Trakti Smart "Legal" Contracts Blog

How Smart Contracts Are Transforming IT Operations

on July 24, 2025

Process automation and decentralised services have started growing exponentially in the post-pandemic improving business management.
By automating processes, end-to-end contract management solutions enable the monitoring of all phases of the contractual and production process. An integrated approach can simplify many business processes while improving the relationship with customers and suppliers.
Smart contracts can increase efficiency levels, reduce costs, and enable fast and secure transactions in various industry sectors.
In this article we will explain how Smart contracts can also improve IT departments, making business processes more efficient and secure.

According to Market Research Future, the Smart contracts market is expected to reach $9.2 Billion by 2032.
Smart contracts are programs stored on a blockchain that run when predetermined conditions are met. They are typically used to automate the execution of an agreement allowing all the participants to immediately verify the outcome, avoiding time consumption and intermediary involvement.
Smart contracts can bring the following benefits to IT:

  • Transparency: Created and housed on a blockchain, their transaction record is available and immutable 
  • Cost-effective: By automating manual processes, they can replace intermediary costs 
  • Time-Saving: Smart contracts accelerate processes
  • Security: Blockchain technology makes transactions more secure due to its decentralised structure
  • Lower-Risk: Smart contracts eliminate the risk of manipulation by third parties, as intermediaries to confirm the agreement are not needed
  • Accuracy: During the process of contract preparation, Smart contracts cut off manual mistakes.

By automating traditional IT business workflows, Smart contracts reduce systemic risk, lower costs, and create new highly transparent asset classes. 
The adoption of automation tools can improve IT departments operations with automated maintenance, reporting on issues status, ticketing, and troubleshooting.

One of the biggest challenges for IT is managing software licences, the standard way to track if purchases have been lost or stolen. Transforming the “licence” into a simple verification of access through a distributed network, a user would or wouldn’t have access to the software based on the vendor’s blockchain.

The adoption of blockchain is a crucial key for IT departments also when referring to authenticating devices. By adopting Smart contracts on a blockchain network, it would be much easier to verify ownership. If an unauthorised party attempts to log in to a stolen device, the distributed network will deny it.

Smart contracts & blockchain

Smart contracts based on the blockchain can improve efficiency, security, transparency, and tracking by reducing the operational attrition required to validate ownership, identity, and contractual terms. This aspect allows participants to interact directly, enabling data sharing and bringing real improvement to certain parts of a business process.
By design, blockchain creates a permanent, unchangeable record of real-time data that no one can alter or delete. 

Keeping the user’s information anonymous, the blockchain validates and keeps a permanent public record of all transactions. 
The data stored can be anything from component purchase prices or specific details of assets, up to time-stamped records of an end-to-end process. All information stored in a blockchain is encrypted. The application of blockchain in IT business processes will improve the transparency and traceability of the asset. While all activity is transparent and incorruptible, personal information remains private and secure.

Based on real-time communication, Smart contracts increase visibility in any supply chain, facilitating suppliers onboarding and checks, building stronger relationships and increasing trust, easing critical work, and adding flexibility and innovation in handling situations.
Blockchain technology supports the creation and control of a supply ecosystem with more dynamic links that can be changed, according to the business requirements. 

IT departments can also benefit from the blockchain and Smart contracts during the pre-screening phase of vendors and suppliers, such as checking their compliance with the relevant standards and regulations or when requesting third-party references.

What about Trakti

Trakti is a unified cloud-based end-to-end platform for smart, self-executing, and compliant contracts running on both private and public blockchain, designed to streamline the contracting process.

It is well known that the automation of an end-to-end journey of contracts helps customers to reduce operation costs by 30% while increasing productivity by more than 50%.
With over 30 no-code features, Trakti helps you automate contract signing, payments, reviews, and identity verification.

On our platform, you can simply integrate eIDAS compliance signatures, KYC, and AML processes to ease your supplier checking, tracking, and auditing during the onboarding process. Trakti Smart contracts and the Json API allow monitoring of the quality of vendors’ services and the automatic activation of the payment of the agreed price for the detected service level.

Our priority is building trust between the parties, supporting in smoothly and easily creating, running, and managing your deals online.

Trakti provides an agile and compliant environment to facilitate the creation of dynamic and trusted business ecosystems, breaking down corporate back office silos, reducing costs, and increasing operational efficiencies during the contracting process.

Explore what Smart contracts can do for your IT department.

Activate now a free trial with Trakti!

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