Skip to main content

Salesforce’s first blockchain plunge will involve development tools

Last year, Salesforce chairman Marc Benioff mentioned, perhaps for the first time, his interest in the the blockchain. It was not known at the time if he was seriously interested, or if Salesforce would indeed offer a way to use the blockchain on the Salesforce platform. Today, a little over a year later, the company announced its first blockchain product, and it’s one aimed squarely at developers.

Salesforce’s MO with new tech is always to start slowly and branch out after it gets a feel for customer requirements. Today’s announcement follows a similar path. The company is announcing a low code blockchain development tool on the Lightning platform. It’s important to note that this is only available to select design partners for now, and won’t become generally available until sometime next year.

About the time Benioff was making his first public statements about blockchain, the company began looking at how it could incorporate blockchain into Salesforce and use it to take advantage of gaps in the CRM platform, or if it even made sense to. As Adam Caplan, SVP of emerging technology at Salesforce put it, “Was this technology just looking for a problem to solve, or could it really drive big business impact?”

After talking to 100 customers over the last year, Salesforce realized there was something there and felt like they could help companies, especially those working work partners outside the organization. The blockchain could provide a way for these companies to collaborate in a trusted environment.

Caplan said many of the customers he spoke to had begun experimenting with the idea of working in trusted environments with immutable records and other distributed ledger concepts, but most were stuck in Proof of Concept stages and were looking for a way to streamline the application development process.

Bret Taylor, who is president and chief product officer at Salesforce, says the company has been focusing on how the decentralized nature of the blockchain can really open up new business models that might not have been possible on the Salesforce platform in the past.

“We love the idea of extending the CRM with this capability because it really does enable multiple parties to work together in a trusted way and create business models around ecosystems, rather just direct customer relationships,” Taylor explained.

Taylor says the company went for developers as initial entree into blockchain to help customers get going with it in a fairly quick way by abstracting away a lot of the complexity associated with developing blockchain applications.

Brent Leary, who owns the CRM consultancy CRM Essentials, sees a lot of potential with the new blockchain tools, even though he cautions it’s still very early. “The concept of leveraging blockchain technology to allow companies to [combine] decentralized data with CRM data can be potentially big. And even though it won’t be available for awhile, Salesforce has the resources and mindshare to bring their large customer base, and enterprise customers with huge scale to blockchain and speed up the adoption process,” Leary told TechCrunch

The new product will consist of three components: Blockchain Builder to help developers build blockchain applications; Blockchain Connect to integrate blockchain actions directly with applications on the Salesforce platform and Blockchain Engage to invite parties to the blockchain application, regardless of whether they are part of the Salesforce ecosystem or not.

“We think that having the Salesforce gravity being around the customer and customer experience, and making blockchain really accessible to a broad range of developers will help enable a lot of our customers to start experimenting with these new business models and new approaches to build ecosystem around their products and experiences,” Taylor said.



from TechCrunch https://tcrn.ch/2Xelqfg
via IFTTT

Comments

Popular posts from this blog

Max Q: Psyche(d)

In this issue: SpaceX launches NASA asteroid mission, news from Relativity Space and more. © 2023 TechCrunch. All rights reserved. For personal use only. from TechCrunch https://ift.tt/h6Kjrde via IFTTT

Max Q: Anomalous

Hello and welcome back to Max Q! Last week wasn’t the most successful for spaceflight missions. We’ll get into that a bit more below. In this issue: First up, a botched launch from Virgin Orbit… …followed by one from ABL Space Systems News from Rocket Lab, World View and more Virgin Orbit’s botched launch highlights shaky financial future After Virgin Orbit’s launch failure last Monday, during which the mission experienced an  “anomaly” that prevented the rocket from reaching orbit, I went back over the company’s financials — and things aren’t looking good. For Virgin Orbit, this year has likely been completely turned on its head. The company was aiming for three launches this year, but everything will remain grounded until the cause of the anomaly has been identified and resolved. It’s unclear how long that will take, but likely at least three months. Add this delay to Virgin’s dwindling cash reserves and you have a foundation that’s suddenly much shakier than before. ...

What’s Stripe’s deal?

Welcome to  The Interchange ! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up  here  so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. —  Mary Ann Stripe eyes exit, reportedly tried raising at a lower valuation The big news in fintech this week revolved around payments giant Stripe . On January 26, my Equity Podcast co-host and overall amazingly talented reporter Natasha Mascarenhas and I teamed up to write about how Stripe had set a 12-month deadline for itself to go public, either through a direct listing or by pursuin...