Nowadays, Digital Signature is taking an essential part in e-commerce. One cannot imagine an online business without a Digital Signature whether it is tendering, filing, procurement, auditing and signing of a document. Digital signatures are having the properties of author confirmation, confirmation of the date and time of the signature, validate the contents at the time of the signature, as well as be provable by a third party in order to resolve arguments.
Digital Signature is used to confirm our identity to a third party, by the online programs available on the internet and programs installed on a local server computer. It is a unique authentication process which cannot be repudiated by a forged person. It is a set of an individual’s data in encrypted form equivalent to the original signature on a paper document, however, it is only applicable and acceptable for an electronic document, online filing, online transaction and email signing. Because of its security, confidentiality, integrity it is widely used for various secure transactions. Using of a Digital Signature is performed by a DSC which is various types according to its application in various online authentication. Digital Signature Certificates are transparent for checking its reality. Class 2, Class 3 and DGFT are the types of DSC.
Filing of MCA/ROC, income tax return, EPF account transfer, signing of email and e-documents and filing in some division of e-tendering is performed by the Class 2 Digital Signature Certificate. Class 3 Digital Signature Certificates are utilized in e-tendering, e-bidding, e-ticketing, e-procurement and many more online transactions. The DGFT digital Signature Certificate is only used by the exporters and importers to communicate with DGFT and filing documents on DGFT website. Any firm or company or an individual can make their transactions with a transparency and trust from both parties is only possible by Digital Signature Online.
Tendering is one of the most confidential part of a business and it needs a lot of document authentication and verification. In earlier days it was being performed manually with very lengthy paper works, but nowadays is performed by online process. In online process there is so much longer process of downloading all documents, signing and verifying manually and then uploading the verified documents. Class 3 Digital Signature Certificate is the best e-Tendering Solutions to overcome from this problem of tendering and it has been made the process easier and confidential. Using Class 3 Digital Signature Certificate one can fill a tender through the e - tendering process very quickly with hundred percent security, confidentiality and integrity without any repudiation. It paperless, timeless and transparent authentication process.
