A digital signature, on the other hand, is a type of highly-secure electronic signature that relies on public key infrastructure (PKI) to ensure that both signatures and documents are fully encrypted. It is a broad category encompasses various types of electronic signatures, including digital signature.
An electronic signature generally refers to acknowledging receipt or acceptance of electronic documents, messages or transactions. One common misconception is that electronic signatures and digital signatures are the same.
#Wet signature meaning free
Getting started with E-Signature is easy at DottedSign! Register your free account today and complete your first e-sign document in 3 steps. This is why electronic signatures are the way to go.Īccording to Forbes Insights, electronic signatures can speed up business processes, and improve efficiency by 70-80% by adopting digital technologies like e-signature solutions. Today’s global business landscape calls for a fast, convenient, and legal way to quickly acquire signatures from people around the world. When the qualifications are met, the electronic signature is just as valid as a traditional handwritten signature.Īt times, we might reckon that wet signatures are slow and inefficient, requiring the signers to be physically present at the signing, and have to be stored in a safe and physical location. What is the Difference Between Wet and Electronic Signatures?Īn electronic signature is a legally-binding and enforceable acknowledgment that a signer adds to a digital document. Today, electronic signatures are recognized as equally valid as if one has signed in person once the qualifications are met- and can save a significant amount of time and money for businesses. But signing on paper is not the only way of authorizing a legal document or binding a contract. Wet Signatures have evolved as the default standard for centuries.
While this famous and recognizable ink signature dried on paper, it binded the creation of a new country called the United States of America. John Hancock was the first member of the Congress to sign the Declaration of Independence in 1776. In this article, you will learn more about the differences among wet, electronic and digital signatures, and the analysis behind how adopting an e-signature solution such as DottedSign can save countless hours for your business.Ī wet ink signature, formally defined, is when a person adds his physical mark on a document with ink - and lets it dry, implying that the signature was made of wax or ink.įor hundreds of years, signatures have been used to mark binding contracts. One process is signing documents and acquiring signatures which exist in many forms – physical, electronic, digital. Faster and more efficient business processes are key to a successful business in the 21st century. In today’s lighting-paced business world, every second counts.
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