Tech Giant Apple Files Patent on Blockchain

Even with the current political climate of the world, this month keeps getting better and better for the blockchain industry and the people associated with it.

Following the news from Gibraltar and France to validate blockchain according to their individual approach, the latest world influencer to look into blockchain as a valid technological development is none other than the tech giant that we all know as Apple Inc.

Last week, information published by the US Patent and Trademark Office explained that Apple is serious in using blockchain as an integral part of one of its core backend processes.

The patent that has filed is in regards to timestamp verification and will reportedly use a three-step process to validate the reporting, maintenance, and validation of timestamps.

One of the sections of the published documentation initially describes the first two scenarios related to server verification, before moving on to explain how blockchain would play a very important part in this timestamp verification system by using distributed ledger technology (DLT).

The excerpt from the filing reads:

“In a third scenario, the new time is posted to a blockchain ledger. The new time becomes part of a blockchain when a miner solves the hash puzzle related to the new block holding the transaction indicating the new time.  Because of distributed consensus, attempted alteration of the blockchain by a malicious node in terms of the time value will be detected by honest nodes. In the third scenario, a maliciously-altered block in the blockchain will not be recognized by the device and will not be recognized by the SE and thus a bogus time value will not corrupt the state of the SE.”

Simply speaking, this means that Apple recognizes how DLT and blockchain could work in verification of data while negating the possibility of any errors, because the information using the DLT will be updated all at once, across all relevant platforms.

Different perspective

It’s like you and your coworkers are working on the same document over an online server.

– If one of you makes any changes to the document, those changes are reflected for the other party instantaneously.

– This also means that in case any of you wants to check any changes, you will always refer to the online copy and not the outdated one saved on one of your hard drives (that is, if you even keep it there).

That, to an extent, defines how DLT works along with its blockchain support.  Apple is going for the same methodology to ensure that the information its servers need to turn to is always up to date.

How Apple’s system could be a big step for future technological usage of blockchain

So far, the innovation of blockchain is largely associated with financial institutions, and even more so with cryptocurrencies.

Apple’s exploration of blockchain utilization in a non-financial capacity, while not something new, is significantly influential as it could cause other non-financial companies to explore blockchain to simplify their own day to day processes.

Along with blockchain, Apple intends to use “secure element” (SE) data processing system and “Public Key Infrastructure”.

The combination of these technologies put together not only creates the possibility of a highly innovative system that is bound to provide accurate information, but the added security that comes from the amalgamation of these processes will be one to behold.

It will be interesting to see how other companies within the same industry react to this news, and if any of them will attempt using blockchain in another capacity.

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By | 2017-12-17T04:12:51+00:00 December 17th, 2017|News|0 Comments

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