Blockchain technology should be the backbone of an e-signature solution – Healthcare IT News

If your business’s legal health depends on signed agreements with clients – we’re looking at you, healthcare organizations, law firms, financial service providers – you know the federal E-Sign ACT gives electronically signed contracts the same legal status as those signed on paper. But what you might not know is that the law does not treat all electronic contracts equally. Understanding these distinctions should influence the e-signature app you choose.

Imagining the worst

Let’s play out the type of hypothetical that’s probably leading you to research electronic-signature solutions in the first place. Imagine your company finds itself in a legal dispute with a client (or patient) over the validity of a signed agreement. You will need to prove not only that you have the electronically signed document, but also that:

  • The electronic contract you’re presenting as evidence has remained in its original form, neither modified nor tampered with, from the moment it was signed;
  • Your signer intended to enter into the agreement and create a legal-binding signature;
  • You obtained the signer’s consent to use the electronic signature solution;
  • The signature is authentic, meaning it does in fact come from the signer.

If the e-signature solution you used to secure the signed agreement doesn’t allow you to meet any of these (or other) conditions, you might not be able to legally enforce the contract.

Not all technologies used to secure e-records are created equal

To satisfy the above elements of the E-Sign Act (signer’s affirmative consent, record integrity, etc.), and prevail in a legal dispute, you’ll need your e-signature app to offer advanced digital protection and anti-fraud measures, including:

  • Timestamp of the e-signature,
  • Geolocation coordinates – longitude and latitude – to match the timestamp,
  • IP address of the signer,
  • Signer’s unique device ID,
  • And a decentralized, redundant digital ledger to store all of this data, ensuring modification of the original record would be impossible to carry out undetected.

Taken together, these make up the unique characteristics of blockchain, which is why government agencies and corporations are increasingly turning to this technology to secure their most valuable and sensitive electronic data. Here are just a few examples.

Government agencies secure their data with blockchain

The National Institutes of Health issued a paper in 2020 recommending the use of blockchain to track and secure COVID-19 data, calling it trusted tracking system. The paper’s key statement:

“Blockchain’s decentralized platform is tamperproof due to its underlying cryptographic technology, which is used to authenticate participants in the network.”1

The Department of Defense awarded a cybersecurity contract to longtime military contractor SIMBA Chain in 2020 to secure sensitive research-and-development records. As the announcement explained:

“Using blockchain, the DOD aims to improve integration, security, auditability, and controlled access of this critical data.” 2

Corporations secure their data with blockchain

A report by Concord Law …….


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U.S. Courts India as Technology Partner to Counter China – The New York Times

Officials from the United States and India agreed on Tuesday to expand cooperation on advanced weaponry, supercomputing, semiconductors and other high-tech fields, as the Biden administration looks to strengthen its connections with Asian allies and offset China’s dominance of cutting-edge technologies.

The agreements followed two days of high-level meetings in Washington between government officials and executives from dozens of companies, the first under a new dialogue about critical and emerging technologies that President Biden and India’s prime minister, Narendra Modi, announced in Tokyo in May.

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US blocks export license renewals for China’s Huawei – The Associated Press – en Español

BEIJING (AP) — China’s government accused Washington on Tuesday of pursuing “technology hegemony,” as the United States has begun stepping up pressure on tech giant Huawei by blocking access to American suppliers.

The Biden administration has stopped approving renewal of licenses to some U.S. companies that have been selling essential components to the Chinese company, according to two people familiar with the matter. Neither was authorized to comment publicly on the sensitive matter and they spoke on the condition of anonymity.

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