Digitalisation Archives - Page 2 of 3

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.

Evolving your procurement strategy with relational contracts

on October 29, 2022

Evolving your procurement strategy with relational contracts can be used to increase contract standardization and visibility across the entire supply chain – ensuring contracts are managed appropriately to secure supply and value for the organization.

Reading time: 3 minutes.

Why you should digitize your contracts in 2022

Why you should digitise your contracts in 2022

on September 9, 2022

The slow but steady move towards web3 means organizations face a host of unprecedented challenges when it comes to digital transformation. With more and more operations and services moved to the cloud, it becomes all the more important for organizations to adapt their internal processes and tools to the new situation, such as digitising contracts.

Trakti - Why e-signature is Important in This Digital Age

Why e-Signature is so important in the Digital Age

on November 10, 2021

With the advancement in technology, more and more organizations are moving to e-signatures as they are efficient, safer, reliable, and quicker as compared to the traditional means of signing.

The traditional signing of documents means printing out those papers, signing them, and sending them via mail or even through email as well as storing, distributing, and more which not only wastes a lot of paper but time as well.

Trakti contract innovation in real estate Photo by Aleksandar Pasaric from Pexels

Innovating Contracting in Real Estate

on October 28, 2021

Real estate, as in all commercial fields, has been a victim of the great uncertainty that the pandemic has brought to most industries.

There has been a drop in the number of contracts that have been signed. And the investment risk in real estate has grown, especially in the commercial sector.

Many people were not ready to manage negotiations through digital systems and didn’t have the tools to rent out apartments or commercial properties during a lockdown.

So how to implement contract innovation in real estate? Keep reading to find out 😉

Photo by Aleksandar Pasaric from Pexels

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?

Trakti digitalization of EIB bondsPhoto by fabio on Unsplash

Digitisation of EIB bonds on Ethereum Blockchain

on July 13, 2021

A few months ago, the EIB launched a digital bond issuance on Ethereum, deploying this distributed ledger technology for the registration and settlement of digital bonds, in collaboration with Goldman Sachs, Santander and Societe Generale.

Let’s see what this means for finance.

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

Digitalisation