Salesforce released its first blockchain solution May 29 that is built on the Hyperledger Sawtooth platform, according to CoinDesk.
The solution, known as Salesforce Blockchain, is designed to improve client relations management. Salesforce created the solution to allow users to build and maintain blockchain networks, applications and smart contracts.
Salesforce will use the blockchain tool for sales forecasts and other predictions, reports CoinDesk.
Tempe-based Arizona State University is one of three clients testing the blockchain. The university is currently using it to track academic records.
"This network has the potential to be a game changer for integrated, seamless learning — increasing transparency of student achievements and ultimately making the exchange process of academic records easier for both leaners and institutions," said Kent Hopkins, vice president of enrollment at Arizona State University.
Salesforce anticipates the blockchain will be available in 2020.