Salesforce Launches Salesforce Blockchain | IT News TechFunnel

Salesforce Launches Salesforce Blockchain

Salesforce Launches Salesforce Blockchain

The leading provider of cloud-based business solutions, Salesforce, announced the launch of its own blockchain solution at the company’s tech conference TrailheaDX. Dubbed ‘Salesforce Blockchain’, the solution is built on the Hyperledger Sawtooth platform.

Salesforce Blockchain is “a low-code blockchain platform that extends the power of CRM (client relations management).” The company said that the solution is aimed to help users build and maintain blockchain networks, apps, 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. This will help integrate other existing blockchains with Salesforce, and “add third parties to their blockchain with a few clicks.”

At the conference, Salesforce also announced its first three clients they are testing the blockchain solution with. One of these is the research data company IQVIA, which is exploring the tech to track and validate medical drug labels.

The other is the rating agency S&P Global, is looking into how the solution can speed up the review and approval of new business bank accounts.

Chris Heusler, Global Chief Commercial Officer at S&P Global Ratings, said in a 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.”

The third partner is Arizona State University, which is testing tracking academic records on the blockchain:

“This network has the potential to be a game-changer for integrated, seamless learning — increasing transparency of student achievements and ultimately making the exchange process of academic records easier for both learners and institutions,” Kent Hopkins, Vice President of Enrollment at Arizona State University, said in a statement.

At present, only a select few clients are able to try out Salesforce’s blockchain solution before its rollout. The company did, however, say that it will be made generally available in 2020.

Megha Shah
Megha Shah
A dreamer, traveler, aspiring entrepreneur and a bookworm beyond repair, Megha Shah is extremely fond of writing and has been doing so since she was a child. Apart from being a part-time writer, Megha is currently in college, pursuing B. Com. (Hons). Megha is an ardent follower of ‘Hardship, Hustle and Heart’ and firmly believes in the power of hard work and destiny!