Empirical Data has announced the launch and introduction of RedShift, a blockchain solution for corporate CSR. The solution provides a platform for corporates to ensure smooth CSR project execution.
“A well-executed CSR project is the best way to give back to 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,” said Karthik Ramarao, Founder & CTO, Empirical Data.
Empirical Data is incorporated as the Indian subsidiary of trANa Technologies, headquartered in Singapore, providing enterprise solutions on its blockchain – Fusion Core.
RedShift enables a shared system of immutable single data source for all stakeholders. Its applications reach far beyond the scope of CSR and philanthropy. 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’s SXCAL engine is equipped with advanced features such as alarms, flags, invoice creation, payment initiation and more. With RedShift corporate enterprises can now make use of unprecedented benefits such conservation of time, effort and also get instant reconciliation and updates.
Source: CRN India