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Digital Signatures for Business

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Authenticity of documents is of highest importance when business transactions are involved. In the current age of digital communication, this becomes a challenge as most of the times the partnering businesses are located in different time zones and a physical meeting may not be possible. In such cases, the solution is to make use of digital signatures.

What is a digital signature?

A digital signature is much like a physical signature, except that it uses mathematical tools to create and verify a unique identity of the parties involved. Using advanced algorithms, special codes can be embedded into documents to prove their authenticity, a process known as “digitally signing” a document. Additionally, documents can be encrypted to enhance security and make the data unreadable to third parties.

Digital Signatures for Business Digital Signatures for Business

Advantages

Use of digital signatures brings a lot of advantages, such as:

  • Communication turnaround is improved as documents can be signed instantly and delivered via email, etc.
  • While a digital signature software may appear costly, the corresponding saving in terms of direct mail and courier charges is huge.
  • Documents that are digitally signed become secure and can’t be intercepted the way a physical parcel can be.
  • Digital signatures are legally binding in most of the countries, making them an ideal choice for sealing deals.

Conclusion

How good does your digital signature software turn out to be depends a lot on the Certification Authority handling the signatures. So do make sure to research well and pick only the most reliable of CAs. Barring that, digital signatures are a great way of enhancing contract management and should be used by enterprises.

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