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Electronic
versions of legal contracts make the contract management problem
much less severe. However, when contracts move to an electronic
format, the challenge of contract integrity and security becomes
more challenging. The Kyberpass TrustPlatform works with many document
management programs (Documentum, Open Text, Hummingbird, Prodiance)
and provides a high-trust component for securing important legal
agreements.
The
Kyberpass TrustPlatform provides for several value-added features
to contract management:
- Data Integrity - contracts are encrypted and digitally signed
before transmission and are tamper proof.
- Version Assurance - a hash of each contract is generated during
the signing process. Any, even minute, changes to an agreement
will yield a different hash value.
- Audit - as contracts are signed and sent, a permanent log of
the transaction is recoded on the server.
- User Signing Authority - before a user signs a contract his
status is checked to be that user is authorized to sign the agreement.
- Non-Repudiation - once the user is verified and signs the contract,
the system logs the event and time stamps the transaction. Since
only the user has their private signing key, the event can not
be repudiated.
- Signing History - many agreements require multiple signatures.
Kyberpass provides a service on the Kyberpass TrustPlatform called
the DSAR, digital signature authentication record. The DSAR Service
records the signing history and the digital signature validations
for every step of the signing process.
With the Kyberpass TrustPlatform
electronic contracts can have the same legal status as hard copy
paper-based ones.
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