Why has e signing risen rapidly in recent years?

The rapid rise of e-signing is an essential tool for the global digitalization process.

1. Technical reasons.

In fact, the encryption technology used in electronic signatures is relatively mature, and signature technology has been widely used before 2014.

Therefore, the rapid rise of a number of electronic signing companies, including Fada, is due to the development of network security and remote identity authentication technology in recent years, and the gradual improvement of cloud infrastructure.

2. Favorable policies.

In recent years, the state has been emphasizing supply-side reform to improve supply-side efficiency, and electronic contracts have also gained development opportunities in large policy dividends.

Internet finance, tourism, insurance, ** and other industries have successively issued encouraging documents related to the use of electronic signatures. This is a great benefit for the entire electronic signature industry.

3. Driven by user demand.

The momentum of Internet finance has directly driven the development of the SaaS electronic signature industry, which is one of the most important reasons.

Because of the development of Internet finance, a large number of online investments and high-frequency transactions have been directly generated. It's important to know that online investing is very different from the online shopping we are familiar with – it involves investment agreements that require higher legal validity. At the same time, due to the wide variety of online Internet financial products, the frequency of signing these investment agreements is higher than that of offline.

The user demand brought about by the development of the Internet finance industry has become an important driving force for the initial development of the entire electronic signing industry.

At the beginning, the scene of its use made ** institutions, because ** official documents need to have red heads and seals to circulate. With the improvement of people's awareness of electronic signatures, third-party platforms have also begun to apply them to the Internet finance industry and the P2P industry, which is the broadest application scenario, which is conducive to the strong supervision of the Internet.

Nowadays, in order to achieve business upgrading and enterprise reform, many tourism industries and logistics industries have also begun to use electronic signatures to replace the signing of traditional contracts, and it is believed that in the future, its application scenarios will involve all aspects of people's lives.

1. The trend of social environment and the power of science and technology lead the development of electronic contracts.

2. National policy support, laws and regulations issued by the state to escort the development of electronic contracts.

3. The market environment is superior, and the market value of foreign docusign companies has exceeded 10 billion US dollars, and there are many leading domestic companies that have obtained a lot of financing.

4. Compared with traditional paper contracts, electronic contracts have obvious advantages in many aspects, making electronic contracts more and more widely used in various industries, with higher and higher market awareness and more and more abundant application scenarios.

It is believed that with the development of information technology, the arrival of the era of electronic contracts will be unstoppable.

Why will electronic signing be quickly picked up in the past few years, because electronic signing is more convenient, easier to preserve, and the biggest thing is to save time and space.

Electronic signing refers to a way to reach a contract online, which is realized with the help of digital signature, information encryption and other technologies, and can directly affix a signature or seal to the electronic document, which also includes a series of actions in addition to the signing of electronic contracts. Including contract signing, management, and electronic contract is an electronic document signed in the process of electronic signing.

The traditional offline signing model is not suitable for the business model under the development of the Internet in terms of signing efficiency, risk control, and signing cost. Traditional contract drafting, approval, signing or sealing on the document and then subsequent archiving management are cumbersome, while electronic signing mainly uses digital signature, information encryption and other technologies to directly stamp signatures or seals on electronic documents to complete contract signing. Signing and sealing is an action in the whole signing process, and the intermediate link also involves the approval of the contract.

Whether it is an online paper contract or an online electronic contract, enterprises can intuitively understand the amount, terms, signing date and other information marked in the contract, but the various information of the signing action, such as the date of signing and the signatory, cannot be directly obtained in the paper contract, while the online electronic signing can directly obtain accurate and accurate signing information online.

Whether it is the Civil Code or the Electronic Signature Law, the regulations clarify the legal effect of electronic contracts and electronic signatures. These legal provisions not only clarify that electronic contracts have the same legal effect as traditional contracts, but also establish the legal status of electronic contracts from the legislative level, and clarify the legal compliance of electronic contracts.

