Non-fungible tokens (NFTs) have surged in popularity in recent years, with millions of pounds exchanging hands for digital assets such as artwork, music, and collectibles. However, as the NFT market continues to grow, regulation challenges surrounding NFTs have become a pressing concern. One of the most debated issues involves royalties and intellectual property rights.
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In recent years, stablecoins have gained significant traction in the cryptocurrency market as a stable and reliable alternative to more volatile cryptocurrencies such as Bitcoin and Ethereum. Stablecoins are digital currencies pegged to stable assets like the US dollar or the euro, designed to maintain a steady value and suitable for various transactions, including payments, remittances, and trading. However, their rise has triggered regulatory concerns about their potential impact on the financial system, particularly regarding money laundering, financial stability, and consumer protection.
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Web3 introduces a revolutionary digital model designed to return control of data and interactions to users through decentralized technologies like blockchain and smart contracts. These tools guarantee transparency, security, and automation, eliminating intermediaries and creating a more equitable, user-centric Internet.
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In today’s digital-first world, effective data management is essential for businesses to stay competitive, ensure compliance, and build trust with stakeholders. With cyber threats on the rise and sensitive information flowing through contracts and operations, safeguarding data is no longer optiona it’s a business imperative. This article delves into the importance of robust data management, the risks of neglecting it, and how an innovative contract lifecycle management (CLM) platform like Trakti, certified to ISO 27001:2022 standards, can help.
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AI-based chatbots are software that rely on technologies like natural language processing and machine learning.
By using smart contracts, integrating AI systems into customer support can have a significant impact and help mitigate potential issues.
AI in customer support enables faster interaction with users and improves the overall customer experience, but its systems require considerable time, large datasets, and a lot of work.
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As Halloween approaches, it’s not just ghosts and goblins that haunt us, contractual agreements, with their spooky clauses, can also have their fair share of terrifying twists.
Just like a good horror story, a poorly crafted contract can lead to unforeseen consequences, misunderstandings, and even legal battles that can chill you to the bone.
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
