Trakti | Smart Legal Contract Blog - Page 4 of 26

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

Digital inheritance: how blockchain and smart contracts can secure the transfer of rights to digital assets

on May 27, 2024

Business is going digital and digitisation has spread throughout all areas of private law, including inheritance law. “Digital inheritance” is a term in law, and refers to the transfer of rights to digital assets.
A Digital asset can be defined as a personal property owned by an individual which is stored in a digital form, therefore any digital data that a person leaves, after his death, stored on diverse types of digital devices and in the cloud. This includes a multitude of digital formats and their respective metadata: from your online accounts, including banking information, to social media passwords.

Reading time: 4 min

Advantages of the no code approach for Legaltech

on May 26, 2024

The no-code movement is a trend that can also offer a lot of potential benefits for the legal and administration sectors.
According to Gartner, no-code and low-code application development will be responsible for more than 65% of application development activity by 2024.
No-code platforms can revolutionise the way legaltech approaches its internal innovation and automation of key tasks.
No-code tools and technologies can help lawyers to efficiently drive their business.
This is certainly a challenge with regards to user experience, as no code applications transform and simplify the way we can all interact with the interface of an app or software.

Reading time: 3 min

Using blockchain for climate action

on April 29, 2024

The global community faces an unprecedented challenge: combating climate change and transitioning to a sustainable future. Innovative solutions are required to address this urgent issue, and digital technologies have emerged as powerful tools in the fight against climate change. Among these technologies, blockchain, web3, and regenerative finance have the potential to make a significant impact on climate action and support the decarbonisation of our world.

In Depth with Martin Eckardt the Future of Avalanche and the Blockchain Revolution

The Avalanche Blockchain: in Depth with Martin Eckardt

on April 4, 2024

In the dynamic realm of blockchain technology, Avalanche shines as a beacon of innovation and promise. Renowned for its unmatched scalability and speed, Avalanche has captivated the attention of cryptocurrency experts and investors worldwide. Recently, on March 27, we were honored to engage in a dialogue with Martin Eckardt, a pivotal figure in the development of Avalanche.

Reading time: 5 min

Trakti unveils DORA compliance made simple

on April 4, 2024

In the realm of modern business, where digital transactions reign supreme, compliance with regulatory standards is non-negotiable. Trakti, a pioneering force in contract lifecycle management, continues to lead the charge to revolutionise the way companies address compliance requirements. Building on its tradition of innovation, Trakti is excited to announce the launch of its latest innovation: DORA compliance made simple.

Reading time: 5 min

Smart legal contracts and monitoring clauses

on March 12, 2024

Currently, ESG issues have become a major concern for businesses. To efficiently address these issues, enterprises must build quality and/or quantity monitoring systems. However, in traditional monitoring systems, data tempering and centralized storage have become barriers to reliability. Furthermore, due to lack of automation, traditional monitoring systems are inefficient.

Fortunately, Blockchain technologies and smart contract can provide all we need to overcome the above disadvantages and deficiencies.

Reading time: 4 minutes

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