There is news, and there is big news. But, Apple has come up with something magnanimous this time. Steve Wozniak, the co-founder of Apple, has announced that Apple will be involved in its very first blockchain project. This is a small step towards the vast field of blockchain technology, but he believes that it will take Apple to places. The announcement was first reported by NullTX news site on August 19. Steve Wozniak was present at the ChainXchange blockchain conference where he dropped this big news about Apple. As mentioned in the press conference, it is the first time that Steve will be a part of any blockchain company.
Briefs on the Crypto Project
He went on to say that Apple’s approach to blockchain will not be like any other new currency or something that will need a specific event to make its value go up. It is going to be just a share of stock in one of the companies. He has assured that Apple will only work with investors that have the best track records in investments. The Apple co-founder expressed about his fascination with blockchain technology and how he was always eager to try it out. His view on the technology is quite a charming one. He likes how the system is so independent. It is like the days have rolled back to the time when the internet was brand new. The ease of transaction is what will benefit everyone and that is something that traders had been looking for all this while.
Since this is the first time that Apple is going for a full-fledged dive into digital currency, Wozniak was heard mentioning that the company would also like to look into Bitcoin Loophole and similar crypto trading apps that will enable traders and crypto enthusiasts to trade directly from their mobile phones. He pointed out that the crypto project will be launched in Malta. The fact that the crypto apps have already taken strides in the iOS platform and buckled up their privacy policies is a feather in the cap. He has assured that whatever Apple will develop in terms of blockchain technology will have full-proof security and unlike the fraudulent activities that have taken place in the past in the name of cryptocurrency trading, there will be no such risks in whatever blockchain project that Apple invests in.
The Impact of Woz’s Statements
Wozniak has highly praised Ethereum and he thinks that there will be more people to utilize this platform better. His complete turnaround has hit many by surprise because earlier in the spring he stated that blockchain is like a bubble that can burst at any moment. He was rather ambiguous about blockchain earlier this year because he did mention that the platform was totally trustworthy even though it was decentralized. When asked about Bitcoins, he said that it is the only digital gold that exists and investing in it would only be a matter of time. His views on digital currency have certainly changed and it is for the better of Apple.
