Salesforce introduces blockchain platform based on Hyperledger

Salesforce, one of the world's biggest providers of cloud solutions for businesses, launched its own blockchain platform.

Announced during its fourth annual TrailheaDX developer conference, the company's new low-code platform, called Salesforce Blockchain, will extend the power of client relations management.

One of the biggest cloud software companies in the world, San Francisco-based Salesforce, has launched its own blockchain channel.

First announced on May 29 during the company's fourth annual TrailheaDX developer conference, the Salesforce Blockchain has been in the works for more than a year.

Blockchain was the perfect solution for that, as it enabled the company to saves, trace and authenticate data across every employee and partner in the network, Salesforce president and chief product officer Bret Taylor explained.

"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," Taylor told Venturebeat.

Salesforce Blockchain will enable admins to build and maintain networks, app, and smart contracts, as well as layer blockchain data on top of existing data and services.

One of the first clients that have joined the Salesforce Blockchain was Arizona State University.

S&P Global Ratings will be leveraging Salesforce Blockchain to improve and expedite the way they do KYC reviews, said Chris Heusler, the company's global chief commercial officer.

The company will use Salesforce Blockchain to speed up the process of tracking and validating medical drug labels.