San Francisco software giant Salesforce has announced Salesforce Blockchain, a low-code platform which allows the creation of blockchain networks, workflows, and apps that facilitate the sharing of verified, distributed data sets across partner and third-party networks.
Salesforce has reported that 72% of their surveyed consumer and business customers believe Blockchain will transform their expectations of companies within the next five years.
President and chief product officer Bret Taylor, explained to reporters at its fourth annual developer conference, TrailheaDX 19, that: “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.
“Now, companies will be able to create new ecosystems and achieve new levels of interconnectivity through trusted partner networks.”
Salesforce’s Blockchain platform is currently available to select designer partners and is expected to become generally available in 2020. It’s built on Hyperledger Sawtooth, an open source modular platform for designing, deploying, and running distributed ledgers, and it’s customised for Salesforce Lightning, Salesforce’s front-end framework for application development.
It’s made up of three elements: Blockchain Builder, a developer toolset for building blockchain applications; Blockchain Connect, which integrates blockchain actions with Salesforce apps; and Blockchain Engage, which allows customers to invite parties to blockchain apps created within Salesforce.
S&P Global Ratings global chief commercial officer Chris Heusler, said of Salesforce Blockchain: “The reviews and approval process is very time consuming and requires multiple parties to ensure each business is evaluated accurately and completely.
“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.”
Salesforce Blockchain competes with similar services from Azure Blockchain Service, Microsoft’s newly launched fully managed blockchain service, and Amazon Managed Blockchain. Others include IBM Blockchain, a performance-as-a-service offering.