Signitory – A Glimpse Into the Future Through a Blockchain-Based eSignature Solution

KUALA
LUMPUR, MALAYSIA – Media
OutReach – 20 September 2021 – With the growth
of e-commerce, more and more individuals are becoming accustomed to signing
contracts with strangers over the Internet. As a result of the epidemic’s impact,
businesses have begun to perform intelligent business operations more regularly
via online meetings or papers. Electronic signatures, as a key component of
online contracts, play a vital role in safeguarding the rights and interests of
all contract parties.

“Signitory is the
next generation of electronic signature software. It is a hybrid of eKYC and
Blockchain technologies. Blockchain technology has the potential to improve
oversight and security. It is part of a new paradigm, and it shows us an entirely
different future!” Carlo concurred.

That future is evident
when one considers blockchain as the foundation of the eSignature solution.

The blockchain’s
non-tamperable characteristic is important in electronic signatures.

“By putting your signed
document in the blockchain, you can now check the validity of the signed
papers. If the hash value does not match, the blockchain has determined that
your papers were altered and falsified on purpose. This is especially useful
for important contracts since it adds an extra degree of protection to your
signed paperwork.” Carlo added.

Certificate Authorities
(CAs), who provide digital certificates to verified individuals, play a very
significant role in signing electronic documents. In the context of the
coronavirus illness (COVID-19) pandemic, for example, the concept of COVID-19
Certificate Digital Document (CCDD) is offered as a method through which a
person’s COVID-19 related health-data may be digitally documented using
electronic certificates. (Source from: https://www.who.int)

*CA is the current digital
transformation trust mechanism. When the document is created as a PDF file,
however, many PDF readers and online verification services include flaws.
Hackers can exploit these flaws to attack signed PDF documents to make illegal
changes without rendering the digital signature invalid. These attacks include
Universal Signature Forgery (USF), Incremental Preservation Attack (ISA), and
Signature Wrapping Attack (SWA).  *Source from: https://securityaffairs.co/

“In this case, the
non-tamperable feature of the additional blockchain will magnify and ensure
that the certificate will not be tampered with.” Carlo added.

Technology brings
convenience. The Signitory’s Electronic Signature Know Your Customer (eKYC) function can verify and ensure the identity of both
signers and achieve the function of preventing counterfeiting signatures. This
function is completely free, and users only need to make sure they complete the
identity verification when creating an account.

The end product advances
Signitory’s eSignature solution potential. This re-conceptualization corrects
traditional eSignature solution limitations. Signitory continues to improve and
build a safer platform and open up new ways. Each phase provides complete peace
of mind from the start of the eSigning process to where the document is stored.

Start Your Free Electronic
Signature Today! Signitory is available on Google Playstore (or direct download Apk) and Apple App Store.

About Signitory:

https://www.signitory.com/about