Difference between electronic signature and digital signature

In the modern times we live in, digitalization has taken over a good part of people’s lives. So businesses and organizations have been using digital modes for a variety of daily functions. Whether it is the signing of contracts or the authentication of documents, a big shift to digitalization can be easily seen. The ease at which digitalization performs a lot of the tasks and functions is worth it. In the purview of that, understanding what a digital signature and an electronic signature is and how they differ from each other is necessary.

What is a Digital Signature?

Digital signature

If you are wondering what is digital signature, then the answer is that it is a secure signature that has been signed electronically with the help of a hash function and asymmetric cryptosystem. It is important to note that a digital signature will be issued and authenticated only by a certifying authority and the owner’s private key will be required to sign it.

When the question of what you mean by digital signature comes on, the important thing to understand is that the need for the owner’s private key makes it an authentication method that is difficult to beat.

If you want to know what digital signature is used for, the answer is in multiple tasks and functions. In banks and financial institutions, the digital signature is much preferred over the electronic signature for the higher level of security it offers to owners.

What is an Electronic Signature?

Electronic signature

If you are looking for an easy answer to what is an electronic signature, the answer is that it is a digital version of a wet signature. Now you may not be aware of what a wet signature is. It is the signature that is made by the concerned person on paper using a pen. It is the traditional way signatures have been done for centuries.

The electronic signature is the digitalization of the wet signature. It is done often online and the person who wants one for themselves will be able to create one online. There are many applications and software available that allow you to do that. Of course, you can also ask for help from your bank or a financial expert for information about how to do electronic signature.

Difference between Electronic and Digital Signature

 Electronic and Digital Signature

It is not uncommon to think that digital and electronic signatures are the same. They may seem to be the same, but there are some significant differences between the two. Knowing the difference and using them in your professional life can be effective. For instance, if you happen to be a part of the construction industry and use construction software to manage your workload better, the digitalization of your signature may be the key you were missing. Using Signax for the high-quality digital tools they offer construction companies can be helpful in this regard.

Let’s have a look at the main differences between electronic signature and digital signature.

  1. Usage: The main electronic signature and digital signature difference to know about is their usage. While an electronic signature is used for the verification of a document, a digital one is used for securing the document.

  2. Encryption Method: Another important point of difference between the two is that a digital signature uses cryptography and coding for embedment. This is great because it lets digital signatures be much safer and offers a higher level of security than the other. That is the reason why most institutions will prefer digital signatures.

  3. Legal Aspect: Electronic signature and digital signature differences also come into view when the legal aspect is taken into account. Digital signatures can be put forward as evidence in a court of law. This is because they show a higher level of authentication and security. So chances of hacking into digital signatures are very little and hence their legality is not questioned as much.

  4. Security Matters: When talking about digital signature and electronic signature difference, the matter of security cannot be denied or ignored. The digitalization of signatures has been to ensure comfort and if it does not offer a high level of security, it will not be preferred by institutions like banks and financial companies. In this matter, digital signatures are considered more secure and possessing of a higher level of authenticity than their electronic counterparts.

    The reason for this is that digital signatures will require a secure private and public key to ensure success. In contrast, electronic signatures have no mode in which the authenticity of the owner can be verified.

  5. Authorization: Another crucial point of difference is that while digital signatures are automatically authorized because of the presence of private key usage, they are much more secure than electronic signatures, which are usually not authorized. It is ideal to choose authorized modes of signature to ensure safety and security to yourself.

  6. Tampering Occurrences: There is almost no way that digital signatures can be tampered with or hacked into, but in the case of electronic signatures, it can be done easily. In fact, after signing a document using a digital signature, it is almost impossible to tamper with it or infringe on it in any way.

Now that the whole discussion of what is the difference between digital and electronic signatures has been explained in detail, it can be easily seen that a digital signature is much more preferred. When it comes to managing modern businesses of the day, it is seen that going the digital way makes a lot of things easier and more cost-effective. Looking for IT solutions to construction business modules is thus quite useful in terms of fewer human errors and cost-efficacy.

Digital signatures are indeed safer and far more secure than electronic signatures. So if you are planning to get one for yourself, getting a digital signature may be a smart move. Instead of trying to do it on your own, especially if you have no digital expertise as such, it is preferable to have a service provider do it. This way, you will be able to start using digital signatures in your business and elsewhere soon enough.