Salesforce to Launch Blockchain-based product


Salesforce to launch Blockchain-based product, says the CEO of this cloud computing giant. Benioff has stated that he has had a conversation with one of the World Economic Forum’s attendees back in January, and this has prompted him to consider the integration of various cryptocurrency technologies into his company

10 April, AtoZForex Salesforce, one of the internet giants, is reportedly working on a new product that is based on a Blockchain technology. According to the CEO of this cloud computing company, Marc Benioff, he has started to become interested in cryptocurrency market.

Salesforce to Launch Blockchain-based product

Mr. Benioff has spoken about the news during the Business Insider’s Julie Bort at the TrailheaDX Salesforce Developer Conference on March 28. You can see the video below.

Benioff has stated that he has had a conversation with one of the World Economic Forum’s attendees back in January, and this has prompted him to consider various methods of cryptocurrency integration into his company. He has stated:

“I had been thinking a lot about what is Salesforce’s strategy around blockchain, and what is Salesforce’s strategies around cryptocurrencies and how we relate to all of these things.”

He also mentioned that after that conversation, he has come to the realization:

“You know if you do this, this and this, you could put blockchain and cryptocurrencies into Salesforce.”

However, he did not provide any concrete details about the upcoming product. Yet, he noted that he hopes to “have a blockchain and cryptocurrency solution for Salesforce and for all of our customers” before Dreamforce. The latter is the conference the company will be hosting in San Francisco in the late September.

Is cryptocurrency market on its way to stabilization?

The cryptocurrency movements of the last year have been largely caused by the lack of regulation in the industry. This year is expected to be the “Year of regulation”. With the development of regulations in numerous countries, the volatility of the market will eventually drop. So will the market manipulation.

Many cryptocurrency experts believe that global regulators do not intend to ban cryptocurrencies, but rather to better regulate the market. This could also help the industry to mature.

As a matter of fact, the global regulation has been so far more linked to the Initial Coin Offerings (ICOs). Some of the ICOs appear as immature Blockchain start-ups, and some of them are fraudulent. The US Securities and Exchange Commission (SEC) has put a lot of efforts into eliminating the illegal activity coming from the ICO market.

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