Top 8 Reasons That Could Motivate Startups to Opt For Digital Signatures
Online competition is not hidden in the world today. Millions of new companies are emerging and dying due to fierce competition. Existing companies are giving rise to new tools and applications, whereas new companies are bound to adopt advanced technologies.
One such advancement is in the field of document signatures. Gone are those days when we used to sign documents physically and then post them to relevant departments for further processing. It’s an online world, and everything works digitally here. Timely execution of documents, contracts, and agreements are major driving factors for the application of digital signatures in document handling and execution procedures.
As explained earlier in this article, Digital Signatures are the mathematical method of verifying and authorizing digital messages. These are the easiest way of getting documents signed securely between two parties. These signatures keep track of the signing parties and the time and location of signing the documents. Key benefits of using digital signatures are secured data delivery and low or almost no risk of data tampering.
However, below are a few top reasons that could encourage startups and small companies to use digital signatures in their day-to-day business activities:
1. Extra Layer of Security:
The use of Private and Public keys in digital signatures keeps the data intact and safe. The first signing authority uses the private key, and the validator uses the public key. These keys, unless shared with any third-party, avoid any data tampering and reduce the risk of forgery.
2. Traceable Information:
Since these signatures keep track of the signing parties, their time and location of signing, it is 100% traceable and can be tracked down in case of any forgery or data tampering.
3. Improve Customer Experience:
Customers nowadays prefer online transactions and any other business activities, such as signing up agreements and documents. Hence, if startups equip themselves with digital signatures, then they can reduce the time involved in the business deals. READ MORE
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