A digital signature is an advanced type of electronic signature that comes with enhanced security features that make it difficult to forge or manipulate. When you create a digital signature on a document, a unique number or digital fingerprint is generated through a cryptographic process. This is issued by an official authority with the purpose of guaranteeing the authenticity of the signee and their signature.

An effective contract management system should include the ability to support electronic signatures. The three main benefits of digital signature include increased contract speed, enhanced security, and lower transaction costs.

You can use a digital signature to validate the integrity and authenticity of software, digital documents, or a message. It enables you to easily authenticate the content of the messages received and verify the author’s name and the time and date of the signatures.

A digital signature is a mathematical technique used to validate the authenticity and integrity of a digital document, message or software. It's the digital equivalent of a handwritten signature or stamped seal, but it offers far more inherent security. A digital signature is intended to solve the problem of tampering and impersonation in digital communications.

Digital signatures can provide evidence of origin, identity and status of electronic documents, transactions or digital messages. Signers can also use them to acknowledge informed consent.

The most common way of creating a digital signature is to use Public Key Cryptography (PKC). The systems used to deliver PKC are called Public Key Infrastructures (PKI). At a basic level digital signature solutions require each user to have a public and private key pair which are mathematically linked. The private key remains under the owner’s sole control and is used to sign. The signing process creates a crypto code, which is embedded into the document.

There is no way for anyone to work out someone’s private key from their public key. This is because PKC is based on hard mathematical one-way problems, e.g. like factoring a large number which is the product of two primes.

The private key is under the sole control of the owner. This can be held locally by the user (e.g. on a secure smartcard/USB token), in this case the signing process is referred to as “local signing”. Or the private key can be held centrally in a Hardware Security Module (HSM) – a tamper-protected hardware component. In this case the signing process is referred to as “remote signing”. The key is only released to the user after successful authentication using either single or multi-factor authentication.

Digital signatures offer the following benefits:

Efficacy:
Paper based signatures comes nowhere near to digital signatures in terms of turnaround times (TAT). To approve a business transaction, multiple signatures from individuals in the hierarchy may be required. Gathering all the signatures physically in a short span of time may not be possible due to geographical constraints.

Better user interface
With the digital signature, Organizations can customize their company logo and colors to enhance customer's experience. Also, sending the documents to and from is simplified with a digital signature because, the need to print, sign and scan is eliminated. Within two minutes, users can open and digitally sign an email or document.
Legal compliance
Digital signature follows protocol laid down by the information technology act, 2000, the government of India. All legal disputes arising from digital signatures can be traced and verified online. Furthermore, multi-factor authentication is required for the identification of users.

Take a look at the list of documents that you will need for DIGITAL SIGNATURE CERTIFICATE:

Permanent Account Number (PAN)
PHOTOGRAPH
AADHAR CARD

Get all your business related solutions under one roof. Taxation, Accounting, Management. You name it, and we have got you covered. Moreover, you will never have to physically meet us as all of our services are carried out online. Get things done quickly with a few clicks and minimum time. From our website to our process everything is designed keeping your convenience as our priority. Our utterly digital process makes your experience smoother and faster.

FINNTAXES.COM provides the finance and taxation services for your business at very minimal prices.

Go Paperless with FINNTAXES.COM and email us -financeandtaxes@yahoo.com