What is a Digital Signature and How it works

Digital signatures are the digital alternative of physical signatures. They use a mathematical algorithm to verify the document owner’s identity and to authenticate the document. This algorithm also makes it possible to trace the origin of a document and ensure that the content of the document is kept intact throughout the transfer process. Each document has a unique digital signature attached to it. A digital signature also includes information about the origin, the status and consent of the signature owner.

Role of Digital Signatures in the Digital Era

A digital signature certificate or commonly known as digital signatures are the most frequently used faster, secure and more convenient alternative to physical signatures Anyone can create a digital signature online [NOTE : Ensure to link this anchor] by registering for a Digital Signature Certificate (DSC) under a Certifying Authority Among the many purposes of Digital signature, it has been incorporated into the workflow of many businesses because of these three main reasons :

1 Security - Digital signatures do not carry any fear of forgery or its content getting tampered once signed by the owner. Before the signing of a digital document, the signer’s identity is verified, hence if a digital document is ever forged, it will never make it through because each digital document contains the unique signature of the sender.

2. Time efficient - Signing a digital document hardly takes a minute or two and they can be easily tracked. It saves a lot of time which can be used to fasten the workflow, thus making the quality of your work better.

3 Cost efficient - Offline signing or the traditional way of signing incurs a lot of additional costs like the costs of paper, printing, filing, mailing etc and also in some situations when the parties are located in different geographical locations the cost of traveling is also included A digital signature cuts off all these additional costs and comes with zero transaction costs