Smart contracts Archives

Exploring Blockchain Layer 2 Smart Contract Solutions

on March 25, 2025

Blockchain technology is undergoing a significant transformation, particularly with the advent of Layer 2 solutions. These advancements are crucial in addressing the scalability and efficiency challenges that have long been associated with blockchain networks, particularly in smart contract development. Layer 2 solutions are designed to operate on top of the base blockchain layer, known as Layer 1, to improve transaction throughput and reduce costs without compromising security. This article delves into the essence of Layer 2 technologies, their main features, and their impact on smart contract development.

Capitalising for Contract data to optimize and orchestrate processes efficiently

on February 24, 2025

You have all the data that your company’s contracts contain, but what do you do with it? Organize it? Optimize it?
There is a huge amount of data that you can get by using a contract data management system and leveraging Smart contract functionality.
It will allow you to extract valuable information from your contacts and improve the efficiency of your operations.
So let’s learn more about capitalising for Contract data to optimize and orchestrate processes efficiently.

Capitalizzare i dati contrattuali per ottimizzare e orchestrare i processi in modo efficiente

on February 24, 2025

Hai tutti i dati contenuti nei contratti della tua azienda, ma cosa ne fai? Li organizzi? Li ottimizzi?
Un sistema di gestione dei dati contrattuali, sfruttando la funzionalità degli Smart contract, ti consente di ottenere una grande quantità di informazioni preziose. Questo ti permetterà di estrarre dati di valore dai tuoi contratti e migliorare l’efficienza delle tue operazioni.Scopriamo quindi come capitalizzare i dati contrattuali per ottimizzare e orchestrare i processi in modo efficiente.

Trakti: the no-code smart contracts platform

on January 29, 2025

Many people are aware of the inherent connection between blockchain technology and cryptocurrencies. However, blockchain’s potential goes far beyond digital assets, it serves as a powerful infrastructure for automation, security, and transparency in various industries. One of its most transformative applications is in smart contracts, which are revolutionizing the way agreements are created, executed, and enforced.

Smart contracts are the backbone of the blockchain. The self-executing contracts put into operation any task using a computer code and execute it by a network system without any human input following its initiation by the parties. Since a smart contract is executed and performed autonomously without risk of tampering, there are vast opportunities for implementation in the business sector. Especially when it comes to no code smart contract drafting.

Parametric insurance: why adoption has become a must!

on August 27, 2024

In the insurance industry, blockchain technology is already proving to be a game-changer. With the increasing use of smart legal contracts, insurance companies can now benefit from increased transparency, and efficiency in their operations through the use of parametric insurance.

Smart legal contracts and parametric insurance are both technologies that can be used to automate and simplify certain aspects of insurance contracts and can be used together to create more efficient and reliable insurance products.

Reading time: 4 minutes

Open banking and contractual automation to reduce financial management costs

on March 12, 2024

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

Blockchain mediation and arbitration with smart contracts

on July 6, 2023

Companies can achieve better Blockchain mediation and arbitration with smart contracts. Blockchain’s capacity to expedite and simplify the entire commercial process will have a flow-on benefit to both the enforcement and procedural components of arbitration.

Reading time: 3 minutes.

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