchain platform i.e. Voltron for the letters of credit.

 

HSBC’s blockchain platform was initiated in 2018 and is currently partnered with seven banks namely Standard Chartered, Bangkok Bank, BNP Paribas, ING, CTBC Holding, SEB, and NatWest. The platform is still in its pilot stage however, it shall soon be launched commercially.

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World’s biggest Blockchain ETF on London Stock Exchange

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The world's biggest blockchain ETF is scheduled to be launched by Invesco on the London Stock Exchange by Invesco, a large investment management company.

Cryptocurrency enthusiasts around the world have been curiously waiting for a bitcoin ETF to be approved by the SEC or any other potential government in the world. However, before a bitcoin ETF, the world’s biggest blockchain ETF is scheduled to be launched by Invesco on the London Stock Exchange. Invesco is a large investment management company that has more than $800 billion in assets under management.

 

World’s biggest Blockchain ETF

At the launch, the Blockchain ETF will invest in a portfolio of forty-eight companies including the CME Group, a US exchange which had earlier launched bitcoin futures on the exchange and Taiwan Semiconductor Manufacturing, a company that supplies crypto mining machines. Other companies are those that have an exposer to the blockchain technology.

 

The Blockchain ETF will be based on a proprietary scoring system made by Elwwod Asset Management LLP. According to Bin Ren, the chief executive officer at Elwood, the blockchain goes past cryptocurrencies. He mentioned that although blockchain technology is mostly being used by financial companies, it will be implemented in a vast range of industries soon.

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