Blockchain News

Empirical Data Launches RedShift Solution for Transparent CSR Operations

Empirical Data has announced the launch and introduction of RedShift, a first of its kind blockchain solution for corporate CSR. This game changing solution provides a robust platform for corporates to ensure smooth CSR project execution. RedShift brings a simple, efficient and affordable enterprise solution that helps corporates to focus and execute humanitarian and social projects.

A well-executed CSR project is the best way to give back to the society. We are excited to introduce RedShift which will help create greater transparency and visibility in daily corporate CSR transactions. With RedShift we aim to change the way businesses interact with various stakeholders in the CSR activities”

Karthik Ramarao, Founder & CTO, Empirical Data.

Empirical Data is incorporated as the Indian subsidiary of trANa Technologies, headquartered in Singapore, providing groundbreaking enterprise solutions on its blockchain – Fusion Core. By adding leading-edge innovations and enhancements to the open source blockchain framework, Empirical Data has successfully integrated blockchain with sensors, IOT and ML to introduce new breed of solutions for enterprises.

RedShift enables a shared system of immutable single data source for all stakeholders in the CSR value chain- donors, aggregators, NGO, beneficiary organization and the beneficiary. Apart from providing step by step execution of activities, this tamper proof solution provides a consistent set of records for the whole value chain to see and review. RedShift enables stakeholders and auditors to easily trace the provenance of the data as well as to be prepared for random inquests from government audit bodies.

Related posts

Added DLP Scan Capability that Delivers Value to the Clients

enterpriseitworld

Dedicated cloud services with a service provider will result in increased performance, security and compliance.

enterpriseitworld

Fuji Electric Appoints Redington As Its National Distributor For Energy Division Products

enterpriseitworld