User:Electronicsignatures
From BZU Pages Wikipedia
The Legal Aspects of Using Electronic Signature
No doubt. Technology has come its way to make innovation and convenience in any kind of living. Individuals, businesses, and government agencies benefited from the rise of the influence of technology and Internet in doing business, spreading information, and connecting people.
Browsing in the Internet is not only about gathering data for research, blogging your thoughts, creating a network, chat and emails. All businesses around the globe enter transactions and negotiations online, too. And this advancement makes the birth of applications and software that can be used to make business much efficient and easier. One of this is the use of electronic signatures.
Digital signatures are those electronic sounds, signs, symbols or process attached or being connected to any documents you send electronically. Most of the companies even government institutions are using e-signatures to make the transfer of their files, records, contracts and other important documents, easier than how it all done manually.
By u8sing electronic signatures, you will no longer to print out the received or done documents just to sign it as verification in handwritten form and convert the hard copy in digital ones again to sent to respective receiver. Doing that task is much of time and effort, and that what e-signatures eliminate. All you need to do is have solution and software that will operate your digital signatures and sign the documents and immediately send them to the receiver. No hassle, less time and effort. Due to this, a lot more electronic transactions are happening online, thus making business far better than before.
But if you are having doubt about the authenticity and legality of the documents digitally signed and transacted electronically, it is the time for you to be assured that shifting the task of signing documents from handwritten form to digital ones, is indeed legal and binding and considered authentic, secured and remained confidential.
Because of the increasing use of electronic signatures in signing documents digitally, some states come up with governing laws that deals with the legality of using digital signatures on digital forms of documents. Here are some of the governing laws and regulations that handle the legal aspects of using e-signatures in business transactions.
- 1.Electronic Signature in Global and National Commerce Act or ESIGN Act
- 2.Uniform Electronic Commerce Act or UETA
- 3.Government Paperwork Elimination Act or GPEA
- 4.EU Directive for Electronic Signatures or EU law
- 5.Joint Interoperability Test Command or US DoD JITC
- 6.Health Insurance Portability and Accountability Act or HIPAA
- 7.Sarbanes-Oxley Act or SOX
- 8.21 CFR Part 11
- 9.Indian IT Act 2000
It is good to know that the worldwide legislations are wide arms open to embrace changes in business world from time to time. The use of this method in business will lead to better way of doing business for the next decades.
