Digital signatures authenticate the identity of the sender of a message or signer of a document and ensure the original content remains unchanged. They strengthen security, improve digital workflows and save time by allowing electronic documentation. Digital signatures are important for e-commerce as they provide secure transactions and mutual authentication of parties through an encrypted electronic fingerprint attached to documents. This allows legal e-commerce transactions by digitally signing documents.
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What Do You Mean by Digital Signature?
Digital signatures authenticate the identity of the sender of a message or signer of a document and ensure the original content remains unchanged. They strengthen security, improve digital workflows and save time by allowing electronic documentation. Digital signatures are important for e-commerce as they provide secure transactions and mutual authentication of parties through an encrypted electronic fingerprint attached to documents. This allows legal e-commerce transactions by digitally signing documents.
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5 (a) What do you mean by Digital Signature?
Ans: Digital Signature means authentication of an electronic method or
procedure in accordance with the provisions of Section 13 of the IT Act 2000.
It is used to authenticate the identity of the sender of a message or the
signer of a document & also ensures that the original content of the message or the document that has been sent remains unchanged.
(b) What are the Importance of Digital Signature?
Ans: Following are the importance of a Digital Signature:
Strengthen Security: Digital Signature helps to keep the
confidential informations secure from countless hackers and malicious activities.Data encryption and audit trails keep the signature secure,protecting it from fraud and keeping the information away from prying eyes and hands that could do a untold harm. Improve Digital Workflow & Save Time: It can sometime take months from the time a document is requested until it is received. But filing online with a digital signature can save considerable time when it comes to processing & organizing important documents.It can be done at any time via the internet-doing away with long lines associated with going down to the court to request or submit documents. Increase Storage Space: With electronic documentation,files are stored in virtual servers connected to the IT networks,which means there us no need for paper files anymore.It can save storage space by moving to digital paperwork & signatures which will ultimately make space for other things and easy access to the files once they have been moved to a digital format.
(c) Digital Signature with relevance to E-Commerce?
Ans: E-Commerce means buying & selling goods and services across the internet.
In general form, E-Commerce involves electronic transactions or
communication that takes place between two or more parties.An E- Commerce transaction may be between a company and its dealer or the retailer.Regardless of the nature of the transaction, the most important thing in order to promote the use of E-Commerce, there is a demand of the major security i.e., secure transactions must take place among the parties exchanging E-Transactions.A secure transaction involves both the ability to authenticate and check that the information that has benn transmitted as part of the transaction has not been transformed or corrected,as well as the ability to authenticate the parties among themselves i.e., mutual authentication at the same time. In order to provide secure transactions for the use in E-Commerce Digital Signature have been used. A digital signature is generally an encrypted electronic fingerprint,this encrypted fingerprint is then attached to a document,the digital signature signs what the owner issued.This feature of digital signatures enables the conduction of E- Commerce to occur in a legal manner.The process of generating a digital signature involves the use of both the document of certificate,particularly to eachindividual for efficiency and compatability,along with the signature that constitutes a unique fingerprint taken of the individual on the document.