An electronic signature, or eSignature, is any electronic means that indicates that a person accepts the content of an electronic message. In other words, it is a simple and legal way to obtain consent or approval of documents and digital forms.
A digital signature is an electronic signature based on a certificate that authenticates the signatory's identity. It is an authentication mechanism that enables the sender to attach a code that acts as a signature.
On July 1, 2016 came into force across the European Union Regulation (EU) No 910/2014 of the European Parliament and of the Council of 23 July 2014, known as eIDAS, on electronic identification and trust services for electronic transactions. This regulation defines the legal framework for electronic signatures, among other services, and repeals the previous law, Directive 1999/93/EC.
Signaturit provides an advanced electronic signature solution in accordance with the eIDAS regulation, and the electronic evidences collected during the signing process are therefore admissible in a court of law and valid throughout the EU.
- Regulation (EU) nº 910/2014
There are two laws that establish the legality of electronic signatures in the United States – the Electronic Signatures in Global and National Commerce (ESIGN, 2000) and the Uniform Electronic Transactions Act (UETA, 1999).
Both of them, ESIGN and UETA, state that electronic records and signatures have the same legal validity and effect as paper writings and manually-signed documents or contracts, thus removing the last barriers to electronic commerce.
There are several electronic signature legislation initiatives to incentivate and establish a common framework for their international use, such as the OECD guidelines, the UNCITRAL and the International Chamber of Commerce (ICC).
Signaturit is in compliance with the highest standards of the EU, providing a global solution that is enforceable worldwide.
Electronic Signatures have been regulated on a national level in the following countries:
- Legally binding and enforceable: Australia, Canada, Chile, Colombia, Hong Kong, New Zealand, Peru, Philippines, Singapore, South Africa, South Korea, Switzerland and the UAE.
- Enforceable: China, India, Japan and Russia.
Why is Signaturit legal?
Signaturit captures electronic evidences during the signing process that allow us to identify the signatory in a unique way. We assure the evidence's integrity with an official timestamp, while we guarantee the privacy of the information.
The electronic evidences recorded during the process (geolocation, IP address, unique device identifier, etc.) are registered in the audit trail to prove who signed the document, when and where.
Our multi-factor authentication system includes biometric data, such as the speed and acceleration captured during the digital handwritten signing process.