DSC is New Technology
New technologies are flooding the
business ecosystem and changing the way we conduct business. The major change
has been brought about by the flux of related emerging technologies that impact
one or the other business functions. This evolution has been enhanced by the
introduction of the Internet and the World Wide Web. New coding techniques,
software development, and web application development have played a primary
role emergence of tools, techniques, and practices.
Development of
Digital Signature Technology
This has been a major development
and technology has made online transactions with unseen parties secure and
safe. Digital signatures, unlike handwritten or electronic signatures, are a
result of the cryptographical process. This process has taken decades to
develop in the USA and is now popularly used everywhere. Digital signatures
after being certified are legal tenders, non-repudiable, and manipulation
during electronic transmission on the Net if taken place can be easily
detected.
The main purpose of a digital
signature after receiving certification from CA or certifying authority is to
identify the sender. Documents and messages sent earlier by electronic
messaging systems were found difficult to authenticate the sender. Not so
anymore!
Thus, digital signature
certificates are used all over the World, especially for contracts with
Governments and esigning wherever required. The DSC has been successful in
eradicating fraud especially in Government paperwork and in the case of
financial transactions. It has also helped the Government avoid paperwork thus
making them more eco-friendly.
These digital signature
certificates are verified by CAs and their authorized partners in India. They
are available for a price of one year.
They have to be renewed after one year. Organizations and individuals
can buy DSC online from the nearest CA. They can also buy from the CA office in
Kolkata, Mumbai, and many other major towns. The most popularly used Digital
Signature certificate is Class III but there are many variants. A simple online
application is required along with copies of photo IDS. A video interview
follows where real copies of the photo IDS are shown.
Digital Signature
Market Size
The digital signature market size
was valued at 3.58 billion USD in the year 2021. It is expected to cross over
46 billion USD by 2030. Digital signatures are going to be used in more
applications and in eCommerce as well. The future of online transactions and
messaging is bright for all online businesses.
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