Generally, people use the terms “electronic signature” and “digital signature” in a similar way. Many people don’t realize that these two things are completely different. Electronic signature is a common term used to cover all aspects of signing a document electronically. E-signature can be anything as simple as a scanned image or as complex as a cryptographically-encoded image. Electronic signatures can be created by various e-signature software providers using different technologies, and they can be executed in different ways.
An email signature is the most common type of electronic signature. It’s not an official form for signing documents, but it is recognized as a piece of correspondence which came from your email account. A scanned image of a real “wet” signature attached at the bottom of an electronic contract is another type of e-signature. The more complex methods include logging into a web-based or internal portal and entering a password or code number prior to your signature being affixed to the document.
On the other hand, an electronic digital signature is generated through software. The users have to access public key cryptography to affix their “signature” on the document. These type of e-signatures are the ones used by most businesses, as they are as legally binding as the handwritten signatures. These type of e-signatures are widely used for e-commerce transactions.
Security is a matter of great concern to users. E-signature software providers have taken necessary steps to address concerns regarding the security and integrity of these signatures. The data gathered from users in the database is saved in an encrypted manner. The more secure types of electronic digital signature software provide users with a special passkey, serial number, or certificate upon capturing their profile data so that only they can access the account.
Not all e-signature software providers provide a very high level of security. Therefore it’s necessary to check the feedback and credibility of e-signature providers before signing up with them. Electronic signatures are of immense help to companies where frequent document signing is required. If used properly, e-signatures can help in streamlining your document processes. Use of electronic signatures helps in cutting down time and expenses and also contribute towards a greener environment with the elimination of paper in document signing.Powered by Sidelines