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How to eSign a document: electronic signature legality for Investment Contract in Australia

they're not kind of like one is like a type of it think of like they're both like dogs but one is a different bre a a digital signature is an electronic signature but an electronic signature is not a digital signature in this video we're going to explain the differences between digital signatures and electronic signatures and mind you they're not the same thing here's an extremely dated example but one that's going to make it easier for us to understand imagine you're sending a letter to your grandfather your signature at the end of your letter that's your seal of approval that's your stamp of authenticity you see that signature is Paramount for security and trust it guarantees that the information came from the right Source now let's discern the differences between an electronic signature and a digital signature an electronic signature is just like a handwritten signature except electronic it's Unique to every person and it contains unique personally identifying information for every single signature no one else can use your e signature and you can't use other people's electronic signatures but a digital signature is akin to like a uniquely crafted wax seal on a handwritten letter it's again a testament to its authenticity so think for example a notary or going to a government official or having someone testify that the documents or information inside that document is correct that's what a digital signature is it's like an extra layer applied to an electronic signature that verifies the authenticity and accuracy of that signature what is a digital certificate a digital certificate is an electronic document that verifies identities it's AK to a digital passport it holds public key information name and other identifying details that allow you to discern who signed a document when it was signed where it was signed and it's really a certificate of authenticity for that signature now when applying a digital signature there's also another thing called a certificate Authority this is a a third party a trusted entity that issues digital certificates and validates the authenticity of a website or users or the signature they're essentially The Gatekeepers they determine what a digital certificate can be applied if it can be applied and they validate if it can be applied or not thank you so much for watching this video we really appreciate it if you want to learn more about how to use a contract management tool such as oneflow check out our hack videos on our YouTube page or if you want to start using a contract management solution for free you can get a free trial at our webpage onef flow.com where you'll be able to use all the features and premium benefits that come along with a full membership for 14 [Music] days