Electronic Credential Definition and Examples

Understanding Electronic Credentials for e-Signing

An Electronic Credential is essentially a digital form of identification used to authenticate an individual, organization, or device when performing electronic transactions. In the context of e-Signing, electronic credentials play a crucial role in ensuring the integrity and authenticity of signed documents.

What is an Electronic Credential?

Electronic credentials are the digital equivalent of physical IDs like passports or driver's licenses. They typically consist of digital certificates issued by trusted Certificate Authorities (CAs). These certificates contain information that can uniquely identify an entity and are used to verify the identity of parties involved in electronic transactions.

How Do Electronic Credentials Work?

When a user wants to sign a document electronically, their electronic credential is used to generate a unique digital signature. This signature serves as a tamper-evident seal that can be verified by the recipient to ensure:

1. Authenticity: The signature was created by the claimed signer.
2. Integrity: The document has not been altered since it was signed.
3. Non-repudiation: The signer cannot deny signing the document.

Examples of Electronic Credentials

1. Digital Certificates: Issued by CAs, these certificates are often used in Secure Socket Layer (SSL) for website encryption and in email encryption.
2. Smart Cards: Physical cards containing a microchip that stores digital certificates and can be used for secure access and signing.
3. Token-Based Systems: Hardware or software tokens generate a one-time-use code or store digital certificates necessary for signing.

Importance in e-Signing

In e-Signing, electronic credentials ensure that the process is secure and trusted. Here’s why this matters:

• Cost Efficiency: Platforms like GoodSign allow you to pay per use, without the heavy costs of subscriptions.
• Integration: GoodSign integrates these electronic credentials seamlessly into your existing workflows.
• Accessibility: No gating of features or extra costs for additional team members, ensuring everyone in your organization can utilize secure e-Signing.

By pledging secure, authenticated, and cost-effective solutions, GoodSign elevates the e-Signing experience, ensuring your transactions are both seamless and secure. Embrace the future of electronic transactions with the credibility that electronic credentials provide!