Smart contracts Archives - Page 5 of 6

Trakti Contract obligation management and control Photo by Nick Fewings on Unsplash

Obligation management and controls with Smart Legal Contracts

on June 30, 2021

Contract obligation management and controls with smart legal contracts offer a more secure and streamlined way to achieve an effective and automated contract management system.

Contract management has long been the norm for many industries looking to streamline their supplier and vendor relations. However, the process of managing contract creation, execution, and analysis has historically been plagued by inefficiencies and error due to the manual work involved. That is why we’re seeing a new standard in the form of contract obligation management and control with smart legal contracts.

Reading time: 3 minutes. Photo by Omar Flores on Unsplash.

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.

Smart Legal Contracts for Managing Supply Chain Ecosystems Efficiently

on June 11, 2021

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

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

How to align and automatically update CRM data with contract data

on May 18, 2021

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

Supply chain resilience in the face of a global pandemic

on May 12, 2021

The COVID-19 pandemic has had a dramatic effect on global trade, disrupting industries, economies, and supply chains. Prolonged lockdown periods caused a supply and demand shock. Governments, businesses, and individual consumers struggled to procure basic products and materials. Most of them were forced to confront the fragility of the modern supply chain to achieve better supply chain resilience.

Reading time: 3 minutes. Photo by Brett Jordan on Unsplash

How Asset tokenization will transform financial markets for good

on April 19, 2021

The tokenization of assets is creating a new economy by reshaping financial markets through the inherent qualities of DLTs. Asset tokenization is creating a new financial market that is more democratic, efficient, and global.

Reading time: 5 minutes, Photo by Donny Jiang on Unsplash

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