Electronic Signatures In Industry

  There are several ways to authenticate our identity, personal details, willingness, consent, and rei n force our intentions or proposals in a way that safeguards us and all concerning parties. In the earlier days, businesses used a thumb impression to seal a deal or authenticate documents as no two individuals have the same fingerprint. Later, we shifted to pen-and-paper when we realized that our uniqueness extends beyond our biological composition. We all have different ways of writing. But, even this method is not exempt from fraud such as forgery, and there is a likelihood of persons being compelled into signing documents under duress. And now, we are finally moving to newer improved processes that are quick, convenient, and easily accessible, but at the same time, they are also more reliable and secure. So, what is the latest authenticator? Electronic signatures as an alternative to handwritten signatures were introduced in India through the Information Technology Act, 2000. ...

  Businesses are always on the lookout for practical ways to improve and streamline their processes. As a result, an increasing number of businesses are now adopting electronic signatures for every type of virtual transaction and documentation. Electronic signatures are now the new norm, gaining popularity being a paperless solution. The ongoing COVID19 pandemic has further fueled the evolution and implementation of e-signature solutions, facilitating a smoother and organized way for businesses to sign, trace, save, and authenticate documents. In the UK, electronic signatures are legal, enforceable, and admissible in a court of law. Electronic signatures are used to sign documents online, eliminating the hassle of physically signing paper documents via handwritten signatures. Moreover, they provide evidence of the content of a written document, prohibiting further alteration or tampering. In the UK, the eIDAS Regulation has been implemented into law by the Electronic Identifica...