Electronic Signatures In Industry

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  It’s that time of the year again – Halloween is over, and November has brought the holiday season that everyone’s been waiting for! With wallets strapped and emotions running high, customers are increasingly looking for brands that can provide personalized, convenient solutions to make their lives easier and better – at a discount! Business owners are no different. Gone are the days when discounts meant only clothes, accessories, or cosmetics! With ever-changing consumer expectations and market trends, organizations and business owners are always on the lookout for the latest digital solutions that can help them stay on top of the competition. Solutions like electronic signatures or e-signatures, for that matter! It’s that time of the year again – Halloween is over, and November has brought the holiday season that everyone’s been waiting for! With wallets strapped and emotions running high, customers are increasingly looking for brands that can provide personalized, convenient soluti

  Industries with Esign Signatures have been used in executing binding contracts for decades. Traditionally, handwritten signatures signify the written acceptance of contracts and agreements. They bind parties to certain rules or laws specified in a document. It is tangible proof of parties conveying their commitment to a transaction. However, in today’s world, ink signatures aren’t the only option for authorizing documents. Over the last few decades, technology has reinvented how we execute our document signing workflows, giving rise to modern-day electronic signatures, making this tech a natural choice for industries looking to transform their business processes. Electronic signatures or  E-signatures  allow parties to submit their consent virtually from remote locations while offering the same integrity and trust as traditional, handwritten signatures. Moreover, e-signature laws in major countries worldwide have made it possible to accept electronic signatures on pertinent documents

  SMBs go digital with electronic signature tools Small or Medium Businesses are all about getting more from less. That right there is the core essence of technology. Harnessing every ounce of functionality offered by transformative digital tech is the key to unlocking any growing business’s true operating potential. When it comes to transforming the document signing workflow, electronic signature solutions can go a long way in helping SMBs reduce expenses and TAT. Not only are  electronic signatures  legal, secure, and efficient, but they also help growing startups operate with tighter budgets. The whole point of implementing an electronic signature application is to get rid of all the vulnerabilities and inefficiencies brought forth by traditional, manual workflows. Small businesses have to operate on a tight budget and have a lot of stakeholders to answer to. Electronic signature platforms help fill in the gaps present in the admin workflow and eliminate deceptive and surprisingly h

  Blockchain - The Future of eSignatures Digital signatures are steadily replacing the conventional methods of signing documents. Over the past few years, E-signatures have become more secure with the adoption of different types of cryptography, i.e., binding a person to digital data and providing verification of the same. Digital signatures provide integrity, non-repudiation, and authentication to access the contents of a data set codes digitally across networks. These signatures are created using an algorithm that produces a 'hash' using information from the contents of the message and is stored in the key. ​ Blockchain uses the idea of codes or hash for signatures, which is exactly like a fingerprint for every block. ​ Digital signatures  offer an additional layer of security to users and in turn, businesses. They provide authenticity of the data and complete protection against forgery for safer use of online certificates with the help of complex mathematical algorithms or c

  PKI – The Backbone of Digital Signatures   PKI is a framework behind digital signatures that enables users to authenticate online signatures through robust, end-to-end encryption. A digital signature is a PKI (Public Key Infrastructure) based online certificate that validates the signer’s authenticity, ensuring digital transactions are not forged or tampered with. E-signatures are precisely like traditional signatures in the sense that both are unique to the signer. However, e-signatures offer far more security and assurance concerning the document’s origin, identity, and integrity. Besides providing the highest standards of security, digital signatures are also legally binding, with numerous countries having their own set of laws and regulations legalizing digital signatures. PKI - What does it mean? PKI stands for Public Key Infrastructure, a system that allows users to create, store, and digitally exchange data using digital certificates. PKI enables users to sign documents online

  Implementation of Electronic Signatures in Healthcare Organizations  With the dawn of digitization, just like most other market sectors, more and more healthcare industries aspire to make their processes paperless. The reason is significant benefits for the environment, enhanced efficiency, a better experience for healthcare workers, and, of course, cost-effectiveness. Going paperless is the need of the hour as hospitality services strive to provide better care and improve patient experience and day-to-day working conditions for the hospital staff. The Importance of Healthcare The healthcare industry is one of the largest industries globally, directly impacting the quality of life of people in each country. ‘Health care’ refers to the diagnosis and treatment of any illness, injury, disease, or other impairments. It is a crucial sector that provides patients with curative, preventive, rehabilitative, or palliative care. The healthcare industry is continuously growing and evolving with

  Role of Electronic Signatures The digital economy, also known as the ‘Internet economy,’ is taking shape and transforming conventional notions about how businesses are structured and how consumers obtain goods, services, and information online. This new way of doing business is the result of the hyper-connectivity of billions of people, data exchange, and processes through the internet. The term ‘Digital Economy’ was coined in the 1990s and defined itself as the economic activity – commercial and professional transactions that take place online. “Every industry and every organization will have to transform itself in the next few years. What is coming at us is bigger than the original internet and you need to understand it, get on board with it and figure out how to transform your business.” --- Tim O'Reilly. This change has been the catalyst for transformative technology that some of us are just now hearing of, like IoT, Blockchain, Automation, Virtual Reality,  Electronic Signat

  Digital Signature Laws in the Philippines If you are reading this blog, you may know what a Digital Signature is, but do we really know the extent of the transformation it can bring to your business and other document-related processes? According to a research survey conducted by airSlate, more than 50% of businesses switched to Electronic Signatures, whereas more than 30% of individuals moved to an  electronic signature  platform. An interesting statistic to note here is that even with such large numbers, more than half of the surveyed businesses had serious concerns over the security, privacy, and legality of electronic signatures. In response to these concerns, let us first learn what an electronic signature means and how exactly does it work? In the Philippines, Electronic Signatures are legally recognized and provided for in the Republic Act No. 8792   and the Electronic Commerce Act of 2000 (the “E-Commerce Act”). The E-Commerce Act defines them as “any distinctive mark, charac

  DrySign India - Secure, safe, and legally binding electronic signatures for e-tendering Simply put, ‘E-tendering’ is the process of sending and receiving tenders via the internet. From complete advertising to receiving and submitting tender-related information, the process of e-tendering is performed online. This process enables organizations to be more structured compared to old paper-based transactions which are either reduced or eliminated, facilitating a faster exchange of information. As an initial step in the tendering process, the contractors are invited to submit sealed bids to supply specific goods or services during a particular timeframe. Once the private firm or government accepts a tender, it is legally binding for both parties. Once accepted, it means that the firm or a person who has won the bid has to provide goods and services at an agreed price at the agreed time. The e-tendering process is designed in such a way that it assures fairness, transparency, simplicity, a