Demystifying Digital Signatures - how this works

Apr 20
14:26

2016

Innes Donaldson

Innes Donaldson

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Demystifying Digital Signatures - how this works and how businesses are working to grasp this technology as time goes on.

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The world has embraced electronic signatures as a business solution. However,Demystifying Digital Signatures - how this works Articles many industries and regions have still to see just where and how this can prove to offer and make a lasting difference. Moreover, companies doing business overseas must adhere to advanced electronic signature laws and therefore this is an area as to where and why this tech has still been held back in terms of its use to the end user.

The purpose of a digital signature is the same as your handwritten signature. Instead of using pen and paper, a digital signature uses digital keys (public-key cryptology). Like the pen and paper method, a digital signature attaches the identity of the signer to the document and records a binding commitment to the document. Compared to a handwritten signature, it is considered significantly more difficult to forge a digital signature, provided the keys used to create it are kept secure. The real value is in avoiding the paper and keeping your data electronic. This can also be good for a company looking to portray and drive across a green type of image in the eyes of others.

To use digital signature software requires some initial setup: you will need a signing certificate. If in your business you commonly sign documents or need to verify the authenticity of documents, then digital signatures can help you save time and paper-handling costs. This is where and how this software can help a business from a legal point of view in terms of how signatures can be processed. The set up side needs to be done correctly if you are to make the most of this tech and make some better efficiencies as to how and how well you are able to run your business. As a whole, the software is designed to help you with the process and allow you to take advantage of the convenience and power of digital signatures.

Self-managed in-house digital signature solutions are the most popular with a lot of the top logistics firms in terms of how they are able to collect and collate signatures. By adopting digital signature processes, companies are able to reduce waiting time, save money and overall make inroads as to how well they can control processes and make great commercial efficiencies. This tech can help no end in being able to help a business run in a much more legal and compliant manner.