Trakti Smart "Legal" Contracts Blog

Technology innovation is driving businesses to transform the traditional way of work into faster and more efficient processes. A business transformation process consists in changing the processes, the systems, and the technology adopted, to achieve measurable improvements in efficiency, effectiveness, and stakeholder satisfaction. 

Business Process Automation, also known as digital transformation, can accelerate impact across the business in a strategic and prioritised way, by introducing digital technologies. According to McKinsey, digital transformation helps to achieve 20% to 50% economic gains and a 20% to 30% increase in client satisfaction.  Due to such advantages, the digital transformation market is growing quickly.  Based on Zion Market Research, the Global Digital Transformation Market is valued at $374.8 Billion in 2020 and is projected to reach $889.8 Billion by 2028.

Digitalization can improve a business’s processes, providing new methods and opportunities.

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Socially responsible operations that track factors like environmental, social, and governance principles are more than just a feel-good phenomenon. They can affect credit risk and investment performance as well as your relationship with clients and vendors. In the era of climate change action and corporate social responsibility, managing ESGs through smart contracts is the next step in propelling businesses to high performance.

ESG criteria refer to Environmental, Social and Corporate Governance factors that are taken into account when investing in a company. Although their origin dates back several decades, they have become a reference for socially responsible investing in recent years.