blockchain

All posts tagged blockchain

Increase sales compliance through contract automation

on December 3, 2021

Blockchain has the potential to fundamentally change the way organizations do business.

In the retail sector, blockchain is finding a lot of applications: from revolutionising loyalty programs and digitising product warranties to potentially allowing for the development of peer-to-peer marketplaces that could compete with the likes of eBay or Airbnb. 

Let’s see how increase sales compliance through contract automation …

Reading time: 4 minutes. Photo by Cam Bradford on Unsplash

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traktiIncrease sales compliance through contract automation

5 Steps to Sign and activate a Smart Legal Contract

on October 8, 2021

Contracts are fundamental for all transactions in the business world. But the recent market turmoil has highlighted the importance of digitalization of processes and adequate risk management.

In “conventional”, physical legal contracts, parties usually sign them with a handwritten/electronic/digital signature, depending on the form of the contract.

But as far as legal smart contracts go, how do parties sign and validate them? How can part B show its consent in adhering to part A’s smart contract? Are private and public keys used here?

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galina5 Steps to Sign and activate a Smart Legal Contract

Automating controls and compliance with blockchain

on July 28, 2021

Automating controls and compliance with blockchain is the next step in the digital transformation of companies of all sizes and types. Blockchain technology can create greater efficiency than we’ve ever known, while reducing delays, costs and errors. 

Reading time: 3 minutes. Photo by Maximalfocus on Unsplash.

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traktiAutomating controls and compliance with blockchain

Decentralization over blockchain infrastructures: the property-contract interface

on July 13, 2021

Decentralization over blockchain infrastructures is a fundamental aspect in the adoption of the technology and is the main reason why it has acquired increasing importance in the last decade. The technology emerged to implement peer to peer transactions of digital money that could displace commercial banks’ gatekeeping of digital transactions of bank deposits and central banks’ monopoly over the value (and therefore supply) of fiat money. And it has gone a long way since then.

Reading time: 10 minutes. Photo by Thought Catalog on Unsplash.

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traktiDecentralization over blockchain infrastructures: the property-contract interface

Friction points smart contracts can solve

on June 30, 2021

The application of smart contracts can streamline transactions across the globe. Friction points smart contracts can solve begin with the automation of trust between parties. This is blockchain’s primary purpose.

Smart contracts can reduce the operational friction required to validate ownership, identity and contractual terms by allowing participants to interact directly with one another with no middlemen providing verification. 

Reading time: 5 minutes. Photo by Ehimetalor Akhere Unuabona on Unsplash.

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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

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traktiWhat are Smart Contract Oracles and Why We Need Them