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5 Steps to Sign and activate a Smart Legal Contract

on October 8, 2021

Contracts are fundamental for all transactions in the business world. But the recent market turmoil has highlighted the importance of digitalization of processes and adequate risk management.

In “conventional”, physical legal contracts, parties usually sign them with a handwritten/electronic/digital signature, depending on the form of the contract.

But as far as legal smart contracts go, how do parties sign and validate them? How can part B show its consent in adhering to part A’s smart contract? Are private and public keys used here?

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Trakti Building the ethical and sustainable supply chain of the future

Building the ethical and sustainable supply chain of the future

on September 27, 2021

We’re stepping into the next stage in consumer-business relationships. As consumer awareness of environmentally friendly practices increases, companies need to enact significant changes towards building the ethical and sustainable supply chain of the future. One that ensures sustainable sourcing, manufacturing and product distribution.

In this article we explore 6 concrete steps to make your supply chain more ethical and sustainable.

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What is the Role of a Contract Manager

on September 10, 2021

It can be mind-boggling to think about the thousands of processes and tasks that happen in the back of a company’s business operations. One such process is contract management. Effectively managing a large volume of contracts can be a challenge, and doing a poor job of it can be a costly mistake.

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5 KPI to measure for a successful CLM

5 KPIs to measure for a successful CLM

on September 10, 2021

Companies with intensive CLM activity regularly oversee agreements between their organization and other parties. As such, they need to measure results on an ongoing basis. For this reason, they depend on contract management KPIs to align goals, develop the right metrics, and watch the CLM closely. However, these indicators need to be smart and consistent to keep in check those that are relevant to your operations. 
To improve your company’s profitability and performance, there are 5 KPIs to measure for a successful CLM

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Trakti handle MBOs through smart contracts Photo by Jessica Lewis on Unsplash

How to handle MBOs through smart contracts

on September 10, 2021

Management By Objectives – MBO programs can be easily automated and adjusted through smart contracts to provide a greater range of options to both the HR admin and the employees they are created for.

Reading time: 4 minutes. Photo by Jessica Lewis on Unsplash.

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Trakti smart contract tokenization rewards Photo by Daniel J. Schwarz on Unsplash

How Smart contract tokenization rewards align your employees to your company

on September 7, 2021

Smart contracts have been designed to automate the execution of an agreement and allow parties to agree with the outcome of an event without the need for a central authority.

With the help of smart contract tokenization rewards, companies can effectively keep their workers in the loop and timely appreciate them for their efforts.

More and more companies are turning to smart contract automation, with the objective to overcome operational challenges and enhance employee productivity. 

Reading time: 4 minutes. Photo by Daniel J. Schwarz on Unsplash.

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Preparing a business proposal on Trakti

How to write a business proposal for a successful deal

on September 3, 2021

Sooner or later you’re going to write a business proposal, either because someone asked for it, or because you want to make a persuasive case that leads to a sale. Where do you start? How to write a business proposal? What are the rules? Since one of the goals of a business proposal is to persuade a potential customer to do business with you, it is important that you answer all questions.

Not only are you trying to present your business to potential customers and talk it up, but you are also trying to make a lasting impression on your prospect. So you want to ensure the proposal does its job- acting as a formal and efficient selling tool.

Photo by Christin Hume on Unsplash

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