Research Report on China’s electronic signature industry in 2021 From 36 krypton Institute

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In recent years, the endless “radish seal” events have triggered heated discussions on signature security in all sectors of society. As a “technology oriented” signature mode different from the traditional handwritten signature, electronic signature is gradually occupying the vision of users.

What is an electronic signature

The electronic signature law of the people’s Republic of China implemented in 2005 defines the concept and connotation of electronic signature: electronic signature refers to the data contained and attached in electronic form in the data message, which is used to identify the identity of the signer and indicate that the signer recognizes the content. Generally speaking, electronic signature is based on the Internet to confirm and sign the content of electronic documents in electronic form through various technologies. According to Chinese regulations, a reliable electronic signature has the same legal effect as a handwritten signature or seal. In China, the implementation of reliable electronic signature depends on encryption technology, security authentication from CA organization and trusted timestamp to ensure the legitimacy and effectiveness of electronic signature.

Under the tide of digital transformation, the application value of electronic signature has been released

Electronic signature not only improves the efficiency of contract management, but also realizes the dual value of economy and environmental protection. It has become one of the important tools for enterprise digital transformation, cost reduction and efficiency increase, and is favored by more and more enterprise users. The epidemic in early 2020 has accelerated the penetration of electronic signature into multiple industries: the isolation caused by the epidemic has hindered offline office. In the remote office mode, electronic signature breaks through the time and space constraints, realizes the efficient processing of enterprise contracts, and further expands its application scope.

With multi-party empowerment, electronic signature products are becoming more and more compliant and secure

With the continuous release of market space, the risk of theft and abuse of electronic signatures also follows. In the future, with the joint efforts of government agencies, legal groups and technology enterprises, electronic signature is expected to develop in a more compliant direction and bring a safe and convenient experience to users.

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