Trakti Smart "Legal" Contracts Blog

Regulatory landscape for crypto-assets in the EU and UK

on July 4, 2023

The EU brings crypto-assets, crypto-assets issuers and crypto-asset service providers under a regulatory framework. Setting an EU level legal framework for this sector for the first time, the Council  adopted a regulation on markets in crypto-assets (MiCA). The rules impose a number of requirements on crypto platforms, token issuers and traders around transparency, disclosure, authorization, and supervision of transactions. 

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The Hidden Cost of Disruptive Events: Managing Risks and Ensuring Supply Chain Resilience

on May 28, 2023

Maintaining business continuity requires managing threats and the risk of business disruption. Disruptive events can stem from financial, operational, cyber, ESG, natural disasters, and supply chain disruptions.
Predicting disruptive events can be challenging, especially when referring to unknown risks that can arise suddenly.
Organisations can reduce risk exposure and even eliminate the impact of a particular type of risk event through careful planning, the use of tools, and the adoption of effective risk management processes.

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Automation for HR team how to track performance

on May 9, 2023

In today’s fast-paced world, automation has become integral to every business process. It has proven to be a game-changer for HR teams who can leverage it to streamline operations, save time, reduce errors, and improve productivity. By implementing automation, human resources teams can focus on more strategic tasks requiring human intervention, such as building employee relationships and improving employee engagement. 

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NFT and copyright: why you need a Smart legal contract to cover all the elements

on May 5, 2023

NFTs are business keys of the future “metaverse”. The Non-Fungible Tokens (NFT) indicate a digital certificate of authenticity to uniquely identify a digital product created on the internet. 
Each NFT contains a unique serial number, known as a hash. This cryptographic key is generated from a specific digital file and makes NFTs traceable and incapable of duplication.   

However, while technological progress advances, a review of the protection system is required to follow digital development and to guarantee legal protection, even to NFTs.

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How blockchain can make the legal sector more accessible?

on May 3, 2023

The legal sector is often considered one of the world’s most complex and traditional industries. It is an industry steeped in tradition for centuries, with many practices that have remained essentially unchanged for decades. However, despite the long-standing practices, the legal sector has faced several issues that make it difficult to access for many people. This post will explore how blockchain technology can make the legal sector more accessible and how Trakti’s smart contract automation platform can help you achieve this goal.

The legal sector is traditionally known for being complex and expensive, with many barriers to entry. However, blockchain technology can make the legal sector more accessible, transparent, and efficient.

One of the key benefits of blockchain technology is its ability to provide a secure, transparent, and tamper-proof record of transactions. In the legal sector, blockchain can be used to store and manage contracts, ensuring that they are executed securely and transparently. Utilising blockchain technology can increase trust between parties, reduce the risk of fraud and errors, and streamline the contract negotiation and management process.

Trakti’s smart contract automation platform takes the power of blockchain technology to the next level, by providing a user-friendly platform for contract negotiation and management. With Trakti, you can create, negotiate, and execute contracts using smart contracts, which are self-executing and self-enforcing. This means that you can automate many of the processes involved in contract negotiation and management, saving time and money while ensuring that the contracts are compliant and secure.

Trakti’s platform also allows for real-time collaboration between parties, which increases transparency and reduces the risk of misunderstandings. Trakti’s platform also offers customizable templates and workflows, making creating contracts tailored to your specific business needs easy.

By utilizing Trakti’s platform, you can make the legal sector more accessible by reducing the barriers to entry for contract negotiation and management. Trakti’s platform is user-friendly, efficient, and secure, making it an ideal solution for businesses of all sizes. Whether you are a small business owner or a large corporation, Trakti’s smart contract automation platform can help you streamline your contract negotiation and management processes, increasing transparency and reducing the risk of fraud and errors.

How can Trakti help legal firms

Blockchain technology has the potential to make the legal sector more accessible by increasing transparency, reducing the risk of fraud and errors, and streamlining contract negotiation and management processes. Trakti’s smart contract automation platform takes the power of blockchain technology to the next level, providing a user-friendly solution for businesses of all sizes.

So why wait? Sign up for Trakti today and start experiencing the benefits of blockchain technology in the legal sector!

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How Smart Contracts can affect Human Resources functions

on April 6, 2023

An onboarding process is articulated and requires planned coordination between the new employee and the diverse departments of a company. This process should be focused instead to facilitate the integration for the new hires and allow them to learn more about the organisation, the requirements of the new role, the new team, the values​​, and the philosophy of a company. Setting up an integrated and agile plan for new employees can improve productivity, retain the best professionals in the company, and reduce Human Resources costs.

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