Benzinga | Jul 20, 2021 01:17PM EDT

Infosys Introduces Blockchain Network In California's Riverside County

* Infosys Ltd (NYSE:INFY) subsidiary Infosys Public Services (IPS) completed the pilot of a blockchain solution designed to improve the efficiency, access, and security of vital recordkeeping in Riverside County, California.

* The blockchain network enables county employees to manage data effectively and securely while easing access and lowering the cost of operations.

* The pilot blockchain network, developed in collaboration with Amazon Web Services, Inc (AWS) using Amazon.com Inc (NASDAQ:AMZN) Amazon Managed Blockchain, modernizes the once paper-centric operations of the Riverside County Assessor-County Clerk-Recorder Office.

* Additionally, Infosys collaborated with Daimler AG (OTC:DMLRY) to launch its Automotive Digital Technology and Innovation Center in Stuttgart, Germany.

* Price action: INFY shares traded higher by 1.38% at $20.93 on the last check Tuesday.