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Infosys Cautions Public of Fraudsters Extracting Money by Faking Stories

With some individuals and groups engaged in collecting money from unsuspecting members of public, traders and other businesses are claiming to represent the Foundation.

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Infosys
Office building of Infosys. Pixabay

Software major’s social arm Infosys Foundation on Friday cautioned the public of falling prey to fraudsters extracting money by faking stories linked to it.

“We request the public to alert city police to identify such conmen as helping it to spot them will be a service,” said the Foundation in a statement here.

With some individuals and groups engaged in collecting money from unsuspecting members of public, traders and other businesses are claiming to represent the Foundation.

The Foundation is also in receipt of copies of appeals for funds typed on a fake letterhead of its social arm, bearing forged signatures of its Chairperson Sudha Murty.

infosys, fraudsters
The Foundation uses its own funds for all its projects and programmes. Wikimedia

The Foundation uses its own funds for all its projects and programmes.

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Set up in 1996 by its co-founders and former directors, including N.R. Narayana Murthy, the 22-year-old Foundation supports programmes in education, rural development, healthcare, arts and culture, and destitute care.

“Our mission is to work in remote regions of states across the country. We work for all sections of society, selecting projects with care and in areas overlooked by society. (IANS)

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Infosys Launches Blockchain-powered Apps in 3 Verticals

The modular, scalable and customisable application can be integrated with the enterprise systems and IoT networks

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Infosys
Office building of Infosys. Pixabay

Software major Infosys on Wednesday launched blockchain-powered distributed applications (apps) for government services, insurers and supply chain management verticals.

“The applications are designed as ready-to-subscribe business networks to ensure quick deployment, inter-operability across disparate systems of value chain stakeholders and cases involving analytics and IoT (Internet of Things),” the-city based IT firm said in a statement.

A blockchain is a list of records, called blocks, that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp and transaction data.

“Our applications are equipped with predictive RoI (return on investment) analytics for business investments that can be tailored to meet industry-specific needs,” Infosys said in the statement.

Global enterprises can capitalise on blockchain’s benefits of trust, immutability, and transparency to develop an inter-organisational conduit for strengthening their core business processes across multiple value chain partners having disparate IT systems, it said.

Infosys office
Employees queue up infront of Infosys office. Wikimedia Commons

The supply chain application leverages the blockchain platform to offer solutions for inbound/outbound logistics and distribution activities.

“The application can be integrated with the systems and IoT devices while ensuring 24×7 transaction security between stakeholders within a supply chain,” Infosys said.

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The government services application enables state-run organisations to establish inter-departmental interaction, collaboration, data sharing, network transparency and defined workflows – to fulfil citizen-centric service requests, through a single window.

“Our insurance application is designed to aid insurance firms in policy administration, claims handling, multi-party negotiation, usage-based policy pricing and parametric insurance activities,” the statement added.

The modular, scalable and customisable application can be integrated with the enterprise systems and IoT networks. (IANS)