For Japanese companies to perform administrative work such as legal affairs in the office, and important documents such as contracts were also manag on paper. However, after the corona disaster since 2020, the movement to promote remote work even in the work of the administrative department has become more active than ever. An electronic contract is a contract method in which a contract is creat in electronic data such as PDF and exchang over the Internet. In an electronic contract, an “electronic signature” is us in place of the conventional signature and seal.
According to Article of the Electronic Signature
Act an electronic signature has the same legal effect as a seal, and a contract with an electronic signature has sufficient evidence. In addition, encryption technology call “public key cryptography” is us for electronic signatures to prevent Chad Email List falsification and spoofing of contracts by third parties. For this reason, even in the financial and insurance industries, where strict identity verification is perform, the switch to electronic contracts is progressing in recent years. 2. Reasons why electronic contracts are essential in the securities industry According to a survey by JIPDEC, 71.0% of companies in the financial industry use some form of electronic contract.
Why is the introduction
Of electronic contracts progressing mainly in the securities industry? The background to this is the arrival of a new normal era due to the corona crisis and the rise of online securities, which has increas the ne for non-face-to-face SG Phone List transactions. 2-1.It is necessary to respond to remote contracts due to the corona disaster Telework and remote work have spread rapidly as a result of the corona wreck. As a result, an increasing number of companies are promoting remote support even in contract work. According to a survey by JIPDEC, as of January 2020, the utilization rate of electronic contracts is abou progressing.
