In the first week of April, VeChain announced a partnership with Salesforce to test, trial, and build applications on the VeChainThor blockchain. YouTuber Ben “BitBoy” Armstrong claimed in a recent video that it could be one of the most important partnership in the entire crypto industry.
Salesforce is one of the largest global Customer Relationship Management (CRM) software company worldwide. Considering the cooperation with VeChain, the software company will make a link between different business sectors.
- Data share partnership between Salesforce and VeChain to broaden the exposure of Blockchain to many sectors.
- Positive reaction from VET price to cooperation and states a 49% increase in a week.
YouTuber Ben Armstrong expects the cooperation to benefit the price of VeChain’s native token, known as the VET. Armstrong disclosed that he has increased his exposure to the token by 4x which, at the time of publication, trades at $0.17 with a 49% increase in one week and a 26% increase in the last day.
Why Did Salesforce Go Ahead With VeChain?
VeChain Foundation’s official release on the partnership with Salesforce demonstrates that Daniel Nortje, Director of Strategy and Architecture at Salesforce, has had a significant impact. Nortje was a member of the group that built the Salesforce – Toolchain Adapt solution that assists data sharing in the VeChainThor.
The executive has maintained the potential of this unique blockchain technology as a “critical” tool in the Customer Relation Management industry. The combined efforts of VeChain and Salesforce will focus on overcoming challenges in the CRM sector.
Nortje said this about the announcement:
“Key benefit of working with VeChain was the simplicity of integration. VeChain provides a Blockchain-as-a-Service platform, which meant I did not have to provide any intermediary architecture myself. From what I’ve seen this is unique to the VeChainThor public blockchain and I thought it was a very good idea, especially for organizations who don’t necessarily want to invest in more systems to maintain.”
This was NOT a "partnership". It was a joint experiment. 🙂
Thanks for pointing out!