Is Apple Gearing Up to Launch a Blockchain Phone?

The world’s biggest company by market cap may be making a move towards this space with the launch of an Apple CryptoKit framework.

They don’t mention cryptocurrency specifically or blockchain technology, but it sounds like that’s what this is very much about with Apple stating the kit allows you to:

“Use public-key cryptography to create and evaluate digital signatures, and to perform key exchange. In addition to working with keys stored in memory, you can also use private keys stored in and managed by the Secure Enclave…

CryptoKit frees your app from managing raw pointers, and automatically handles tasks that make your app more secure, like overwriting sensitive data during memory deallocation.”

That sounds a lot like the recently launched Samsung Key Store that comes with their latest phone, S10.

That uses a secure enclave to store and generate keys, with dapps in addition able to connect to the ethereum blockchain without needing any extension or even to download anything.

As competition between Apple and Samsung is very fierce, it does now appear it is coming to crypto.

It remains to be seen, however, whether Apple will just copy Samsung or whether they will go a step further.

They could do the latter by integrating the blockchain in their Safari browser, or they could go even further and integrate crypto in Apple Pay.eval(ez_write_tag([[250,250],'trustnodes_com-medrectangle-4','ezslot_1',169,'0']));

The latter may well increase the adoption of Apple Pay as cryptonians may find it easier to use bitcoin or eth to pay for things through it, but just what Apple has in mind, remains to be seen.

Copyrights Trustnodes.com