Trakti Smart "Legal" Contracts Blog

The importance of contract automation and its benefits for a business

on January 30, 2023

Contract Management is a crucial step for any business and represents the key link between strategy and execution plans. Contracts are the most cardinal documents for each type of company, beyond its size and its industrial sector.
Managing contracts in a proper way can make a difference by providing organisational support and driving major improvements to the business’ goals without upending the strategy.
Contracts automation platforms can transform Contract Lifecycle Management.

Reading time: 4 minutes.

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Why ESG is important for procurement and supply chain future

on January 19, 2023

Environmental, social, and governance (ESG) is currently a contentious issue for both employers and employees. ESG reporting is both a moral requirement and a wise commercial decision. Particularly Gen Z and Millennial workers are aware of ESG issues and how they impact both existing and future workplaces. It is crucial to comprehend the highest degree of ESG, supply chain ESG, and the reasons why ESG is important for procurement and supply chain future.

Reading time: 4 minutes

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Smart performance evaluation for tokenized supplier qualification

Smart performance evaluation for tokenized supplier qualification

on January 16, 2023

We’ve been looking towards blockchain technology for years in the hopes of enabling holistic traceability in smart supply chains and manufacturing networks. As the business sector becomes increasingly complex and decentralized, spanning across multiple manufacturing areas, factories, and even countries, smart contracts are the answer for creating timed supplier qualification certifications through tokens on the blockchain. They can connect to performance indicators in the smart contracts that govern it.

Since the general purpose of a smart contract allows for autonomous verification of qualification criteria and standards, it is ideal for supplier performance monitoring.

Reading time: 3 minutes

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Guide to Supplier onboarding and qualification

Guide to Supplier onboarding and qualification

on January 9, 2023

When it comes to supplier onboarding and qualification, both enterprises and small and medium businesses benefit from having a process in place. You can optimize time spent onboarding suppliers and reduce errors with something as simple as automation. And one possible way is by leveraging smart contracts and blockchain technology. 

Reading time: 4 minutes.

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Sponsoring Blockchain Expo Trakti | Blockchain Adoption in Enterprises

on December 15, 2022

An Interview to Romina Zorzini, Trakti Legal Architect 

Trakti was one of the sponsors of the Blockchain Expo Global held in London on Dec-1 and Dec-2. Our CEO, Luigi Telesca has made a speech on the Blockchain for Enterprise stage about How to Scale Blockchain Technology Adoption in Enterprises. During the event, our team, including our CTO Mahfuzul Islam, was glad to receive a huge interest from the business and legal industries at our booth.  
As promised, we asked our Legal Architect, Romina Zorzini few insights about the event, blockchain technology, and Trakti’s positioning in it.
Let’s see together what she told us. 

Reading time: 6 min

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How to setup Contract lifecycle management

How to setup Contract lifecycle management

on December 14, 2022

The adequate management of contracts is essential for the smooth running of any company. But contracts are too important to be processed and stored manually. This is why lots of companies are now going digital. In recent years, Contract lifecycle management software has transformed how businesses manage their contracts. Now, we’re looking towards the next step in contract digitalization. Today, we look into how to set up Contract lifecycle management (CLM) with the help of Smart contracts.

Reading time: 4 minutes.

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The future of contracts: a new look for Trakti

on November 21, 2022

In the previous article, we anticipated the big graphic change that Trakti is ready to publish. Below I will explain the process of creating the company logo: a long and demanding path that has led to a great result.

Happy reading.

Reading time: 5 minutes.

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