Categories: CryptoNews

Salesforce Is Working on Its Own Cryptocurrency and Blockchain Technology

Various established companies have shown a keen interest in blockchain technology and cryptocurrency. In a lot of cases, these firms elect to develop their own native solutions. It seems Salesforce is the latest company to do so, as it is planning to develop a proprietary blockchain solution and a native cryptocurrency. It’s a remarkable decision, albeit one that raises a lot of questions.

Salesforce has Major Cryptocurrency Plans

In a way, it is always good to see companies focus on the cryptocurrency and blockchain industries. Unfortunately, it would be a lot better if these companies decided to embrace existing solutions, both in terms of blockchain technology and cryptocurrency. That is not exactly happening as of right now, although the new project from 

Salesforce may pave the way for promising developments in this regard.

It seems Salesforce is looking to incorporate blockchain technology into its products and operations. The company has been contemplating such a move for quite some time now, but it is evident coming up with a viable business strategy is not so easy. Even for a forward-thinking company on the level of Salesforce, finding the right approaches and use cases for this technology is not all that straightforward.

Based on the information we have received, it seems the company is working on a blockchain-inspired product. Not too much information is known about this venture as of right now, but the company plans to unveil more specifics during its upcoming

Related Post
Dreamforce event.

What makes this announcement – as limited as it may be – even more interesting is that the company will also seek to issue its own cryptocurrency. Not too many specifics are known about this particular project either, but it is evident the company sees merit in having its own form of transactional value. Whether or not this currency will be used beyond the company’s forthcoming blockchain-based application remains to be determined.

It is evident there is a lot of curiosity as to what Salesforce plans to unveil exactly. Even though people have petitioned Salesforce to add Bitcoin as a supported currency, the company has not jumped on that suggestion as of yet. It is possible their proprietary implementations may lead to a future in which Bitcoin plays a bigger role than it does now.

One thing to keep in mind is that Salesforce is not the only company exploring blockchains and cryptocurrency. Even so, it’s clear we will only see more proprietary technology in this regard, rather than companies embracing Bitcoin and existing blockchain technology. Whether or not this shift to proprietary technology is a smart idea remains to be determined.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Ethereum Down While Bitcoin, Solana, and JetBolt Skyrocket In End November 2024

Ethereum stumbles as Bitcoin surges past $97K, Solana eyes new highs, and JetBolt’s presale shakes…

2 hours ago

Top 5 Best Crypto Presales to Grab Now: Don’t Miss These December Week 1 Gems

The crypto market is a buzz with promising presales as 2024 draws the curtains. With…

3 hours ago

Cheems Surge On BSC Network: A Rising Star With Growing Market Value

The Cheems token on the Binance Smart Chain (BSC) is gaining significant momentum, surging by…

11 hours ago

Lester Token Crashes 40% Following Official Announcement

The value of $LESTER plummeted by 40% in the past 24 hours, leaving its market…

11 hours ago

From $30K To Millions: The Wild Journey Of $Quant And Xiaohaige’s Memecoin Stunts

In a bizarre turn of events, a young live-streamer known as Xiaohaige created the memecoin…

11 hours ago

Whale “convexcuck.eth” Makes Bold $CVX Move, Nets Significant Profit Amid Price Surge

The crypto whale known as "convexcuck.eth" has made waves in the DeFi world, spending $2…

11 hours ago