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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."
How to signify electronic signature?
This is one of those things that people have had to figure out over the years, but most people are just now starting to think about it. It is a little bit like the way that a barcode is used, and how it's used that doesn't really make a lot of sense on a digital device but makes perfect sense on a paper document – you can't tell when you put your hand on a barcode, but you can tell when you put your hand in a letter. We just don't know how to represent electronic signature in a way that is easy to read – it's a little bit like that.
I've been doing some experimenting with writing out some of the characters myself, just to see if I could use one of the characters. I've been using some of the Latin characters as well, and I've seen if there's an opportunity to use a Greek character to represent an electronic signature. When I saw that, I said "You know, I think I could do something cool with the Greek characters too." When you're doing that, of course, one of the things you do is have it be written out, but if you can add a little bit of text around this, if you can make it readable, that makes it all a lot more convenient.
It's all a matter of being willing to experiment. If you think about it, it's a lot of information. It's a lot of characters to write out. It's not easy to find a font that will do it for you. The challenge is, there are so many variables that affect it. I'm sure you guys have seen that a lot. Some fonts, you just can't make the characters work – there's...
What does esign mean?
What is the role of a digital market? What is the role of a currency? What are the benefits? What is the disadvantage? What is the future? What are the opportunities? " he said.
According to him, the main advantage of bitcoin and cryptocurrency are in its potential to make use of the blockchain technology.
He explained that blockchain is a peer-to-peer, distributed ledger, which allows users to securely, quickly and efficiently record transactions.
A blockchain is a set of records which cannot be altered.
"A block is a record of every single transaction, which is a copy of the previous block," the CEO said.
"This makes it easy to transfer money, because there is only one copy of the previous block. The only way to make it change is by the consent of all the participants in the network. If they want to add something, or change the rules, you need everyone's consent."
However, the blockchain technology could, therefore, be applied to a broader range of uses than digital currency, which is in many ways very different.
In an interview with Cointelegraph, he explained that the use of blockchain could in future be used to make secure online shopping, payments in peer-to-peer markets using cryptocurrencies, and even to record contracts.
He said:
"There is so much potential for the blockchain. It is an open-source technology. It can be widely used. One of the advantages that blockchain has over any of the traditional technologies, such as databases and credit-cards, is that...
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