What Is a Digital Signature and Why Do You Need One?

With the rise of digital technology, people and businesses can take advantage of many new opportunities. In the past, you had to wait for a ...

What Is a Digital Signature and Why Do You Need OneWith the rise of digital technology, people and businesses can take advantage of many new opportunities. In the past, you had to wait for a mailman or messenger to bring you the paperwork you needed to sign. Now, all you need are tools that you can use online, like a digital signature.

You've done a digital signature for a salesperson or a law firm, no doubt. But what is a digital signature, and why should you use one? Continue reading to find out.

What Is A Digital Signature?

A digital signature is a person's handwritten signature that has been turned into a digital file. Digital signatures are also called electronic signatures, e-signatures, and online signatures. If you have a digital signature, you no longer have to use a pen to make a real signature.

What's the point of a digital signature?

Some good reasons to use a digital signature are as follows:

For Security

How can you tell if an e-signature is safe? You might not understand how automation and blockchain work. But with these technologies, digital contracts and signatures are safer than ever before.

Digital signatures are very safe, so many people use them for legal documents, business contracts, receivables, and more.

With an electronic signature and a strict verification process, a digital certificate is made automatically. This proof shows how the document was signed digitally. So, everyone agrees that digital signatures are valid.

As was already said, blockchain makes digital signatures safe. This technology provides strong authentication by using private keys to find out who signed the document.

Blockchain's hashing method makes sure that the message and e-signature come from the right person. With the non-repudiation feature of blockchain, a person can't say that he didn't sign a digital document.

For Convenience

The biggest benefit of digital signatures is that they are easy to use. And people need this because they have so much to do.

Before digital signatures, people had to use a pen to sign paper documents. But the problem is that not everyone is in the same place at the same time to sign documents on paper. So, they have to wait for everyone to sign a single document, which could take hours, weeks, or even months.

With e-signatures, all the problems that came with handwritten signatures and paper documents were solved. The digital document can be sent to anyone, anywhere in the world, to be signed. Within minutes, the person who needs to sign the document can send it back to you with his electronic signature.

Lots of Real-World Uses

Digital signatures can be used in a lot of different ways in people's daily lives, such as:

  • Real Estate Transactions

Are you getting a new place to live? You can affix your digital signature to real estate documents for faster transactions. E-signatures can be put on listing agreements, lease agreements, purchase offers, and contracts by sellers, buyers, and real estate agents using their smartphones or tablets.

  • Transactions in Health Care

Have you had enough of waiting in long lines at clinics and hospitals? Digital signatures make it easier to fill out forms like informed consent and medical records release forms for healthcare admissions. Instead of using paper admission forms, healthcare workers can quickly access and enter patient data through electronic health records with the help of digital signatures (EHR). This makes it easier for patients because it makes it faster to get their information.

  • Legal Transactions

Are you taking care of a claim for a car accident? Send your lawyer all documents and proof that have been electronically signed. This will make the legal process and settlement go faster.

Environment Friendly

Are you tired of all the mail piling up in your mailbox? Not only do they cause confusion and make it easy to lose things, but they also look bad and are trash. So, use e-signatures to keep your home and mind organized. You can also help save trees and protect Mother Earth in other ways.

Digital signatures are good for the environment. They help mail carriers, messengers, and shipping companies reduce the amount of carbon dioxide they put into the air when they deliver paper documents. People and businesses can go paperless, which will save trees and cut down on deforestation.

Economical

Digital signatures don't require people to travel or use paper. They can save money on gas, paper, and other costs related to signing paper-based documents, like getting to and from work.

In the same way, you can save money by getting rid of paper bills and using digital signatures for other deals. In addition to saving money, processing paperwork the old-fashioned way can save you time and effort.

Conclusion

In our modern, fast-paced world, digital signatures are a must. They speed up transactions in business, law, real estate, health care, and other areas. Since electronic signatures are safe, you can be sure that all of your transactions are legal. E-signatures can, in fact, make your life much easier. So, it's time to learn about digital signatures and start using them in your everyday life.

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