Legal Contract Digital Signature — Law Blocks AI
Law Blocks AI is a legal tech ecosystem offering various legal solutions to your legal problems. If you are an individual or a business person with legal issues, Law Blocks AI is for you. Our AI platform is developed to offer legal solutions in an easy, fast and affordable way. Law Blocks AI is integrated with AI legal template generation feature, AI Legal Chat feature, Arbitration, Mediation, Pre-drafter legal template purchase, Secure Legal contract upload on Blockchain, and Legal Contract Digital Signature.
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In this article, we are about to have a detailed look into the Legal contract Digital Signature Feature.
What is Digital Signature?
A digital signature acts as an electronic equivalent to a physical fingerprint or ink-based signature. It serves as a verification tool, ensuring the authenticity of digital materials like text documents, emails, or spreadsheets. Utilizing sophisticated algorithms, digital signatures create an encrypted message that links a signer to a specific document. This method of signing secures the document’s content, confirming that no alterations have been made post-signing. Additionally, it delivers essential details such as the origin of the message, its current condition, and the approval of the signer.
How does Digital Signature work?
Digital signatures adhere to the Public Key Infrastructure (PKI) standards. This system involves a pair of keys: a public key for sharing and a private key for personal use, both produced by signature software through cryptographic methods. When a person digitally signs a document, they generate an encrypted signature with their private key. Concurrently, the software creates a cryptographic hash that corresponds to the signed document, which is then attached to the document along with the signer’s public key before being sent to the intended recipients.
Upon receiving the document, recipients use the public key certificate to decrypt the hash. They then produce a cryptographic hash on their end. The authenticity of the document is confirmed by comparing the two hashes; if they are identical, it verifies that the document remains unchanged since the time of signing, thus establishing its legal validity.
For the security of digital signatures, PKI requires that the keys be generated, managed, and stored in a secure manner. This typically necessitates the use of a trusted Certificate Authority (CA) to oversee these processes.
Law Blocks AI — Legal Contract Digital Signature
Law Blocks AI is integrated with a legal contract digital signature feature, in which the users can sign their mutual legal contracts with the help of Digital signature feature.
User A, Who creates the legal contract, can send the contract to User B who needs to sign the document.
By entering the details (Name and Email) of User B, User A can share the document by mentioning the place where User B needs to sign the document.
Once the details are entered and submitted, User B will receive a mail, which redirect to the User B — Law Blocks AI profile. From there, User B can sign the contract digitally using the integrated cryptographic digital signature feature.
Once the document is signed and submitted, the User A will be notified in the Law Blocks AI platform.
This process of legal document signature will be secure, easy and fast. Both parties can access the document. And also store and Manage the document securely in the XDC blockchain network.
Conclusion:
The process of creating, optimizing, and signing a legal document will be a lengthy and time consuming process, but it is made easy and secure with the Law Blocks AI. We are making the legal process accessible, fast and easy for everyone globally. Anyone from any country can access our Law Blocks AI. Our platform is designed and developed based on each country’s law and regulations. If you are looking for a fast, easy and secure legal service, feel free to sign up for Law Blocks AI.
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