Blockchain technology is today considered the most extreme frontier of dematerialisation. Blockchain and Smart contracts show potential, especially in the simplification and optimisation of contracting processes. When a process becomes fully digitised and automated in a transparent and immediate way, the opportunities for various industries increase.
Reading time: 3 minutes.
Automation
All posts tagged Automation
What is a contract legal approval workflow and how to accelerate it
on June 24, 2025The contract legal approval workflow can prove challenging, tedious, and time-consuming in a contract management process. Any legal document must be created, sent for review, approval, edited, and signed, generating back-and-forth emails and calls to negotiate it, involving generally multiple people.
Reading time: 4 minutes.
Read moreHow automation can reduce administrative costs through better contract management
on March 25, 2025As a result of the ongoing uncertainty, businesses must consider ways to minimize expenses while increasing profitability. One of the most important ways to accomplish this is through excellent contract management. In this post, we will look at how automation can reduce administrative costs through better contract management.
Read moreExploring Blockchain Layer 2 Smart Contract Solutions
on March 25, 2025Blockchain technology is undergoing a significant transformation, particularly with the advent of Layer 2 solutions. These advancements are crucial in addressing the scalability and efficiency challenges that have long been associated with blockchain networks, particularly in smart contract development. Layer 2 solutions are designed to operate on top of the base blockchain layer, known as Layer 1, to improve transaction throughput and reduce costs without compromising security. This article delves into the essence of Layer 2 technologies, their main features, and their impact on smart contract development.
Read moreWhy are digital signatures important for contract compliance
on March 18, 2025It’s safe to say that not many suppliers, if any, like receiving paper contracts and processing a bunch of paperwork. And once that paperwork is filled out, staff has to scan or manually enter information from those paper forms. It’s inefficient and time-consuming, and it’s why more and more companies are using digital signatures for contract compliance.
With e-signatures and digital forms, businesses can electronically fill out the forms at their convenience, and data is sent to the supplier automatically, so no more paperwork is necessary.
Read moreSelf-executing contract management
on January 29, 2025No code automation and self-executing contract management sound the same. However, there are subtle differences between the two. Here’s how you can identify which of the two is right for your business.Contract management and contract automation both address similar needs. But self-executing contract management requires very specific technology to work.
Read moreParametric insurance: why adoption has become a must!
on August 27, 2024In 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