Riverside County to use Infosys developed Blockchain Network solution for Bookkeeping


Infosys Public Services has now completed the pilot of a Blockchain solution designed to improve the access, efficiency, and security of the major bookkeeping for Riverside county.

Infosys Public Services is a US-based subsidiary of Infosys. The company helps public sector organizations to navigate their digital transformation initiatives, which helps them to renew existing systems into modern, intelligent, and agile platforms

Executive Opinion

Eric Paternoster, CEO, IPS, said, "Blockchain technology presents a new opportunity for governments to advance their digital agenda and leapfrog into the next era of secure, citizen-centred services. We are excited about this project with Riverside County Assessor-County Clerk-Recorder Office and appreciate the opportunity to demonstrate how blockchain can enable the county to become more digital, connected, and secure."

Peter Aldana, Assessor-County Clerk-Recorder at County of Riverside, said, "As Riverside County's Assessor-County Clerk-Recorder, our goal is to provide recordkeeping, record issuance, and property valuation in a timely, secure, and cost-effective manner. Adoption of blockchain technology will greatly advance our digital transformation journey towards our goal."

Infosys' Blockchain Network Solution

Implemented in Riverside Country, California, the Blockchain network enables Riverside county employees to manage data securely and effectively while easing access and lowering the cost of operations.

The Pilot Blockchain Network is developed in collaboration with the AWS' Amazon Managed Blockchain service. The blockchain solution modernizes the paper-centric operations of the Riverside County Assessor-County Clerk-Recorder Office.

The blockchain powered solutions will also offer citizens more timely and accurate access to their records. Riverside County, as of now, spends around $500000 annually to store official records physically to make sure compliance with records retention laws and regulations, a cost incurred by most local governments.

The introduction of Blockchain technology enables the Riverside County Assessor-County Clerk-Recorder Office to store, retrieve and recreate verifiable digital records, reducing the need for physical storage, notes the announcement.
PC: Pixabay

Note: We at TechSutram take our ethics very seriously. More information about it can be found here.
Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

No comments:

Post a Comment

    Your valuable comments are welcome. (Moderated)