All posts tagged Blockchain
2021 was a landmark year for the popularity of NFT and it seems that this trend is going on and becoming greater and greater. But not without huge legal implications with respect to copyright, ownership and contractual liabilities, just to cite a few.
What you do and you don’t own, when you buy an NFT.
Let’s start from the beginning, trying to bring some light to this innovation.
Tempo di lettura: 2 minuti.
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Despite the various technological upgrades that have occurred in the financial services industry over the years, the onboarding process for new customers remains a tedious and expensive process. Most banks still struggle to provide a simple and effective digital onboarding experience. But if they learn how to accelerate onboarding and reduce counterparty risk, they can achieve much better results.
Reading time: 3 min
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The digital onboarding process is becoming more and more popular with competitive advantages for different sectors of a business.
It is an effective tool also for Sales, for the acquisition of new customers and for the retention of existing customers, capable of improving and simplifying the Customer experience as well.
Through the adoption of a platform for contract automation, the onboarding process becomes compliant, agile and intuitive for Sales.
It can simplify and speed up the entire negotiation, including payments, integrating PayPal into an onboarding process.
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Contractual onboarding and supplier qualification, especially when regulation and controls require human work, are often characterised by delays and frustration, as comprising numerous players and moving parts. The vendor completes an onboarding form that includes general and financial information. This stage might also involve the legal team, to ensure it from a legal, compliance, and security standpoint.
Tempo di lettura: 3 minuti.
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At Trakti, we are honoured to announce and share the prestigious recognition of special “President’s Award – Designing for the Future” at the Innovation & Excellence Awards 2022 received together with Leonardo, on the 23rd of June 2022 by Word Commerce & Contracting (WorldCC) in London.
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As procedures become more digitised, how to build secure, and digital business agreements it’s become nowadays a widely discussed topic. Smart contracts are the ideal platform for business innovation and to enable sustainable business models. They are legally binding contracts, in which some or all of the obligations are recorded in and/or performed automatically by a computer program.
Differently from traditional contracts, they are self-executing and self-enforcing and often can be deployed on distributed ledger technology, such as blockchain where data is stored on a public database, and cannot be changed. The transactions can be sent automatically without a third party to deal with the verification and enforcement of the contract.
Tempo di lettura: 3 minuti
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Most of our actions and decisions involve others, inside and outside any organisation. The best solutions come from working together and the pandemic caused many people to appreciate the extent of our interdependency. Establishing a win-win collaboration framework would increase communication and clarity within a network and with suppliers.
Developing a solution together, based on shared input and mutual respect, generates a collaborative environment that simplifies coordinating and reconciling multiple opinions. Different groups and functions typically reflect different interests, and rarely organisations speak with one voice.
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