When a business tries to implement an electronic signature solution in the organization, it can be confusing sometimes because there are many technical jargons, which are difficult to understand. While talking about the best online signature app, there are numerous electronic signature schemes in the market. However, while looking into the details, we find that there are significant differences in the terms that the solution providers are offering.
Factually, you may compromise security and trust as well. Importantly, with a small effort, you can get some grip on all the terms that are popular in the market. Moreover, you also need to understand the business requirements that will allow you to choose the most suitable electronic signature for your organization.
We are providing some information regarding all the important types of electronic signatures here to help you achieve your target of engaging the most suitable solution for you:
Different Types of Electronic Signature
According to our research, here are a few types of electronic signatures:
- Basic electronic signature
- Electronic Signature with Biometric Verification
- Digital signatures with witness certification
- Advanced electronic signatures
- Qualified Electronic Signatures
Basic electronic signature
Basic signature is those, which are used as an image to paste on the documents. This image is of the handwritten signature that you sign on a blank paper. With these signatures, there will be no security and you cannot use for legally binding contracts.
Electronic Signature with Biometric Verification
For these signatures, you need specialized hardware devices. Through this procedure, physical properties that are related to the signing process, are measured. These signatures are proprietary, and therefore, suitable for a closed environment.
Digital signatures with witness certification
When you use these types of signature, the best online signature app solution provider protects it by using a central signing key. The signer needs to rely on the service provider for authentication in this situation.
Advanced electronic signatures
In this procedure, every user has its signing key. So, when he receives a document for signing, he signs it electronically and protects the document with its key. Through this process, the electronic signatures are linked with the user identity. In this way, the user can authenticate other users to protect the document.
Qualified Electronic Signatures
Using trusted cryptographic hardware, processes, and procedures is the best way through which you can make the most protected and secure environment through electronic signature. Independent audits, time stamping, and biometric verifications are included to authenticate the signers identity.
How to rate the electronic signature?
The above discussion is purely related to the use of the electronic signature. However, we also need to keep an eye on the security and protection of the document. To avoid forgery and tempering, the best practice is to go for that signature, which is authentic and legally binding. Moreover, we must understand that contract template software is also available in the market.
These solutions help us make the contract legal. We must know that sometimes, we need the legal procedure to follow. The reason is that in some situations, we may face legal issues and present the contract in front of the courts. In the case of a loosely signed contract, we may face the legal circumstances.
To avoid these issues, the best practice is to use only those electronic signature solutions, which are acceptable under the law. However, it does not mean that other types are not suitable. You only need these special signatures when you are signing the contract outside the business or you may have concerns that in the future, you can face the legal issues.