Smart legal contracts

All posts tagged Smart legal contracts

Blockchain and smart contract technologies success relies heavily on lawyers

on November 18, 2020

There is no doubt as to the vast benefits of using blockchain and smart contract technologies as a way to create a fair and transparent approach towards commercial contracting.

Being so nascent, blockchain presents a unique opportunity for lawyers to position themselves as trusted strategic advisors to clients. However, the question regarding the regulatory framework surrounding blockchain technology remains.

It is necessary for lawyers to get on with the times and become familiar with blockchain and smart contracts technologies and especially understand how it is impacting clients and how it may impact the legal profession as a whole.

Reading time: 4 minutes, Photo by Mateus Campos Felipe on Unsplash

Read more

To trust or not to trust? Building with Trakti a trustworthy business ecosystem

on November 16, 2020

If you work at a large enterprise, you know business ecosystems can get complex. You also know how much is important to work in a trustworthy business ecosystem.

With liability scattered among multiple parties, the contracts reflecting all those transactions and agreements also grow in complexity. Companies need a trustworthy business ecosystem where they can operate in confidence and manage contracts efficiently. 

Smart Contracts operating on the Blockchain provide just that, but how to start using them?

Reading time: 3 minutes, Photo by Alexandra Gorn on Unsplash

Read more

Compliant contracts: how to hit the target

on November 4, 2020

Contracts are assets to manage business risk. They are essential for the containment and control of costs, for the prevention of damage and for the actions of counterparties. Contracting and compliance are intertwined facets and require methodical oversight. An effective contract management plan not only enforces compliance and mitigates risk, but also ensures better relationships between contractual parties.

Reading time: 3 minutes , Photo by Alexandre Lion on Unsplash

Read more