Supply chain sustainability and traceability have become some of the most sought after consumer demands recently, as more and more consumers want businesses to be held accountable for their practices.
Which is why Apple’s decision to file a report with the U.S Securities and Exchange Commission which declares that it is planning to study ways to apply and implement blockchain within it’s business model somehow is absolutely great news.
In the report titled the “Conflict Minerals Report; Summary of Apple’s Commitment to Responsible Sourcing. Apple states that the firm is “deeply committed to upholding human rights across its global network of suppliers that support the manufacturing of its mobile communication and media devices, personal computers, and related accessories.”
Talking about the firms dedication to it’s Risk Readiness Assessment, the report added that, “In 2017, Apple took steps to share the RRA more broadly with stakeholders, including an international human rights non-governmental organization (“NGO”).”
Although the report does not directly mention involvement with blockchain, it does hint towards it,
Apple works to safeguard the well-being of people involved in its supply chain and to protect the places where materials are sourced. Through its strict supplier standards, Apple commits to use minerals in its products that do not directly or indirectly finance armed conflict or benefit armed groups.”
Apple has previously been quite active regarding the reuse and recycling of raw material within it’s products as it states on it’s official website,
There are a lot of valuable materials inside old devices that are perfect for making new products. The challenge is that recovering them is extraordinarily complex and hard to do efficiently. And we want to return an equivalent amount of material to the market, to be used by us or others. Our ambition is that one day we’ll extract nothing from the earth.
As per the filing, these steps towards a more sustainable business model isn’t confined to the preservation of natural resources alone but also includes taking care of it’s workers involved within the supply chain processes along with the conservation of areas from where the firm sources it’s raw materials. Apple seeks to protect the places where materials are sourced.