Electronic signing includes electronic contracts, which are not limited to the signing of electronic contracts, but also include a series of actions other than the signing of electronic contracts, involving the whole life cycle of contracts such as intelligent approval, intelligent management, compliance management, and authority management.

First of all, the signing of the contract must be between different civil subjects. In addition to the participation of Party A and Party B, there may also be three parties to sign, not only the two parties.

Finally, there is the affinity. Signing is an action in the process of signing, but around the middle of the signing also needs to complete the approval of the contract, and the approval needs to be participated by several people, including the approval authority, how the seal authority is distributed and the related relationships, that is, in addition to the signing subject, other related relationships are intricate. Shangshang Electronic Signing is the first third-party electronic signing vendor to emphasize that "electronic signing is not the same as electronic contract".

It is not limited to the signing of electronic contracts, but also focuses on a series of actions other than the signing of electronic contracts.

Compared with the past signing or sealing on paper documents, the electronic signing mode is a technology that can directly affix a signature or seal on an electronic document with the help of digital signature, information encryption and other technologies.

1. The essence of electronic signing:It is a form of contract signing (in the form of data messages), so its main role is to safeguard the legitimate rights and interests of the parties to the contract.

2. The implementation principle of electronic signing:There are two main parts to electronic signing technology:

First, the electronic document can be directly stamped with a signature or seal through technical means, that is, the appearance of a signature or seal;

Second, since electronic documents exist in the network environment, reliable electronic signing technology also needs to ensure that the identity of the electronic contract signed is identifiable and the signed content cannot be tampered with.

3. Problems solved by electronic signing:Because the traditional offline signing model is not suitable for the business model under the Internet model in terms of signing efficiency, risk control, and signing cost, the electronic signing model has been promoted.

In terms of risk control capabilities,Electronic contracts signed with reliable digital signatures have the characteristics of recognizable signing identity and tamper-proof signing content, thus improving the security of contract information.

In terms of signing efficiency,The online signing mode simplifies the operation process of seal application, round-trip delivery, archiving and access, etc., improves the drawbacks of manual follow-up throughout the whole process of paper contract signing, and improves efficiency;

In terms of cost control,It not only saves the purchase of paper, but also eliminates the cost of delivery, storage space and other energy consumption, and at the same time, the streamlined operation of the online signing mode effectively reduces labor costs, uses labor costs for more valuable work, and creates higher value.

Electronic signing is the signing of contracts, documents, agreements, etc. through various technical means through the Internet.

Different from traditional paper signing, electronic signing must ensure its validity, according to the provisions of the Electronic Signature Law of the People's Republic of China, the following points must be achieved: real identity, true will, original text has not been changed, and signature has not been changed.

How to ensure these points, many third-party electronic signature products on the market use different technologies. Let's take the 5G fast sign electronic signature cloud platform used by our company as an example.

5G Quick Sign is an electronic signature cloud platform created by China Mobile Internet Company and China Financial Certification Authority (CFCA), which is developed by electronic signature, identity authentication, hash algorithm, timestamp and other technologies, and has a variety of signature methods such as face recognition, SIM shield PIN code authentication, SMS authentication, etc., to ensure the security and effectiveness of electronic signatures.

Although these technologies seem complicated, they are very convenient and fast for users to use, and they can be stored and managed after the contract is signed, and can be quickly found for the next use, saving a lot of time.

In the simplest terms, it is to use electronic technology to affix the signature or official seal of the contract signer to the electronic contract, and ensure the validity of the signature to realize the signing of the contract.

To put it simply, electronic signing is to transform the traditional paper contract signing into signing through the Internet, and all the signing processes are completed through the network, no longer need paper, no longer need physical seals and handwritten signatures, and do not need to print.

To complete the electronic contracting, you need to rely on the electronic signing technology:

Technique 1: Real-name verification.

