The Co-Founder of Apple Announced the Launch of His Own Blockchain-Based Project

interview with steve wozniak

Steve Wozniak, the co-founder of Apple, took part in an exclusive interview at the conference ChainXchange and talked about his attitude towards Bitcoin and cryptocurrencies in general and also shared his plans for the blockchain technology:

I like to keep up with things… Bitcoin caught my attention. It had so many unusual aspects for any technology I had ever heard of. Nobody is really known to be the creator. It doesn’t have any centralized [component]. It’s based on mathematics. There’s a certain number of Bitcoin that can ever exist… Mathematics to me is like nature. It’s much better than human beings… I trust those things of nature more than what man makes up. Man makes up currencies, controls them, issues new US dollars every year; Bitcoin was immune to that.

We want to point out that the famous American inventor, electronic engineer and programmer was not particularly interested in the subject of cryptocurrency in the fall of 2017 and even sold all his Bitcoins. Back then he found that cryptocurrencies only brought “anxiety”, but now, he seems to have learnt more things about the advantage of the blockchain technology:

At first I kept hearing [about blockchain], and I didn’t understand it. It’s not something you understand in a day. You think about it, read more about it and how it works, and then you see how people actually start to use it, through the mining process and also the verification and, aha! It all adds up!” said Wozniak.

After that, the co-founder of Apple made a sensational statement: he himself is going to start working with blockchain. According to him, this will happen “very soon”, the project is likely to be launched in Malta:

I’m involved with, very soon, my first time being involved in a blockchain company. [It’s] called Equi… Our approach is not like a new currency, or something phony where an event will make it go up in value. It’s a share of stock, in a company. This company is doing investment by investors with huge track records in good investments in things like apartment buildings in Dubai. We have one person in our group who has listed out a whole apartment building for Bitcoin… We might be starting up in Malta around the time of their blockchain conference. Some countries are very positive about [blockchain]the same way they were about electric vehicles.

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The Dark Times Are Facing Apple: What Will Happen to Its Sales?

According to the publication of The Street, one of the main suppliers of Apple, the Taiwanese chip-producing company TSMC, published the data on its profits and revenue in Q4 of 2018, which indicate that the sales volume of Apple keep falling.

Although the earnings of the company did rise to $9.4 billion, but the group revenues dropped by 14% and, as many people believe, will keep falling.

We remind you:

Apple Is Losing Its Customers in Mainland China

TSMC predicts that in the following years the situation will get worse and worse. The representative of the company mentioned:

Moving into first quarter 2019, we anticipate our business will be dampened by the overall weakening of the macroeconomic outlook, mobile product seasonality, and high levels of inventory in the semiconductor supply chain.”

Taking into consideration the reduction of demand for smartphones and the overall recession of the global economy, soon Apple will have to take measures to prevent massive money losses. The company is already planning to cut down the expenses for hiring employees in some departments.

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WWF Will Handle the Supply Chain with the Help of Blockchain

The Australian division of World Wildlife Fund has decided to integrate the blockchain technology into its supply chains in order to track down and store data on various kinds of food.

WWF partnered up with the company BCG Digital Ventures to create a blockchain-based platform called OpenSC and bring the plan into reality.

According to the official announcement of WWF Australia:

OpenSC enables businesses to track their products – anything from food to tissue paper – by adding a unique blockchain code at the product’s point of origin, such as the moment a fish is caught at sea.”

Moreover, OpenSC will allow its users to scan a special QR-code on the food they want to buy in order to see the information on a specific product: from its properties to how it traveled in the supply chain.

This is not the first time an organization or company of a global scale is turning to the blockchain technology. We remind you:

Ford Will Fight Child Labor in Africa Using Blockchain

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Is Bank of America Going to Cooperate with Ripple?

As we all know, the crypto market is still in a deep recession. The collapse of cryptocurrencies at the end of last year negatively influenced all coins, however, some of them suffer less than others.

