Infosys Public Services (IPS), a US-based subsidiary of Infosys, has completed the modernization of public recordkeeping using blockchain for Riverside County, California’s fourth largest county and the 10th largest in the U.S.
The blockchain solution is designed to improve the efficiency, access and security of vital recordkeeping in Riverside County. The network enables county employees to manage data effectively and securely, while easing access and lowering cost of operations.
Eric Paternoster, CEO, IPS said, “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.”
The pilot blockchain network, developed in collaboration with Amazon Web Services, using Amazon Managed Blockchain, modernizes the once paper-centric operations of the Riverside County Assessor-County Clerk-Recorder Office. The introduction of blockchain technology enables the Office to store, recreate, and retrieve verifiable digital records, reducing the need for physical storage. The solution will also provide citizens more timely and accurate access to their records.
“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,” said Peter Aldana, Assessor-County Clerk-Recorder at County of Riverside.
Riverside County currently spends approximately $500k 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.