Notarization and eSignature

Frequently Asked Questions

• Why is it important to respect the eIDAS regulation

  eIDAS is an E.U. regulation, also known as the Electronic Identification and Trust Services Regulation, or eIDAS Regulation 910/2014/EC.

  While contracts were previously expected to be signed in person or in wet ink, the eIDAS regulation empowers businesses and customers to sign contracts digitally and securely, paving the way for easier cross-border transactions.

• What is AdES B-LTA signature

  An advanced electronic signature is an electronic signature which is:

  • Uniquely linked to and capable of identifying the signatory;
  • Created in a way that allows the signatory to retain control;
  • Linked to the document in a way that any subsequent change of the data is detectable.

  B-LTA level provides requirements for the incorporation of timestamp tokens that allow validation of the signature long after its generation. This level aims to tackle the long-term availability and integrity of the validation document.

• How can eSignature validity can be checked?

  All electronic signatures of the document can be analyzed and reports produced with the validation results on https://dss.nowina.lu/validation or https://ec.europa.eu/digital-building-blocks/DSS/webapp-demo/validation

• How do you choose a file sharing service for a business?

  There are a lot of file sync and share solutions on the market, so it is important to evaluate the solution that’s right for specific business environments.

  Key criteria include:

  • Security — Does it provide the industry’s strongest security? Does it support multifactor authentication (MFA)? Does it enable encryption at rest and in transit, access control for files or policy controls for users, apps and data?
  • Efficiency — Does it enable users to work on files using popular mobile devices, Macs and PCs? Does it enable users to annotate and edit documents on the go?
  • Simplicity — Can you start using it quickly? Does it provide end users with an intuitive interface, eliminating the need for training?
  • Upgrade — Does it support options to enable more functionalities “on the spot”; e.g., eSignature and blockchain-based data notarization?
  • Embedded eSignature — Does it respect regulations that prove signature validity in front of a legal court?
  • Embedded notarization — Does it provide the possibility to guarantee document integrity?
  • Verification — Does it provide tools to prove signee identity and document integrity?

• How to protect files?

  To avoid financial and reputation damage that could result from a data breach, it is critical to handle a business client’s sensitive information carefully (e.g. customer or client data). Corporate files and data that are shared across different devices and locations should be protected with a secure cloud-based file sync and share service. A truly secure cloud FSS service is possible thanks to advanced methods for sharing and storing files, flexible policy controls, and highly secure data centers. These methods ensure you have full control over the data location, management and privacy.

• Is online file-sharing secure?

  It can be. Truly secure cloud EFSS services are possible thanks to advanced methods for sharing and storing files, flexible policy controls and highly secure data centers. These methods ensure you have full control over the data’s location, management and privacy.

  FSS solutions that do not include such capabilities, however, should not be considered secure.

• What is blockchain?

  Blockchain is a technology based on the principle of a continuously growing list of data records, or blocks, which are linked and secured using cryptography. Each block contains a cryptographic hash of the previous block, including a timestamp and transaction data.

  Most people know the term “blockchain” because it is used as the basis for cryptocurrencies like Bitcoin or Ethereum. But the underlying concept allows blockchain technology to have a variety of use-cases, such as file notarization, digital voting, creating smart contracts, and more.

  The key advantages of the technology includes:

  • Security: Blockchain uses strong cryptography to create transactions that are impervious to fraud.
  • Distributed architecture: Blockchain leger is not owned by anyone as it can be distributed across multiple organizations and becomes more secure as replicas are added.
  • Impossible to backdate changes: Every transaction is written into the ledger once and cannot be changed thereafter.

• What is blockchain-based data notarization?

  Blockchain-based services for data notarization allows users to notarize business critical data of any type by creating a digital fingerprint for files and automatically storing it in a public blockchain ledger. It empowers companies with independent validation of data authenticity and proof it existed at a specified date and time.