Developments

Hyperledger introduces Salesforce on blockchain technology

Blockchain products aimed at businesses

Salesforce, one of the world’s biggest providers of cloud services technology and solutions that cater to large and small businesses has recently launched its own blockchain platform. Through an announcement that was made during the fourth annual TrailheaDX developers event, it was mentioned that this new Salesforce blockchain platform will be extending client relationship management.

The San Francisco based company’s blockchain product that will be aimed at businesses for better performance. Though the announcement was first made on May 29th during the company’s fourth annual developers conference, the company has reportedly been busy with the project for more than a year now.

According to the company, the Salesforce platform will be focused on looking for ways to help clients increase their connectivity which will require a large amount of data without sacrificing trust.

The Blockchain technology will be the perfect solution for this, as it will enable the company to save, trace and authenticate data across every employee and partnership that is on the network.

According to reports coming from the president and chief product officer Bret Taylor:

“We help companies build for the future by making breakthrough technology accessible and easy to use. Today we are doing just that with Salesforce Blockchain.”

He also went further stating that:

“Now companies will be able to create new ecosystems and achieve new levels of interconnectivity through trusted partner networks.”

Salesforce is focused on 2020

This new Blockchain platform will enable admins to build and maintain networks, smart contracts and apps. This will also include different layers on top of blockchain data, mixed with other existing data services.

Hyperledger blockchain that also goes by the name Sawtooth, is currently available to selected partners but plans on making it globally available by 2020.

Arizona State University is one of the many clients who have joined the Salesforce Blockchain. The University has reported that it plans on using the blockchain technology to track academic records, basically using the blockchain as a data base.

The president of enrolment at the University, Kent Hopkins, thinks that the Blockchain will create a network that has the potential to be a game changer. As this will make the process of exchanging academic records much easier for students and the institution. Whether this will also be working as a unit of value exchange similar to a cryptocurrency remains to be seen.

blockchain saleforce

The company will be able to create a global and trusted network of reviewers that will collate benchmarks, analytics and data transmission to the global commodity markets.

The S&P will also be leveraging Salesforce blockchain in order to improve and expedite the way KYC is reviewed. Among the growing companies that will support the Salesforce Blockchain is Research company IQVIA, as the company will be using blockchain to speed up processes while tracking and validating medical drug labels.

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coinmag

My occupation is the Research of blockchains and their practical applications in the economy. I have graduated through various levels of education, including electrical technique, Business, Psychology, and innovative technologies.

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