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Revolutionizing the Digital Signature Process: The Power of Blockchain eSignature Solutions

Reform the Digital Signature: Power of Blockchain eSignature Solutions

It has been long overdue to change the way we sign documents. Think about the inefficiencies involved in printing, signing, scanning, emailing, and then repeating the process to countersign the document.

This process is inefficient and does not prevent anyone from forging documents for another person. A world that wants to be contactless and paperless in order to lower its carbon footprint, suggests that digital solutions are the best option.

Electronic signatures aren't new. They've been around since late 1990s. The common eSignature solution has become obsolete with the growing interest in electronic signatures and the advent of new technologies like blockchain.

The main problem that eSignature solutions have to address right now is how to verify and secure a document. The eSignature solution cannot verify a document.

Instead, someone can copy and paste their signature with an editing app. This means that you can copy-paste someone else's signature, which is a serious concern.


How can you verify and secure an electronic signed document?

How can you verify and secure an electronic signed document?

Common eSignature solutions attach a document referred as a certificate. This document shows the timestamp of the signature and the IP address.

This approach has a major problem. Both the certificate and the document can be edited using PDF editors. The certificate does not protect the signed document.

A certificate does not prevent anyone from altering the content of the main document. The certificate focuses on signature timestamps, and it is not possible to validate the timestamps.


Blockchain offers many potential uses for eSignatures.

Blockchain offers many potential uses for eSignatures.

First, blockchain can be used to verify timestamp records by being used as a public record. Because blockchain is immutable, timestamps can't be altered.

Fraudsters cannot edit the timestamp on a certificate, unlike common eSignature solutions. Metadata can be added to the blockchain in order to link the timestamp with a signature or user, without compromising privacy.

Blockchain can also be used to verify and secure the main document by using its unique digital fingerprint. This prevents fraudsters from altering the content of a document or illegally copy-pasting signatures.

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Blockchain's transparent nature is a significant upgrade to having to trust an editable cert to protect your main document.

To ensure the authenticity and integrity of a document, an auditor could independently calculate its SHA256 hash (unique digital signature) and compare it to the record on blockchain. The blockchain records cannot be altered and it eliminates the risk of internal tampering from bad actors, as is the case with central systems.

A blockchain-based eSignature solution is compelling, especially in the area of document and eSignature validation.

Simply put, blockchain technology adds trust layers that were not possible before today.

It's not impossible, as futuristic as it may sound. Esignly, the first global blockchain eSignature platform, has been launched by Esignly.