The terms digital signature and e-signature are often used interchangeably, but they are two unique solutions. In this blog, we’ll take a closer look at these two options and explain how they differ and some of the benefits that they offer. Read on to learn more.
Definition of an e-Signature
E-signatures enable a user to electronically add their signature to a contract online. E-Signatures are, effectively, a digital version of the paper-based wet-ink method of adding signatures. The signing act is essentially the same as the conventional approach. While the signatory’s intent remains the same, instead of being handwritten, their signature is electronically captured, removing the need for paper-based signatures which are fast becoming outdated.
E-signatures offer multiple benefits. They can streamline the signing process and offer savings on costs and efficient audit trails that help with data compliance.
Importantly for enterprises, e-signatures are also legally binding and remain as valid as their paper counterparts here in the UK, the EU, and other parts of the world.
How digital signatures differ from e-signatures
While it shares some similarities and benefits, a digital signature differs from the type of electronic signature discussed above. The terms digital and electronic are often employed interchangeably by the uninformed, however a significant difference exists between them. Digital signatures also allow contracts to be completed swifty and smoothly, reduce carbon footprints by avoiding the use of printing materials and allow for full traceability.
However, to create a digital signature, an entirely different method is used for validating online documents. Data encryption software ensures that documents are unable to be viewed, edited, copied, saved, deleted or signed by anyone other than those with express authorisation. A digital document signing solution can validate signatories, ensuring the integrity of important contracts.
Digital document signing from Galaxkey
At Galaxkey we offer a cutting-edge digital document signing solution designed for use by enterprises and educational institutions. It allows users to protect both the private documents and the electronic signatures they add from tampering and unauthorised access. Employing unique identity-based security, our solution ensures that the only individual who can open and add a signature to your document is the person that you sent it to. Furthermore, your recipient can always be sure that the document originated from you for absolute peace of mind and the highest level of data security.
Using digital signatures can effectively shut down attempts to interfere with confidential agreements. Our solution uses cutting-edge three-layer encryption based on the US government recommended onion model and approved by the National Cyber Security Centre (NCSC), here in the UK. As a result, it can maintain the integrity of your folders, files and digital documents whether they are being signed for internally or with external partners and other collaborators.
If your operation is looking to enhance its security protocols for document signing, using a digital solution that can validate signatories and encrypt your content is the best option available. Contact us now to access your free trial.