EIDAS

What is eIDAS?

eIDAS stands for “electronic identification and trust services”. It is a regulation of the European Union that was introduced in 2016 to harmonize and simplify the use of digital identities and trust services throughout the EU area.

What does eIDAS mean for potential users of an e-signing system?

For companies wishing to use electronic signature and identification, eIDAS is an important factor to take into account. eIDAS provides a common standard for electronic identification and trust services across the EU area, facilitating cross-border transactions. It also means that a digital signature has the same legal value as a handwritten signature.

DealBuilder — eIDAS compliant e-signing system

The DealBuilder e-signing system is built in accordance with the requirements of the eIDAS Regulation. This means that DealBuilder users can rest assured that signatures being created and verified in the system comply with the legal requirements applicable throughout the EU.

Similar arrangements in other countries

In addition to eIDAS, there are similar electronic signature schemes in other countries. For example, the ESIGN Act, a law in the United States that gives electronic signatures the same legal value as handwritten signatures. UETA is an equivalent law that applies in many U.S. states. These laws make it easier for companies to conduct transactions across state and national borders. DealBuilder is built according to the requirements of both eIDAS, ESIGN Act and UETA and thus provides a foundation for the secure use of electronic signatures worldwide.

Conclusion

eIDAS and similar schemes such as the ESIGN Act and UETA make it easier and safer to use electronic signatures and identification in business life. Businesses that use DealBuilder can rest assured that they are complying with applicable laws and standards, and can complete transactions quickly and efficiently. With eIDAS, businesses can also carry out cross-border transactions throughout the EU area with the same legal value as a handwritten signature.