Trakti | Smart Legal Contract Blog - Page 19 of 23

Trakti Blockchain for automation in supply chain operation

How we can use blockchain and smart contracts for supply chain automation to avoid future disruption

on June 8, 2021

The relationship between blockchain and supply chains has developed in recent years. Thanks to concrete examples and successful pilots, blockchain and smart contracts for supply chain automation are now gaining momentum.

In less than a decade we’ve started to see real-world applications and how some industries are already reaping the benefits. Distributed ledger and blockchain technology clearly have many far-reaching implications for global trade and supply chains.

Reading time: 3 minutes. Photo by frank mckenna on Unsplash

Smart Contracts as a measure of economic health

Smart contracts as a tool for achieving greater economic health

on June 2, 2021

Smart contracts – the advent of blockchain technology – are becoming an effective tool to measure economic health as they take CLM systems and businesses to the next level.

Reading time: 4 minutes. Photo by Michael Longmire on Unsplash

What are Smart Contract Oracles and Why We Need Them

on May 31, 2021

Smart Contract Oracles are the bridge that connects blockchain to real-world data. Oracles enable smart contracts’ functionalities to extend beyond the chain they run on.

Reading time: 3 minutes. Photo by Greg Rakozy on Unsplash

What talents want: attracting talents with fast contract onboarding

on May 31, 2021

Do you have a talent-attraction strategy yet? Are you ready for future jobs that haven’t been invented yet? To attract talent, you have to be an employer brand, namely the much sought-after smart company that every smart person wants to join. In other words, you have to be the digital leader they are looking for! Therefore, you need to start by attracting talents with fast contract onboarding.

But how to be a digital leader? Let’s find out together.

Reading time: 3 minutes. Photo by bruce mars on Unsplash.

Uniqueness and conformity checks in blockchain

on May 24, 2021

The adoption of smart contracts has the potential to connect buyers and sellers on a whole new level. The uniqueness and conformity checks in blockchain can enhance payment capabilities and  innovate O2C and P2P processes.

Reading time: 3 minutes.

Supplier Qualification and Onboarding: definitions and flows for a successful vendor management

on May 19, 2021

The COVID-19 pandemic is challenging procurement teams to rethink the whole Supplier Qualification and Onboarding process, with active suppliers adjusting how they work, and new suppliers bypassing the qualification process for initial onboarding to keep operation flowing.

However, the Supplier Qualification Management (SQM) is essential to mitigate all the risks connected to the onboarding process, which can seriously affect your business. That’s why in this article we are going to define what is Supplier Qualification and why you need to implement right the qualification for initial onboarding.

Reading time: 3 minutes. Photo by Piermanuele Sberni on Unsplash

How to align and automatically update CRM data with contract data

on May 18, 2021

When you think about how to align and automatically update CRM data with contract data, it’s important to consider the benefits of streamlining the entire contract process. Superior contract management solutions take advantage of customer relationship management (CRM) technology to deliver a client-focused service for your business.

Reading time: 3 minutes. Photo by Austin Distel on Unsplash

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