Apple is developing a system to create …

Apple is developing a system for creating timestamps on the blockchain

The American corporation Apple is developing a system for creating and confirming time stamps on the blockchain. This is evidenced by a patent application published by the U.S. Patent and Trademark Office on Thursday.

In it, Apple describes a program that can validate timestamps by combining various aspects of blockchain technology and public key certification infrastructure (PKI) tools..

In practice, this will allow you to link a separate piece of data to a transaction in the blockchain, fixing the information component at a certain point in time. Changing this component will lead to the automatic creation of another transaction, indicating that the changes were actually made.

In its application, Apple describes 3 methods for creating timestamps, one of which involves the use of blockchain.

The program will issue blocks containing time stamps, to which will be added other blocks issued by miners and containing the rest of the transactions carried out in this chain. Apple notes that the proposed system is part of a more complex architecture that involves multiple checks. In other words, the additional system will confirm the correctness of the timestamp after the block is created, but before it is added to the main blockchain.

Apple says the blockchain has piqued its interest in the security benefits of the technology’s decentralized nature. In the proposed system, the network nodes will not accept transactions from another node if they find that the blocks that it transfers to them do not correspond to their own version of the blockchain.

Apple is developing a system to create ...

Thus, the system developed by Apple not only allows the creation of immutable and verifiable time stamps, but also has a mechanism to protect against malicious actions..

Recall that earlier Apple co-founder Steve Wozniak said that, in his opinion, bitcoin is superior to gold for a number of reasons..

Photo: TungCheung

Apple is developing a system to create ...

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