Cloud Giant Salesforce Unveils First Blockchain Product for Business

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

The product, named Salesforce Blockchain, is “a low-code blockchain platform that extends the power of CRM (client relations management).” The company says that the solution helps 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.

Low-code is a framework that allows for drag-and-drop programming for complex apps and is gaining popularity in enterprise businesses.

The solution also helps integrate blockchain data into sales forecasts and predictions, integrate other existing blockchains with Salesforce, and “add third parties to their blockchain with a few clicks,” the company said.

Salesforce also named the three first clients that are testing the product right now. One of them is the research data company IQVIA, which is exploring the tech to track and validate medical drug labels. Another one, ratings 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, Arizona State University, 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…

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