E-Signature Definition
An electronic signature, also referred to as an e-signature, is a digitalized form of a person’s traditional hand-written signature. It can be used on digital documents or forms as an official sign-off, demonstrating approval or acceptance.
E-Signature Key Points
- An E-Signature is a digital equivalent to a handwritten signature, but it’s more secure and tamper-proof.
- It’s legally binding and globally accepted for business transactions.
- An E-Signature can be used to sign a digital document or authenticate a digital transaction.
- It ensures the verification and integrity of signed documents.
What is E-Signature?
An E-Signature, or electronic signature, simulates the act of signing a paper document but in a digital format. It can include anything from the signer’s name typed in a styled script, a scanned image of the person’s physical signature, to digital ID verification. E-signatures are used to enforce the terms stated in electronic documents and ensure that they haven’t been tampered with once signed off.
Why is E-Signature Important?
E-Signatures are important because they rise to the challenges posed by the digital age. They provide a tamper-proof and secure method for validating digital transactions. Electronic signatures deliver assurance that the person “signing” a document is indeed who they claim to be. They offer a fast, easy, and secure process for documentation in the electronic world.
How Does E-Signature Work?
An E-Signature works by using encryption and public key infrastructure (PKI) to secure data. The process involves drawing a signature using a computer mouse or touch screen, typing a name into a text box, or even simply clicking a button. Once the signature is applied, it’s embedded within the document, ensuring that the document cannot be altered without leaving a digital trail.
Where is E-Signature Used?
E-Signatures can be used in numerous sectors such as government institutions, healthcare, real estate, banking, and more. Anywhere documents require authentication or a formal agreement, E-Signatures can be utilized.
Who Can Use E-Signature?
Just about anyone can use an E-Signature. Businesses across all industries, consumers engaging in e-commerce, even students can use E-Signatures for anything ranging from business contracts to consent forms to rent agreements.
When Can E-Signature be Used?
E-Signatures can be used whenever a document or transaction needs authentication or formal acceptance. They can be applied in real-time or whenever necessary. With their convenience and efficiency, E-Signatures cater to the increasing demand of our progressively digital world.
