Wednesday, January 4, 2023

Why Buy Digital Signature Certificate?

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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