How Electronic signatures are useful in logistics industry?

The logistics industry serves in acquiring, producing, and distributing products/goods to the desired target and in right quantities. In a business sense, the logistics process entails not only the transportation and delivery of products, but also the storage, inventory, handling, and packaging of these products. The transportation processes should be cost-effective, efficient and most importantly, convenient for their customers. Technology has been a major contributing factor to achieve this much-needed ability and efficiency in the logistics sector.

How Electronic Signatures helps hospitality industry to improve their services?

Improving the customer experience is becoming worldwide, and the main example in this movement is the hospitality industry. Many organizations in this industry tend to adopt digital technologies for customer support. The varying demands and eccentricity of guests, keeping the expenses under control and successfully handling all other responsibilities can be overwhelming, even for the most experienced managers. Actually, it takes much more than an average manager to bring order in the demanding and chaotic world of hospitality.

Electronic Signatures in legal department.

Corporate legal departments once viewed technology as an obstacle that only made their day-to-day operations more difficult. Today, they’re realizing that it can help them to work efficiently and gain a competitive edge. We know how difficult it is to execute a legal document. Each party will have to sign on all the paper in the document for it to be legally binding. Now let's take an example of two parties signing a legal document that consists of ten papers. Each party will have to sign ten times in the document, bringing the total signature count to twenty. By using electronic signatures, the signing can be done in one authentication by each party. As you can see a legal document execution process that uses electronic signatures or eSign is an order of magnitude efficient than the paper and ink process.

About Global AUA, Local AUA, Vitual IDs, UID Token and their impact on your business

In the Aadhaar ecosystem, the companies that use authentication alone get registered as an Authentication User Agency (AUA) and those companies that need to use electronic KYC or eKYC go on to become KYC User Agency (KUA).  Those were the only two differentiation for user agencies in the Aadhaar ecosystem but this changed very recently with the introduction of Global AUA and Local AUA.

Recently, UIDAI had introduced several measures that allowed the Aadhaar holder to get the benefits of Aadhaar services without having to share their Aadhaar Number.  It also limited the KYC data set that gets shared with the parties in the Aadhaar ecosystem. As part of these measures, existing AUAs are classified into Global AUA and  Local AUA. UIDAI has also introduced concepts such as Virtual IDs and UID tokens as part of the Aadhaar API version 2.5. All existing AUAs and KUAs will have to implement the latest API by August 31st 2018. That is a lot happening in a short time frame which many businesses are finding it to be confusing. This post intends to give you a better understanding of the changes happening and help you understand its impact on your business.

The Difference Between Electronic Signatures and Digital Signatures.

The terms Electronic Signatures and Digital Signatures are frequently misused and often thrown around loosely. Let's have a look at the differences between both electronic signature and digital signature.

Digital Signatures

A digital signature is not the same as an electronic signature even though many use the two terms interchangeably. A digital signature is intended to provide an exact and accurate identification method for the signatory to provide a seamless transaction. Definitions of digital signatures vary depending on the application of legal power. A Digital Signature is equal to your handwritten signature which is digitized and can be used to authorize content within a document or the terms of a particular document.