Trakti Smart "Legal" Contracts Blog

Legal Design: a new pillar to draft better contract

on July 28, 2023

Legal design is a multidisciplinary approach that combines law, design, technology, psychology, and other fields to reimagine the way legal information is presented and accessed, ultimately making the law more inclusive and understandable for everyone. 

Legal design recognises that traditional legal materials can be complex, confusing, and inaccessible to many people, leading to barriers in accessing justice and understanding legal rights and obligations.

 Reading-time: 5 minutes

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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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The Hidden Cost of Disruptive Events: Managing Risks and Ensuring Supply Chain Resilience

on May 28, 2023

Maintaining business continuity requires managing threats and the risk of business disruption. Disruptive events can stem from financial, operational, cyber, ESG, natural disasters, and supply chain disruptions.
Predicting disruptive events can be challenging, especially when referring to unknown risks that can arise suddenly.
Organisations can reduce risk exposure and even eliminate the impact of a particular type of risk event through careful planning, the use of tools, and the adoption of effective risk management processes.

Reading time: 3 min

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Automation for HR team how to track performance

on May 9, 2023

In today’s fast-paced world, automation has become integral to every business process. It has proven to be a game-changer for HR teams who can leverage it to streamline operations, save time, reduce errors, and improve productivity. By implementing automation, human resources teams can focus on more strategic tasks requiring human intervention, such as building employee relationships and improving employee engagement. 

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NFT and copyright: why you need a Smart legal contract to cover all the elements

on May 5, 2023

NFTs are business keys of the future “metaverse”. The Non-Fungible Tokens (NFT) indicate a digital certificate of authenticity to uniquely identify a digital product created on the internet. 
Each NFT contains a unique serial number, known as a hash. This cryptographic key is generated from a specific digital file and makes NFTs traceable and incapable of duplication.   

However, while technological progress advances, a review of the protection system is required to follow digital development and to guarantee legal protection, even to NFTs.

Reading time: 5 minutes

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How Smart Contracts can affect Human Resources functions

on April 6, 2023

An onboarding process is articulated and requires planned coordination between the new employee and the diverse departments of a company. This process should be focused instead to facilitate the integration for the new hires and allow them to learn more about the organisation, the requirements of the new role, the new team, the values​​, and the philosophy of a company. Setting up an integrated and agile plan for new employees can improve productivity, retain the best professionals in the company, and reduce Human Resources costs.

Reading time: 3 minutes.

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