Posts

Protecting Data: Why Businesses Need ISO 27001 and Innovative CLM Solutions

on December 6, 2024

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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The use of AI in customer support: impacts and damage limitation through the use of smart contracts

on November 12, 2024

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.




Reading time: 4 min

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Spooky clauses in your contracts

on October 22, 2024

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.

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Parametric insurance: why adoption has become a must!

on August 27, 2024

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

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Digital inheritance: how blockchain and smart contracts can secure the transfer of rights to digital assets

on May 27, 2024

Business is going digital and digitisation has spread throughout all areas of private law, including inheritance law. “Digital inheritance” is a term in law, and refers to the transfer of rights to digital assets.
A Digital asset can be defined as a personal property owned by an individual which is stored in a digital form, therefore any digital data that a person leaves, after his death, stored on diverse types of digital devices and in the cloud. This includes a multitude of digital formats and their respective metadata: from your online accounts, including banking information, to social media passwords.

Reading time: 4 min

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Advantages of the no code approach for Legaltech

on May 26, 2024

The no-code movement is a trend that can also offer a lot of potential benefits for the legal and administration sectors.
According to Gartner, no-code and low-code application development will be responsible for more than 65% of application development activity by 2024.
No-code platforms can revolutionise the way legaltech approaches its internal innovation and automation of key tasks.
No-code tools and technologies can help lawyers to efficiently drive their business.
This is certainly a challenge with regards to user experience, as no code applications transform and simplify the way we can all interact with the interface of an app or software.

Reading time: 3 min

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Using blockchain for climate action

on April 29, 2024

The global community faces an unprecedented challenge: combating climate change and transitioning to a sustainable future. Innovative solutions are required to address this urgent issue, and digital technologies have emerged as powerful tools in the fight against climate change. Among these technologies, blockchain, web3, and regenerative finance have the potential to make a significant impact on climate action and support the decarbonisation of our world.

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