Companies they can adopt digital signature technology stand to save a lot in their travel budgets. Right now there are number of activities that require person-to-person meetings in order to create binding legal contracts. Digital signatures allow you to use e-mail and other electronic documents into binding legally obligating way. This means that travel can be used for important negotiations and for the personal touch rather than simply for signing rituals after everyone has agreed on a particular set of documents.
Even more importantly they allow both parties to verify that the document has not been changed in a way that is nearly impossible with paper-based documents. This results in efficiency gains because lawyers don’t have to meticulously reject every single document and every single iteration of that document to make sure that something hasn’t slept in.
Digital signatures are slowly being adopted. Right now they are often used for electronic interchange between computers. For example your computer will verify the digital signature on a download before attaches itself. Once we get to the point that people are using digital signatures we will see a great boon in business-to-business efficiency and increasing productivity.
