A relatively brand new phenomenon has come through starting from 25 May 2018: the gradual but yet seemingly unstoppable growing reputation of electronic signature. This is a consequence of a recent EU regulation (that came into force, precisely, on 25 May 2018), named GDPR. This acronym stands for General Data Protection Regulation, and it sets new rights and duties for what concerns electronic devices users’ privacy and safety within the European Union and European Economic Area’s borders.
Electronic signature is probably one of the Internet tools that most took advantage from this new regulation. In brief, GDPR has made electronic transactions and Internet business safer and quicker. And this rapidly enhanced safety level has pushed many companies to adopt this tool as a standard practice for all of their activities related to funds and documents exchanges.
The production and shipping of official documents – released by both public or private offices – are exactly the activity that has been most considerably eased by the electronic signature’s introduction. Before it, an electronic document, to be signed, had to be converted in a physical copy (a paper print), then hand-signed, and finally converted back in an electronic copy (typically a PDF file obtained from a document’s scan). An uncomfortable and time-consuming procedure, that implied a waste of time and many other ancillary items (paper, ink, electricity). By the electronic signature, everyone can sign documents online in PDF, avoiding all the intermediate steps.
If we consider the amount of documents issued by a company or a public office every working day, we can estimate the saving of time that electronic signature allowed to achieve. The positive spillovers for the offices’ working rhythm are immediately tangible, especially if the tool is reliable and efficient, such as the one produced by Yousign.com, a European leading company in this specific industry sector.