According to Newsbtc's June 5 report, Cupertino-based technology giant Apple held its annual Global Developers Conference (WWDC) on June 4th, releasing the latest product lineup, although new products. First released to the public, but the theme of the conference is mainly about the future development of the Apple Software Development Kit (SDK). Among them, a development kit called CryptoKit focused on encryption technology, first introduced by Apple, marks the beginning of Apple's embrace of this emerging technology.
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With technology giants such as Samsung, Microsoft, Facebook and Apple all supporting encryption technology to some extent, does this mean that large-scale adoption is closer than we think?
Apple launches CryptoKit SDK for the first time on iPhone iOS 13
At this week's WWDC conference, Apple (the parent company of consumer products for the iPhone, iPod and Mac series) announced a new software development kit called Cryptokit. The new SDK provides developers with the infrastructure to "encrypt operations efficiently and efficiently."
While the goal of the software development kit is to encrypt the currency of other code elements (such as Bitcoin) running on Apple products, the framework undoubtedly supports emerging financial technologies and their corresponding cryptographic assets.
For the first time, iOS app developers can access the iPhone's secure enclave and provide hardware wallet-level security for digital assets and more.
Apple's strongest competitor in the smartphone space, Samsung, recently launched its flagship phone, the Galaxy S10, which is equipped with a blockchain key storage application that allows users to encrypt tokens based on Ethereum. If Apple follows Samsung's approach and provides a cryptocurrency wallet built into the iOS 13 security layer (OS Cryptokit is designed for it), this will be a major recognition of encryption technology and a one for large-scale adoption. Big step.
Apple's influence in the field of encryption is huge
Since 2015, Apple has sold more than 220 million smartphones per year, and after this year's conference, the company will deliver more than 1 billion iPhones to consumers worldwide in less than five years.
Because Apple enjoys such a large market share, the potential impact of the iPhone-based encryption wallet should not be underestimated.
Apple is working with other heavyweight companies in the technology space to embrace the cryptocurrency. Another major technology giant, Microsoft, has recently stepped up its support for encryption technology. It recently deployed their Azure blockchain on the NASDAQ financial framework and updated Microsoft Excel spreadsheet software to use bitcoin as a Currency is added to its currency options.
Facebook is also attracted by the charm of this industry, and its GlobalCoin project may change the face of the currency we are familiar with. However, given the low level of consumer trust in Mark Zuckerberg and his Facebook social platform, the digital currency created by the tech giant is likely to fail.
Amazon is another big technology company considering encryption, but its users are less loyal and viscous to Amazon products than Apple users. Considering that consumers have become accustomed to trusting Apple's services in terms of personal privacy, photos, etc., their trust in Apple's monetary products is logical.
As of January this year, Apple has more than 1 billion devices in active state. Even if only some of them open the channel to the user to contact cryptocurrency, the large-scale adoption of cryptocurrency will not fall behind too much.