US-based cloud software giant Salesforce, has introduced its own blockchain platform, the firm said in a live stream on May 29.
The new product, Salesforce Blockchain, is based on its own application builder Salesforce Lightning and open source blockchain technology by Hyperledger.
Salesforce Blockchain is a low-code blockchain platform that uses distributed ledger technology (DLT) to offer companies with the tools to build smart contracts, app, and networks in order to share verified data. Based on artificial intelligence (AI) algorithms, Salesforce Blockchain also enables the automation of a number of processes.
Reportedly, the platform is available to its selected partners and it has been implemented by American institutions, including market intelligence firm S&P Global, leading global provider of advanced analytics IQVIA, and Arizona State University.
In the past, Salesforce has acquired a patent with the U.S. Patent and Trademark Office to detect spam emails using blockchain technology.
Hyperledger presented a set of tools to enhance the interoperability of various types of blockchain-based data. Hyperledger set of tools purportedly enables an effective exchange of blockchain data, supports peer-to-peer messaging, and facilitates interactions between different blockchains and other distributed ledger technologies.