Blockchain

All posts tagged Blockchain

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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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 Blockchain Technologies in Logistics Can Shape the Future

on November 21, 2022

The term “Logistic Operations” is mostly used for the process of moving finished goods, starting from the manufacturer, and moving to the end user. But, even after the delivery of the goods, for returns and guarantees, it is part of the customer journey and satisfaction.
In traditional businesses, companies run their Logistic Operations internally and/or based on human trust or hard copy contracts/documents.
However, Globalization and the hype in e-commerce activities forced companies to partner with Contract Logistics for their expertise, or to innovate their Logistic Operations workflow.
Today, the latest trend is using blockchain technology in Logistics.
But how can blockchain technology in Logistics shape the future?
We will see in a short while!

Reading time: 4 min

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Automating business operations- why is so crucial

Automating business operations: why is so crucial

on November 17, 2022

We are rapidly approaching a new historical period where activities traditionally performed manually, are more and more done automatically by machines. 

The adoption of automated applications and systems aims to streamline operations by removing the need for manual and repetitive tasks to more efficiently manage key operations processes. 

According to SalesForce: “47% of Businesses see the largest ROI from Automation in their operation department”.

Reading time: 3 min

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Trakti How to conduct KYC checks (properly)

How to conduct KYC checks (properly)

on November 7, 2022

KYC and related processes such as Anti Money Laundering and identity fraud controls are one of the main challenges that companies and institutions are facing at the moment. 

These procedures are timely and expensive, and many businesses have had to update the way they conduct KYC as they could not rely on the standard methods they had adopted.

Luckily many innovative solutions exist to make the whole thing much quicker. And less expensive. All this while connecting to international databases and making it part of an automated stream for customer and supplier onboarding.

Reading time: 4 minutes.

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