eSign Iowa Profit and Loss Statement Secure
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Frequently asked questions
How do you make a document that has an electronic signature?
How do you make this information that was not in a digital format a computer-readable document for the user? "
"So the question is not only how can you get to an individual from an individual, but how can you get to an individual with a group of individuals. How do you get from one location and say let's go to this location and say let's go to that location. How do you get from, you know, some of the more traditional forms of information that you are used to seeing in a document or other forms. The ability to do that in a digital medium has been a huge challenge. I think we've done it, but there's some work that we have to do on the security side of that. And of course, there's the question of how do you protect it from being read by people that you're not intending to be able to actually read it? "
When asked to describe what he means by a "user-centric" approach to security, Bensley responds that "you're still in a situation where you are still talking about a lot of the security that is done by individuals, but we've done a very good job of making it a user-centric process. You're not going to be able to create a document or something on your own that you can give to an individual. You can't just open and copy over and then give it to somebody else. You still have to do the work of the document being created in the first place and the work of the document being delivered in a secure manner."
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How does the electronic signature work with shootproof contracts?
The electronic signature has been implemented in the digital signature field. For example, if one is using a contract that requires a deposit of a security, the signature is stored in encrypted form on a smart chip. A smart chip is stored in a wallet that the user carries with them at all times. If the chip is stolen or the wallet is lost, the electronic signature will still be in the wallet. When this occurs the wallet owner can be contacted to confirm the contract is not in breach.
The electronic signature is also used with shootproof agreements. The contract owner can still access the electronic signature when the contract is executed by a client. Therefore, if there is an issue with the contract, the smart chip will be available to prove the contract is still in existence for the client.
Why is the electronic signature not a security?
The electronic signature is not a security because it does not provide any assurance in itself that the contract is not broken. It is important to keep in mind that the signature cannot be used as proof in itself for contract disputes as a security should be provided.
Are shootproof contracts better for consumers?
As a professional, one will need a shootproof contract for a long time. Shootproof contracts offer additional protection as a result of the electronic signature system.
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