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Currently, when some people consider digital signature capturing the first technology that involves mind is truly Public Key Infrastructure or (“PKI”). Even so, the previous guard of PKI is a death technology. PKI is a good solution with serious limitations that will hinder and impede the continued growth. PKI is actually both expensive to put into action and expensive to maintain. PKI is in addition time intensive. Professionals do not want to slow down the sales cycle to send somebody with a third party certificate authority just to make a sale.
PKI authenticates but it fails to identify who a user will be. The American Bar Association identified this unique critical weakness in its ABA PKI Assessment Guidelines, D.3.1.2 says “a pseudonym or alias may always be used like the name within a certificate” and never their real name.
VeriSign, one in the largest PKI solution providers, admits in the document “ROI for PKI” that “PKI systems are particularly expensive to maintain.”
A Better Solution
By giving power to the business and not a third party certificate authority, PrivaSign can aid businesses seeking to comply with regulatory law and standards equivalent to the ABA Guidelines pertaining to electronic signatures.
The vast majority of electronic signatures are grabbed through a method called “click on-wrap”. People use it method every single time that they install new application or obtain something online utilizing a credit rating card. The system will validate their username after which require the user to click on a helpful “OK” or “I Accept” button to install the software program or authorize a credit rating card purchase. The reason most people use the “just click-wrap” course of action is truly in it's straightforwardness. There is truly no training required and most subscribers get cozy with the procedure after just one use. Click on-wraps have been tested in the courts by dozens of companies, including AOL-Time Warner, Microsoft, Netscape, Sunlight Microsystems and Dell just to name a few. The technology necessary to use the merchandise is built inside web browsers so there is truly no application to install. Finally, it is truly significantly a smaller amount expensive to maintain, install and procedure than old-fashioned PKI technologies.
PrivaSign uses a patented, proprietary “click on-wrap” method to capture the actual signature and the industry standard form of encryption known because Protected Socket Layer (“SSL”) technology, along with MD-5, SHA1 and SHA2 file ethics hashes to protect the PrivaSign customer’ersus data with a tamper proof seal. SSL will be commonly available in virtually every web browser and the user is not going to need any special training or instruction in order to use the service.
PrivaSign’s patented technology allows for fast digital signature capturing on virtually any document and from any web browser. It flexibility will permit businesses to preserve implementation costs at the absolute minimum and increase the likelihood that signatories is going to be able to use the system.
By: Isaac Bowman
Isaac Bowman is Vice President of the Electronic and Digital Signatures International Standards Commission and a very IT business advisor. He graduated form UT of Dallas with a major in Details Techniques. Isaac Bowman offers published over 50 articles on electronic signatures and completed the largest online source for electronic signature laws and regulations and regulations.
