Cloud Giant Salesforce Unveils Its New Blockchain Product

The leading provider of cloud solutions for business management, Salesforce, is in the latest cryptocurrency news. As the news show, the cloud giant Salesforce recently revealed its own and new blockchain solution that is built on the Hyperledger Sawtooth platform. The news went viral on May 30, when the announcement was made by executives at the company’s tech conference, TrailheaDX.

Named Salesforce Blockchain, this product is essentially “a low-code blockchain platform that extends the power of CRM (client relations management).” As the cloud giant Salesforce stated, the solution helps users build and maintain blockchain networks, apps and smart contracts. They can also “create and share blockchain objects in the same process as any CRM data object — with clicks, not code,” as the official press release shows.

For those of you who don’t know, low-code is a framework that allows drag-and-drop programming for complex apps and is gaining a lot of popularity in enterprise business. This solution also helps integrate blockchain data into sales forecasts and predictions and can be integrated in existing blockchains with the cloud giant Salesforce, to “add third parties to their blockchain with a few clicks,” as the company said.

Salesforce also named the first three clients that are testing the product right now. As many best cryptocurrency news sites reported, one of them is the research data company IQVIA which is exploring the tech to track and validating the medical drug labels. Another one is the ratings agency S&P Global which is looking into the use of the solution for speeding up the review and approval of new business bank accounts.

The cloud giant Salesforce’s new blockchain initiative was well accepted by the community and shared in the altcoin news sections. As the global chief commercial officer at S&P Global Ratings named Chris Heusler 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 which will benefit from the Salesforce blockchain solution is Arizona State University – mainly to test 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, the vice president of enrollment at the university stated.