An electronic signature is the set of data in electronic format, consigned together with others or associated with them, that can be used as a means of identification of the signer
A digital signature is an electronic signature based on a certificate that serves to authenticate the signer´s identity. Therefore, it is an authentication mechanism that allows the creator to attach a code that acts as a signature.
On July 1, 2016 the Regulation (EU) nº 910/2014 came into effect, from the European Parliament and Council of July 23, 2014, known as the eIDAS, regarding the electronic identification and trust services for electronic transactions. This regulation delimits the legal framework for the electronic signature, among other services, and repeals the previous law, the Directive 1999/93/CE.
Signaturit provides an electronic signature solution that complies with the Regulation eIDAS, and the electronic evidences collected during the signature process are therefore admissable to court and valid in the entire EU.
- Regulation (EU) nº 910/2014
Two laws establish the legality of the electronic signature in the Untied States of America: the Uniform Electronic Transactions Act (UETA, 1999) and the Electronic Signatures in Global and National Commerce (ESIGN, 2000) Act.
In both cases, it establishes that the electronic signatures have the same legal validity and affect as traditional methods of paper and handwritten signatures.
At the international level, we find different initiatives that establish a basic framework for the use of the electronic signature, such as the directives OCDE, those of the UNCITRAL and those fo the International Chamber of Commerce (ICC).
Electronic signatures have been regulated at a national level in the following countries:
- Recognized with full legal validity: Australia, Canada, Chile, Colombia, South Korea, United Arab Emirates, the Philippines, Hong Kong, New Zealand, Peru, Singapor, South Africa and Switzerland.
- Recognized: China, India, Japan and Russia.
Why is Signaturit legal?
Signaturit caputres electronic evidences of the transactions realized through the platform that allows to identity in a unique way the signers. We assure the confidentiality of this information and we guarantee the integrity of documents with an official time stamp.
From the beginning of the process, a series of electronic evidences are captured (location, email address, IP and unique device identifier) that are reigstered in the audit trail.
our authentication system includes biometric data of the handwritten signature that are captured during the signature process: speed and acceleration.