- Salesforce revealed its own blockchain solution based on the Hyperledger Sawtooth platform
- The intention is to have the services ready to release to the market as soon as 2020.
Salesforce a giant provider of cloud solutions for businesses informed that it has built a new blockchain solution based on the Hyperledger Sawtooth platform. The information was released by executives of the company at a tech conference called ThrailheaDX.
Salesforce Launches New Blockchain Solution For Companies
The blockchain market continues to expand with new offerings made by different recognized firms. This time, Salesforce launched a new netwrok based on distributed ledger technology (DLT) called Salesforce Blockchain. The new platform extends the power of client relations management (CRM) and it will help users build new blockchain networks, applications and also smart contracts.
One of the main characteristics of this network is the fact that is a low-code blockchain that allows develoers to perform “drag-and-drop programming” for complex applications. This is a method that is being used by different enterprise businesses.
In addition to it, this solution will be able to integrate data stored on the blockchain into sales forecasts and also predictions. Moreover, those deplpoying this platform will be able to integrate their existing blockchains with Salesforce.
The giant cloud platform announced three of the first clients that are working and testing this product. One of them is the research data firm called IQVIA that explores the technology to track and also validate medical drug labels.
Other firms include the ratings agency S&P Gloval that aims at speed up the review and approval of new business bank accounts, according to a press release. The global chief commercial officer at S&P Global Ratings, said in this statement:
“Leveraging Salesforce Blockchain, S&P Global Ratings has created a trusted network of reviewers, where everyone can work from a shared, transparent and auditable review process – completely reinventing and expediting how we do KYC reviews for our customers.”
Finally, the third partner working with this new platform is the Arizona State University, which aims at tracking academic records on the blockchain. Salesforce informed that their goal is to make the product available for the public as soon as in 2020.
According to CoinDesk, the firm announced these blockchain plans at TrailheaDX last year when the CEO of the firm, Marc Benioff, said that they were thinking about blockchain technology since they went to the World Economic Forum in Davos and an individual suggested the firm should embrace DLT.
This is why in April, the company joined the Blockchain Research Institute (BRI), which incudes firms such as Microsoft, IBM, the Bank of Canada, PepsiCO, and many others. After it, in November, Salesforce was able to secure a patent for a blockchain system aimed at filtering spam and checking emails.
The blog post released by the company says that DLT promises to change the way in which information is shared, how people and firms purchase and sell things and how to verify the authenticity of specific information. They are also sure that each government and company can be benefited by using this technology.