Shift Register circuit validity

You should create a real schematic with standard symbols and standard drawing conventions. Most of us here won't take the time to reverse engineer a Fritzing wiring diagram to create a schematic. Fritzing is, IMHO, for "monkey see, monkey do" efforts only.

 

That helps. The only possible change I would recommend is connecting OE to one of the RPi output pins and activate it after all the segment data has been shifted in and a strobe pulse has been issued to update the 7-segment display. You can also use OE as a pulse-width modulated intensity control.

The tri-state outputs are only rated for ±10 ma, and you did not specify what the 7-segment display is. Clearly, in this circuit, it is a common cathode display with individual anode connections to each segment. You might want to consider either using a shift register with active-low open collector outputs and change the display to a common anode display with individual cathode connections to each segment, or insert transistor drivers between the latched shift register outputs and the display to allow more segment current for a brighter display.

I have seen a similar device (with active-low open-collector outputs) to the HEF4094 used with an I2C interface to send digits to a clock display. You should have no problem adapting the RPi. And these puppies can be cascaded for multiple digit displays. Thanks for posting the circuit you are evaluating.

 

4094 can only drive about1 mA high. What is your 7 segment display like? You might get a little brightness out of it.

 

You can get a darlington array in ic dip form to compliment the shift registers output

 

I had to try it to test it. Yes, it will probably drive the display as is, depending on the efficiency of the display.