Cloud Giant Salesforce launches First Blockchain Product for Business

Salesforce, the leading provider of cloud business management solutions, revealed its own blockchain solution built today on the Hyperledger Sawtooth platform. Managers made the announcement at the company's technological conference, TrailheaDX.

The product, called Salesforce Blockchain, is "a low-code blockchain platform that expands the power of CRM (client relationship management)." The company says the solution helps users build and maintain blockchain networks, applications, and smart contracts, allowing them to "create and share blockchain objects in the same process as any CRM data object – with clicks, not code", according to Salesforce's press release.

Low code is a framework that allows you to drag and drop programming for complex apps and is becoming increasingly popular in business enterprises.

The solution also helps in integrating blockchain data into sales forecasts and predictions, integrating other existing block chains with Salesforce, and "adding third parties to the block with a few clicks," the company said.

Salesforce is also called the first three clients One of them is the research database IQVIA, which explores the technology to track and validate medical brands. Another, the S & P Global Assessment Agency, looks at how the solution can speed up the review and approval of new bank accounts. [1[ads1]9659002] Chris Heusler, global manager of S&P Global Ratings, said in a statement:

"Leveraging Salesforce Blockchain, S & P Global Ratings has created a reliable network of reviewers, where anyone can work from a shared, transparent and auditable review process – completely reinvent and speed up how we make KYC assessments to our customers. "

Third Partner, Ariz ona State University, tests academic records on blockchain.

"This network has the potential to be a game shift for integrated, seamless learning – increasing transparency of student achievement and ultimately making the exchange of academic records easier for both teachers and institutions," says Kent Hopkins, Vice President of Arizona State University Enrollment

While currentl Y only selected clients can try Salesforce's blockchain solution, it should be generally available by 2020, the company said.

One year of exploration

Salesforce first announced its blockchain plans at TrailheaDX a year ago when the company's CEO Marc Benioff told Business Insider that he had thought of the idea since the World Economic Forum in Davos on January. At the forum, a participant approached Benioff and suggested that Salesforce should use the technology in its offerings. said he was fascinated by the idea.

"And it is as if you know if you did this, this And this lets you add blockchain and cryptocurrencies to Salesforce … And I'm like "wow" and that's how it works, Sa Belioff, according to Ledger Insights.

Previously, Salesforce has collaborated with blockchain startup, which announced in May 2017 the release of a product that allows users to integrate the Salesforce system with Hyperledger, ethereum and bitcoin block chains, Reported Ledger Insights.

This April, Salesforce announced that it had joined the Blockchain Research Institute (BRI), the global blockchain think tank with participants such as Microsoft, IBM, Bank of Canada, PepsiCo, Raiffeisen Bank, Polymath and others.

In November, Salesforce secured a patch for a blocking system designed to filter spam and check if emails were changed or otherwise manipulated after they were sent. "Used properly, the immunity and distribution of blockchain can make it impossible to modify information when committed to the block," the patent said.

23. In May, the company published a block prominence for readers of the company's blog, describing the basic principles of technology and using issues such as money transfers, medical record storage and supply chain management. It also explained what benefits blockchain technology can bring to the Salesforce focus areas, such as customer relationship management.

"Blockchain is a technology that promises to fundamentally change how we share information, buy and sell things, and verify the authenticity of information we trust every single day – from what we eat to who we say we are. And because it can Simplify all this in safe, efficient and transparent ways on many different domains, the effects can be transformative – any business, government, and individual can benefit, says the blog post.

Salesforce image via Shutterstock

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