The global community faces an unprecedented challenge: combating climate change and transitioning to a sustainable future. Innovative solutions are required to address this urgent issue, and digital technologies have emerged as powerful tools in the fight against climate change. Among these technologies, blockchain, web3, and regenerative finance have the potential to make a significant impact on climate action and support the decarbonisation of our world.
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In the dynamic realm of blockchain technology, Avalanche shines as a beacon of innovation and promise. Renowned for its unmatched scalability and speed, Avalanche has captivated the attention of cryptocurrency experts and investors worldwide. Recently, on March 27, we were honored to engage in a dialogue with Martin Eckardt, a pivotal figure in the development of Avalanche.
Reading time: 5 min
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In the realm of modern business, where digital transactions reign supreme, compliance with regulatory standards is non-negotiable. Trakti, a pioneering force in contract lifecycle management, continues to lead the charge to revolutionise the way companies address compliance requirements. Building on its tradition of innovation, Trakti is excited to announce the launch of its latest innovation: DORA compliance made simple.
Reading time: 5 min
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Currently, ESG issues have become a major concern for businesses. To efficiently address these issues, enterprises must build quality and/or quantity monitoring systems. However, in traditional monitoring systems, data tempering and centralized storage have become barriers to reliability. Furthermore, due to lack of automation, traditional monitoring systems are inefficient.
Fortunately, Blockchain technologies and smart contract can provide all we need to overcome the above disadvantages and deficiencies.
Reading time: 4 minutes
Open Banking is an innovative model for banks and the financial industry. We can define open banking as a digital technology that revolutionised banks and financial services. Its aim is to establish, support, and strengthen clients’ trust. It allows banks to offer more agile financial services to their customers, helping them to make better decisions, and save money.
When Open banking comes with contractual automation, it can reduce financial management costs.
Digital disruption, FinTechs and Regulatory compliance such as the Revised Payment Services Directive (PSD2) have accelerated the competition in the financial sector and forced banks to open and speed up their systems.
APIs are used for sharing financial data in the open banking ecosystem. Using API, banks can now remodel and innovate their core systems.
Reading time: 4 min
Organisations have lots of business relationships dictated by contracts and their terms. While contract managers work diligently to keep track of contract terms, provisions, and obligations in a methodical fashion – there are additional solutions for contract management.
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In today’s rapidly changing and competitive market, procurement departments are under pressure to deliver value beyond cost savings. Companies are continuously looking for areas where they can improve the efficiency of their procurement process while making it more sustainable.
However, to achieve this, crucial decisions need to be made based on the right data and metrics; Tracking essential KPIs for procurement management is vital. While these metrics can vary from company to company, there are several fundamental procurement KPIs that should be considered, regardless of industry.
Reading time: 3 minutes.
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