Nowadays, it is comparatively easier to prove your authority over any material, document, or piece of work online. The advancements in technology have taken us to a point where we have smartly designed unique certificates, testing systems, and tools that give a unique identity to individuals. The digital signature is one such thing. It has been historically very hard to prove the authenticity of any signature – simply because a signature may not be uniform every time or even maybe copied easily by handwriting experts. Since a huge portion of business work is now done over the internet, it was important to develop an e-sign to authenticate the work that is done online.
A digital signature is a way to authenticate a document digitally, which uses asymmetric cryptography for the formation and mathematical scheme for verification. In other words, the digital signature can be defined as a unique code such as a fingerprint that is embedded into a document. If you need details on how you can start with your own digital signs, you can subscribe to offers of the digital signature service providers. It is important to note that for a business or individual to be eligible to sign with the digital signature, a digital certificate is preliminary, which is authorized by certification authorities.
While we are on the topic of digital signatures, we must know how these are different from electronic signatures that also have a similar kind of use.
What Is The Difference Between Electronic Signature And Digital Signature
Although the two terms have been used interchangeably for a very long time, there is a world of difference between the two. An electronic signature is used to verify a document, unlike digital signatures that are used to secure the document. The biggest difference between the two is that while digital signatures are authorized, electronic signatures are typically not authorized and hence cannot be used to authenticate.
There are several ways a business can make use of digital signatures to its advantage. Let us take a look through some of the major benefits of digital signatures for businesses:
Enhances Efficiency
A business that signs digitally does not have to use a lot of time in scanning, printing, and sending documents as it happened in traditional methods. Digital signatures make the process of authorization quite quick and reliable.
Improved Customer Experience
Customers in current times do not want to wait for anything. Just as they make the purchase, they want all of the legal aspects to be careful immediately. When you have a digital signature, you can simply have a pre-prepared signed document ready to hand to them.
Control Of The Documents
Digitally signed documents can be tracked easily. Therefore if you send a lot of emails with documents, you can easily see the details, such as when the document was signed, sent, and received, etc.
Cost-Effective
The switch to digital signatures implies no cost on the pen, paper, files, postal services, file cabinets, administrative staff salaries, etc.
A digital signature is an easy way to get the job done in time. It allows a business to have control of the documents and do this hassle-free. That gives you extra time to focus on core business activities.
