How Does eSign Aadhaar Change the Business Document Signature Process

In the past, illiterate people used a thumb to authenticate their identity. After that, the wet-ink signature concept is an ever-using signature process to sign documents. However, there are various security issues associated with pen-paper signatures, such as people easily imitating the signature of any person and using it to commit scams and forgeries. 

It is not limited to individuals; enterprises are also victims of unexpected activities that spoil their reputation and reduce consumers' trust in the brand. Fortunately, the Aadhaar signature is a revolutionary method of paperless signature that contributes to a faster business operation process, closes the earliest transactions, and prevents the chance of penalties. 

What is an Aadhaar-based eSign? 

The purpose of using Aadhaar eSign is to sign digital documents from anywhere and anytime with a high-speed Internet connection. Compared to ordinary handwritten signatures, Aadhaar-based eSign solutions are considered safer, more convenient, faster, and budget-friendly and create an additional layer of security for your existing business infrastructure. 

eSign Aadhaar leverages the power of Aadhaar, the world's largest biometric system integrated with these digital signature solutions. The UIDAI database has every individual record in its system, which is unique and can't be copied by others. When users visit the eSign service platform, they are required to enter a one-time password (OTP) to authenticate their identity in real time. The OTP holds the user's identity record, helps signers avoid carrying various documents, and does not require multiple checks. 

The signers can perform the eSign from the comfort of their homes without visiting a business's physical office. 

Overview of Aadhaar-based eSign 

Aadhaar-based eSign solution is straightforward even if the user has no technical background or knowledge. In this process, businesses can offer eSign on their platforms to their customers, suppliers, and contractors, which saves significant time, money and effort. The Aadhaar eSign is a government program introduced in 2015 with a legal entity well-defined in the IT ACT. In India, no one can deny the authenticity of this paperless signature solution, and it is applicable everywhere you need digital signatures to replace wet-ink signatures. 

What is the step-by-step process for how aadhaar-based eSign works? 

The eSign service solution is easy to use. The user gets a link to a registered mobile number or email address.

• The signer is required to open the link and read all the instructions carefully.
• Once the signer agrees to the terms and conditions, they can proceed with eSign through the Aadhaar process.
• The user must upload the document where they want to affix the digital signature. 
• The user must enter an Aadhaar number on the given Aadhaar eSign portal.
• The signer receives an instant OTP on the registered mobile linked with Aadhaar. 
• You need to enter the right OTP on the eSign service provider platform, and the eSigned is done. 

Who can Use eSign Service?

As we know, eSign through Aadhaar is not bound to a particular industry. In general terms, anyone can use an Aadhaar signature where you need to sign on the document in place of wet-ink signatures. It applies to everything, such as agreements, contracts, marriage certificates, routine business documents, admission forms, administrative work, B2B transactions, court processing, and many more. 

Instead of handwritten signatures, eSign with Aadhaar provides better convenience to individuals and businesses. It reduces turnaround time, saves energy, and gives peace of mind. So, it is time to say goodbye to the manual signature process and embrace the advanced digital signature technology that is demanded of the future. 

Various Use Cases of  eSign Aadhaar

• Banking and NBFCs: Online banks can integrate the Aadhaar signature into their existing banking system, facilitating applicants' ability to sign the account opening form from a distance. In the NBFC sector, if the person strives to get a loan from the lender, they need to eSign the various documents before processing. 
• Use of eSign Aadhaar in Healthcare: Whether it is doctor prescriptions, patient consent forms, or medical records, eSign Aadhaar provides a higher level of efficiency and flexibility from a remote location. 
• Aadhaar eSign use in Real Estate: With the help of the Aadhaar signature, real estate agents can accelerate their real estate transactions, which include rental agreements, lease agreements, property transactions, etc. 
• Bottom Line: Aadhaar eSign is in massive demand in the government and private sectors due to its cost-effective, faster, and more convenient methods of digital signature. It includes banks, insurance companies, MNCs, government agencies, and many more. Meon Technologies is an eSign solution provider in India that can help you easily integrate the eSign API into your existing business system.