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Jakarta Post

Digital signature gains traction. So long, wet signature

  • Daniar Supriyadi and Cintya Shifwah S

    Jakarta

Jakarta   /   Sat, November 21 2020   /  01:00 am
Virtual approval: Twitter chairman and Square CEO Jack Dorsey (right) demonstrates an online transaction as Rakuten president Hiroshi Mikitani inputs a digital signature on a smartphone during a conference on April 16, 2013 at the New Economy Summit 2013 in Tokyo. (AFP/epost-robot)

More than a decade ago, the digital signature was introduced to establish authenticity of electronic documents (legally known as the electronic certificate). Since then, it has gained much attraction, as evinced in a 350 percent rise on the acquisition of digital signatures into business and financial transactions (Katadata.co.id, June 5, 2020). One of the reputable providers of digital signatures told journalists that more than 4,5 million individuals use its products to electronically sign documents for opening bank accounts, making contracts with loan companies and credit card companies, establishing employment relationships, invoicing customers, processing order and delivery receipts, publishing intra-organization memos or entering partnership contracts (Kontan.co.id, Dec. 9, 2019). Globally, the market of digital signatures is valued at around US$1.04 billion, and it is expect...