Signitory: Digital Signatures to be Part of New Norm Post-Pandemic

KUALA LUMPUR,
MALAYSIA – Media OutReach – 23 August
2021 – Increased remote work requirements have prompted companies to embrace
digital technology in order to meet new consumer demands and protect fragile
supply chains in the last year. Furthermore, the Malaysian government
encourages the use of digital signatures to reduce paper transactions and maintain physical distance during the Covid-19 epidemic. Signitory, a major blockchain-engineered digital signature
solution provider, believes that digital signatures are here to stay beyond the
epidemic. The firm released their app on Google PlayStore, aiming to improve document signing by
ensuring simplicity, compliance, and security.
Signitory’s low-cost digital signature solution allows millions of small and
medium-sized businesses (SMEs) to generate and legalise paperwork.

Signitory’s
KYC (Know-Your-Customer) verification is a feature that is encouraged by both
government agencies and financial institutions. It is powered by the most
recent Blockchain and SaaS technology. By guaranteeing that signees are
registered with their authentic identity cards, it enables real-time validation
and eliminates fraud. Furthermore, Signitory’s blockchain technology ensures
that all signed papers are tamper-proof and can be traced back to their time
stamp. Its SaaS technology allows SMEs to use the Signitory app from anywhere
in the globe.

“We are
officially disrupting the digital signature business. Our blockchain-powered
digital signature technology enables SMEs to sign documents remotely and
securely”, KC Lai, CEO of Signitory, said “Because of the simplicity,
effectiveness, and assurance that digital signatures provide, we believe it
will become the standard.”

A free plan
is being launched to entice SMEs to test out this innovative technology. From
August 11th through September 30th, 2021, first-time users can generate, sign,
and organise up to FIVE documents each month. Documents may be uploaded,
modified, and submitted for signatures with no prior expertise, allowing
anybody to create a completely legal e-contract in a matter of minutes.

Signitory is
ideal for organisations of all sizes and industries looking to accelerate
sales, transactions, new hiring, collaborations, and other business endeavours.

“A
paperless method minimises client waiting times and aids in the development of
consumer confidence. Furthermore, you may have e-contracts legally signed by
international business partners anywhere in the globe using our SaaS blockchain
built digital-signature solution. This is just another reason why we believe
the digital signatures service will quickly spread outside the epidemic,”
Carlo Chung, CTO of Signitory, also commented.

Most
multinational corporations (MNCs) in Malaysia already use e-signature systems
in their human resources departments for recruiting and job confirmation. From
the mid-2020s, when the COVID epidemic initially caused Malaysia’s Movement
Control Order (MCO) to be established, usage rose tenfold. MNCs had made it
essential for their workers to work from home by that point.

According to
Fortune Business Insights, the digital signature industry will be worth USD7.99
billion by 2027. Larger organisations will push the rising adoption of digital
signatures, as well as the digitization of corporate processes, as a result of
the pandemic. It will have a cascading impact as SMEs improve their digital
systems in order to do business with larger businesses. A digital signature
solution will eventually become the standard. It’s logical. A paperless digital
signature system can improve workflow efficiency, ease, and speed.

Signitory is
now available on Google Playstore at https://www.signitory.com/. Signitory will launch an Apple App Store
version soon.