Technology is piercing into every area of our lives and it’s impossible not to notice digitization all around us. We are rather forced to adapt to the most recent digital innovations and it reflects in all areas of our society.
In the business world for example, dealing with piles of papers is becoming a thing of the past and a large number of companies nowadays are leaving that old-fashioned way of doing business far behind. With easy access to e-document editors, cloud storage and companies becoming more and more digitally oriented, the use of digital signatures is also becoming dominant and this seems to only be the beginning, since according to ResearchAndMarkets, e-Signature market is expected to reach USD 5.5 billion by 2023, growing at a CAGR of 36.7% (source). Now we live in an era where you can complete tasks, approve requests or sign a contract even outside of office. As a solution that can be used in almost any field, it is taking the world by storm as the companies are trying to keep up with their customers’ demands for quicker and more convenient way of doing business. It’s also a tool that simplifies the process of getting approval of several different people by making it easier to sign at any time and any place without meeting in person.
E-signature is not only convenient, time saving and cost reducing way of giving approval, but also one of the safest ways to sign and store your documents. Unlike a written signature, a digital signature gathers information that a person cannot confirm when signing the traditional way - e-signature contains layers of information about the signer and time and place of signing. I-ON e-signature solution e.Form does not only offer multi-party approvals, bulk sending, history tracking and smooth connection between internal and external systems, it also helps you process and store contracts, forms and applications quickly and most importantly, safely. Each time you process a contract with e.Form, a signer’s location and IP address is tracked and after the form signing is complete, a certificate of signing is issued as a proof. In the past you would always need to create physical copies of each contract and then worry about secure storage. With e.Form, you can store your documents in a safe cloud environment as each document is protected by blockchain technology. The documents are not going to get lost, it is impossible to forge or alter them in any way or form due to the encryption, and they are easily searchable, which makes your contract management workflow more efficient and convenient.
But it’s becoming more evident by the day that digital transformation is not limited to business. It has left a huge impact on our society as a whole and it is impossible not to notice an increase in the use of electronic signature in our everyday daily lives. Using e-signature is one of the simple ways to contribute to saving the planet. By avoiding the printer, you are lessening the negative impacts that paper industry has on the worldwide environment. When you order something online and pay with your mobile app, instead of typing in the numbers of the bank’s security card, you can just verify your identity with biometrics. When you’re signing up for a membership or activity, instead of visiting the place in person, you can just fill out and electronic form on your mobile from anywhere. Even delivery service sometimes use electronic signatures as a way to verify that they got the package delivered at the right address and on time.
The reason for electronic signature use being so widespread is the fact that it simplifies our lives. The society is becoming more digitally focused and our pace of life is getting faster. At this point, time is everything and most people are choosing smarter and faster ways to get work done, which influences all of us. New and more innovative solutions will keep emerging, but as long as there are mobile devices and connection, e-signature solution is here to stay in all aspects our our lives.
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