All posts tagged Blockchain
More and more enterprises are turning to smart legal contracts for managing supply chain ecosystems efficiently. Smart legal contracts can provide secure, accessible digital versions to all parties in a single transaction. In addition, they can also manage the workflow of approvals and automatically transfer upon all signatures being collected.
Reading time: 4 minutes. Photo by Sigmund on Unsplash
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The relationship between blockchain and supply chains has developed in recent years. Thanks to concrete examples and successful pilots, blockchain and smart contracts for supply chain automation are now gaining momentum.
In less than a decade we’ve started to see real-world applications and how some industries are already reaping the benefits. Distributed ledger and blockchain technology clearly have many far-reaching implications for global trade and supply chains.
Reading time: 3 minutes. Photo by frank mckenna on Unsplash
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Smart contracts – the advent of blockchain technology – are becoming an effective tool to measure economic health as they take CLM systems and businesses to the next level.
Reading time: 4 minutes. Photo by Michael Longmire on Unsplash
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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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The adoption of smart contracts has the potential to connect buyers and sellers on a whole new level. The uniqueness and conformity checks in blockchain can enhance payment capabilities and innovate O2C and P2P processes.
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When you think about how to align and automatically update CRM data with contract data, it’s important to consider the benefits of streamlining the entire contract process. Superior contract management solutions take advantage of customer relationship management (CRM) technology to deliver a client-focused service for your business.
Reading time: 3 minutes. Photo by Austin Distel on Unsplash
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Redesigning your contract using Legal Design Principles presents a way to streamline contracts to make them more understandable to everyone who reads them. Achieving such a level of standardization means your contracts are clear, legible, and binding.
Reading time: 3 minutes. Photo by Ben Kolde on Unsplash
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