Are e-Signatures safe?

The ongoing pandemic has pushed most businesses to work remotely with the adoption of new digital tools and habits. Major companies including real estate developers  are already doing more online transactions and accept digital signatures even for their very sensitive sales documents. However, people do not realize the danger of having their unsecured digital e- signatures that can just be easily copied, pasted and used by unscrupulous individuals. Also using a US company for your e-signature creates a problem for the privacy of your sensitive contracts or agreements.

Companies have seen a spike in their expenses and demand for video meeting, cloud storage, electronic signature and collaborative solutions. While these tools have been widely adopted to make work more efficient, it comes at the price of an explosion of ransomwares, cyber-attacks, counterfeit documents, identity and data theft at a global loss of $5 trillion in 2020 with an expected increase of 15% per year.

While there are some leading Document signature applications, a more advanced system with a higher level of security has recently been introduced in the Philippines. Doconchain has developed all the necessary tools for businesses using blockchain and NFTs secured solutions to protect your documents against hacks and counterfeits while preserving your privacy at affordable costs.

People do not realize the importance of securing their valuable signatures and documents until they become victims of forgeries or falsification of documents. With Doconchain, Signatures NFT managed, user signatures are recorded as unique fingerprints with timestamp into the document which can't be copied or forged. Documents are then fragmented, duplicated and encrypted into several blockchain storage locations, ‘the nodes’ before to have themselves stored in your system. (cloud or on premise) to be fully protected against cyberattacks and for a high level of security and privacy. Furthermore, with very easy and simple steps, the documents can then be tracked with its Passport which includes an audit trail with events blockchain recorded and verifiable elements.

DocOnChain will be conducting a Document Security Awareness webinar on August 4, 2021 via zoom. Interested parties may contact Alejandro Mañalac, DocOnChain's Ambassador for Philippine Real estate.