Infosys Public Services launches blockchain network for Riverside County in California

Infosys Public Services launches blockchain network for Riverside County in California

FPJ Web DeskUpdated: Wednesday, July 21, 2021, 09:12 PM IST
article-image
The blockchain network enables county employees to manage data effectively and securely, while easing access and lowering cost of operations, the company said in a release. |

Infosys Public Services (IPS), a US-based subsidiary of Infosys , has completed the pilot of a blockchain solution designed to improve the efficiency, access and security of vital record keeping in Riverside County, California’s fourth largest county.

The blockchain network enables county employees to manage data effectively and securely, while easing access and lowering cost of operations, the company said in a release.

"Blockchain technology presents a new opportunity for governments to advance their digital agenda and leapfrog into the next era of secure, citizen-centered services...," said Eric Paternoster, CEO, IPS.

The pilot blockchain network, developed in collaboration with Amazon Web Services, Inc. (AWS) using Amazon Managed Blockchain, modernizes the once paper-centric operations of the Riverside County Assessor-County Clerk-Recorder Office, the release said. The solution will also provide citizens more timely and accurate access to their records, it added.

Riverside County currently spends approximately $500,000 annually to store official records physically to ensure compliance with records retention laws and regulations, a cost incurred by most local governments.

With physical storage, however, access, research, and audit of records for retention compliance become time consuming and costly. Blockchain technology offers the ability to reduce costs associated with physical storage of the official records, the release said.

IPS and AWS will continue to work with the County to assess how blockchain technology can benefit more departments and processes, increase effectiveness of public services, while minimizing cost of operations, it added.

RECENT STORIES

Global Billionaire Leader: What’s Behind Elon Musk’s Explosive Wealth Surge?

Global Billionaire Leader: What’s Behind Elon Musk’s Explosive Wealth Surge?

Adani Group's 11 Public Firms Not Subject To Any US Indictment,' Says Group CFO Jugeshinder Singh

Adani Group's 11 Public Firms Not Subject To Any US Indictment,' Says Group CFO Jugeshinder Singh

Maharashtra Election Results 2024: Real Estate Sector Applauds Mahayuti’s Landslide Victory

Maharashtra Election Results 2024: Real Estate Sector Applauds Mahayuti’s Landslide Victory

India's Bilateral Trade With ASEAN Sees 5.2% Growth At $73 Billion In April-Oct

India's Bilateral Trade With ASEAN Sees 5.2% Growth At $73 Billion In April-Oct

NTPC Green Energy IPO Wrap: Allotment, GMP, And Key Listing Details; Everything You Need To Know

NTPC Green Energy IPO Wrap: Allotment, GMP, And Key Listing Details; Everything You Need To Know