One of such coins was Ripple. Not only did it manage to outrun Ethereum in the rating, its blockchain platform keeps being implemented widely by the world’s largest companies in various spheres.

We remind you:

Ripple: 13 Financial Institutions Have Joined RippleNet, Surpassing 200 Customers All Over The World

Recently, there appeared rumors on the Internet, saying that the second largest financial institution, Bank of America, might be considering forming a partnership with Ripple Labs and incorporating the blockchain technology into its system, according to Fintech News.

Currently, the bank is using SWIFT technology for international transactions, which proved to be quite inconvenient, slow and insecure.

It is still unclear whether Bank of America wants to fully apply Ripple technology or create a similar app, but its main intention is to let the customers make transaction between various banks in a safer and easier way.

Neither of the sides have officially commented on the matter so far.

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Ford Will Fight Child Labor in Africa Using Blockchain

According to the report made by Reuters, an American major car manufacturer Ford is partnering up with such giants as IBM, LG Chem and Huayou Cobalt to create a joint blockchain platform which will track down cobalt coming from Congo.

This project is aimed at helping children who are working at cobalt mines in Congo against their will and against any human rights.

The blockchain platform is going to analyze the supplies of cobalt coming from Congo to be later utilized to produce lithium-ion batteries (which can actually be found in Ford cars) and, if it is coming from mines where child labor is applied, make sure it never makes its way into the world market.

Moreover, the future plans in this direction involve using AI chemical analysis in order to identify cobalt from other metals in the supplies, since they often merge together naturally, making it impossible to distinguish between them.

This important step in fighting child labor in Africa has been in the making since the December of last year, however, the companies taking part in its implementation chose to keep it quiet until recently. The trials of the platform that will soon be conducted are going to track cobalt form Huayou mines to LG chemical plants and finally to Ford vehicles.

We remind you:

The UN Will Use Blockchain to Develop Healthcare in Africa

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Will NASA Be Using the Blockchain Technology?

The US National Aeronautics and Space Administration (NASA) is considering the blockchain hyperledger technology as a solution for the air traffic management.

According to a NASA researcher Ronald Reisman, blockchain could be crucial in dealing with security and privacy issues and prevent various kinds of cyber attacks, such as IP-spoofing.

The design innovation is the use of an open source permissioned blockchain framework to enable aircraft privacy and anonymity while providing a secure and efficient method for communication with Air Traffic Services, Operations Support, or other authorized entities,” he said.

Reisman is sure that NASA’s upcoming release, the Automatic Dependent Surveillance-Broadcast, which will be out next year, is not equipped sufficiently to protect all the data that needs to stay classified.

Blockchain, with its smart contracts technology, certificate authorization and many other unique features, could potentially solve all of issues mentioned above. However, it is still unclear whether NASA will follow the suggestion of its researcher.

We remind you:

The U.S. Department of Energy Is Going to Finance Blockchain-Based Projects

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The CEO of Circle Believes That a Clearer Policy of the SEC Will Cure the Crypto Industry

The CEO of the project Circle, backed up by the major bank Goldman Sachs, Jeremy Allaire started a thread on Reddit together with his co-workers, where they debated the accomplishments of the company in the recent time, talked about prospects for the future and discussed the overall situation on the crypto market.

According to the representatives of Circle, one of the main issues with crypto in the US is the lack of regulatory framework and, most importantly, the inability of the Securities and Exchange Commission to clearly define cryptocurrencies as belonging to a particular type of assets.

We remind you:

The SEC: Unlike ICO Tokens, Bitcoin and Ethereum Can Not Be Securities

There absolutely needs to be more regulatory clarity to really make this fly — in particular around who can issue these, how they can be stored and transmitted, and what markets can allow their trading. There’s a lot of attention on this and we absolutely expect to see these issues resolved and for far more real world experiments to hit the markets this year,” said Jeremy Allaire.

Also, the CEO of Circle claimed that the US should follow the example of France and have a separate kind of taxation for crypto-to-crypto transactions.

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