Can eSign replace Digital Signatures?
Can eSign replace Digital Signatures?
November 6th, 2021
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Can e-Signatures replace Digital Signatures?
Presently if someone has to digitally sign any document then one has to purchase pen drive, dongle to store the etoken from anyone of the authorised service providers for digital signatures. Alternatively one has to get key from online agencies and the same has to be stored in the personal computers. Both the procedures are susceptible to frauds and cost the individual anywhere between Rs.700 to Rs.2500.
Now with the introduction of e-verification of IT returns online, through EVC codes generated by using Aadhaar Technologies in India, has paved the way for revolutionary changes by switching from digital signatures to e-signatures.
What is eSign and How it is better than Digital Signatures?
eSign is an online electronic signature service, in the live environment, which can be integrated with service delivery applications via an open API to facilitate any Aadhaar Holder to digitally and legally sign any document. It uses authentication of the Aadhaar Holder through e-KYC service and once the Aadhaar database in India is linked to live registrar of deaths and births then the e-signing will not be possible in respect of dead people and if the e-signing person is a minor then also the system will generate exceptions that the e-signor is a Minor, who can bind all other parties except himself or herself.
Salient Features of eSign vis-a-vis Digi-Signatures:
Save cost and time |
Aadhaar e-KYC based authentication |
Improve user convenience |
Mandatory Aadhaar ID |
Easily apply Digital Signature |
Biometric or OTP based authentication |
Verifiable Signatures and Signatory |
Flexible and fast integration with application |
Legally recognized |
Suitable for individual business and Government |
Managed by Licensed CAs |
API subscription Model |
Privacy concerns addressed |
Assured Integrity with complete audit trail |
Simple Signature verification |
Immediate destruction of keys after usage |
Short validity certificates |
No concerns regarding key storage and key protection |
Jio Mobile SIMs to use eKYC or Aadhaar bases authentication:
The latest use of esignatures by Reliance Jio to verify the authenticity of the applicants has brought about revolutionary use of esignatures being used for the following operations:
- Bank’s use it as a tool to generate eKYC profiles of their customers.
- UPI or United Payment Interface will also be using esign facility.
- Digital Locker also uses the esign facility and in the near future all your important digital documents including degrees, title deeds, Wills, Birth Certificates, Passports and ID Proofs will be directly landing in your Digital Lockers.
- Even PAN issuring authorities like NSDL and UTISL have also allowed esignatures through Aadhaar Based OTP or biometrics to issue fresh PAN Cards.
- Sooner or later, the Voter Cards may become redundant.
- eSigning of IT returns up to Rs.5 lacs has already been enabled through aadhaar authentication.
Limitations of eSigns:
Neither RBI nor any legal agency has not mandated in favor of eSignatures. RBI or any other agency has neither said that “You can use eSign – Aadhaar based authentication” or they have stopped by saying that “You can not use eSign – Aadhaar based authentication”. It appears that effective changes will have to made to the Information Technology Act so that eSign facility through Aadhaar Based authentication becomes the most sought after Aadhaar Technology to enter into contracts by individuals competent to contract. To realise this dream minor changes may be required to link the imprisonment, blindness, lunatic or any other incapacitated condition of the Aadhaar Holder to send a warning signal to the other party that person esigning through Aadhaar based authentication is incompetent because he or she is either minor or blind, lunatic, imprisoned or of unsound mind.
By reading this article still have you any doubt that Aadhaar can’t change Destiny of India?
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