E-signatures: How Sleek guarantees the integrity of legal documents by using Google Cloud HSM
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(Click here to view the original article on Medium)
Traditionally, corporate services are paper-based like physical signings to printing and scanning of documents. It was far away from the current digitalisation.
Sleek made these services completely automated and digitalised. With Sleek’s online platform, it allows business owners and entrepreneurs to manage their company compliance from anywhere in the world, at any time.
One essential service that Sleek offers is the ability to use e-signatures. Now you can sign official documents like – constitutions, shareholder and board resolutions. By having an online platform, it comes with more benefits as well. Clients who have previously incorporated a Singapore company with international stakeholders and able to generate their governance documents. They are also then able to convert those documents into PDFs and send it out for signing to stakeholders who can be anywhere in the world. It can either be inserting their handwritten signature or typing their name, with a full audit trail of the user actions.
By having an e-signature service, it cuts the processing time from a few weeks to just a few hours (at times even only a few minutes) because you don’t have to waste any time on physically sending those documents all around the world via courier services etc.
After this process is done in a jiffy, Sleek will then digitally sign the document to make sure that signature process has been followed and can be audited. From there, it will be sealed to ensure the document’s integrity.
With Google Cloud Platform (GCP), Sleek relies on Cloud HSM that protects your cryptographic keys in a fully managed cloud-hosted hardware security module. Private keys that we use and create cannot be accessed by a third party or extracted from the Cloud HSM. This way, all the signed legal documents are secured.
In Singapore, e-signatures have been legally recognised since 2010. It was put into play by the Electronic Transactions Act, which gave businesses an option to use it while trading and have it be given the same weight as hand-written signatures.