Technology 2: Encrypted transmission.

Technology 3: Timestamp curing technology.

Technology 4: Blockchain Evidence Preservation Technology.

E-signing technology at a glance.

Electronic signing, also known as digital signing, refers to the setting and comparison of user signatures and seals through Internet technology, so as to remove the user's limitations in space and time on the premise of ensuring security, and complete business operations such as contract signing and order confirmation anytime and anywhere, without the need to consume a lot of manpower and material resources.

Signshield is a full-evidence chain electronic contract signing platform, mainly for finance, insurance, third-party payment, tourism, real estate, logistics, B2B, B2C online trading platform, human resource management and other enterprises, institutions and individual users to provide electronic contracts, electronic documents signing and evidence preservation services, while integrating the provision of judicial appraisal, online arbitration and lawyer services.

Signshield will "subvert the traditional signing model and change the way of signing in the future" and create a new standard in the electronic contract industry!

Whether it is the business model of the enterprise, the national policy or the capital activities, they are strongly driving the application and development of electronic signing products

The rapid development of cloud computing and mobile Internet scenarios has provided a broad market space and sales channels for the use and popularization of electronic signing.

The increasing perfection and maturity of national laws and policies in the field of electronic signing have provided a certain legal basis for the application of electronic signing in various industries.

The financing environment is becoming more and more superior, and the strong financial support has "escorted" the development of manufacturers, and the scale of the electronic signing software market has doubled in the past three years.

The expansion of market voices and the popularization of the concept of electronic signing by third-party electronic signing service providers have widely improved the awareness and acceptance of electronic contracts by enterprises and individual users.

It is expected that by 2024, the Chinese market will nearly double its share of the global electronic contracting software market compared to 2019.

1. Policy dividends: Driven by policies, the acceptance of electronic signing has been continuously improved, and the penetration of electronic signing into non-first-tier cities has accelerated.

The penetration rate of electronic signatures in public utilities, retail, logistics and other fields is rising, and industries such as finance, real estate, manufacturing, medical care, human resource management, tourism, and education are also gradually applying electronic signatures.

2. From the perspective of enterprises, human resources departments, product departments, legal departments, risk control departments, business departments, etc. are all using electronic signatures. The application scenarios of electronic signing are also gradually increasing, such as the signing of medical electronic prescriptions, real estate contracts, logistics and transportation agreements, labor contracts, bank credit authorization agreements, and so on.

3. Geographically, the attention of the electronic signing network is mainly concentrated in East China and South China, where the electronic signing industry started early, developed more maturely, and the digitalization process is relatively fast. The number of enterprises in coastal areas is large and concentrated, and coastal areas such as Guangdong, Shandong, and Zhejiang pay more attention to electronic signing.

China's electronic signing industry has formed a relatively complete industrial chain, and the real-name authentication, trusted timestamps and digital certificates required for electronic signing are provided by enterprise and individual real-name authentication bodies, timestamp service agencies and digital certification centers respectively. With the popularization of electronic signing, third-party platforms have begun to develop, such as assured signing, which mainly provide users with one-stop and specialized electronic signing services.

Yes. Compared with traditional paper signing, electronic signing has the following advantages:

The essence of electronic signing is contract signing, which corresponds to electronic contracts.

Compared with traditional contracts, electronic contracts have the following new characteristics: First, the contract conclusion environment is virtual. Both parties or parties to an electronic contract operate on the network, and the relevant content of the contract is stored in a computer as electronic information.

Second, all aspects of the contract formation have changed, and all links in the process of electronic contract formation must be carried out through the Internet, and the determination of the time of issuance and receipt of offers and promises is more complicated. In addition, the performance of electronic contracts is more complex than traditional contracts. Third, traditional contracts can only be effective if they are signed or sealed by the parties, but electronic contracts are replaced by simple forms of electronic data signatures.

Fourth, electronic contracts are efficient and convenient.