Transparent authentication, high security – FPT.eContract is on the rise

The launch of the electronic contract authentication system by the Ministry of Industry and Trade creates an additional guarantee of the State agency for the signed documents; helping organizations, businesses and individuals have more bases and facilities to widely deploy the form of electronic and remote signing…
FPT IS cooperated with the Digital Economy Department of the Ministry of Industry and Trade and Dell Technologies to organize a Webinar “Authentication and protection of electronic contract data”, thereby confirming the legality, security and authenticity of the solution. FPT.eContract.

Electronic contract among Vietnam business context

E-contracts in Vietnam with the superiority of effective conclusion are not limited by space and time, the parties can complete the signing immediately, have been gradually applied by organizations and businesses. businesses and individuals across the country. Only on the FPT.eContract platform, from 2019 to now, there have been over 1.2 million transactions signed on the platform, connecting hundreds of thousands of users and businesses.

Survey from more than 400 guests attending the webinar organized by FPT Information System and Dell Technologies showed that 71% have known about electronic signing form, 55% are ready to apply this form of signing. next time. In addition, the top 3 issues that organizations and businesses still wonder about are the legality, security and ready combination of signing partners, respectively.

Electronic contract – enhanced authentication, data security

E-contracts already have sufficient legal grounds equivalent to paper contracts under the Law on Electronic Transactions No. 51/2005/QH11, Decree No. 52/2013/ND-CP on e-commerce, Decree No. 130 2018 on digital signatures and digital signature authentication services… And now, the launch of the electronic contract authentication system by the Ministry of Industry and Trade creates more assurance of the State agency for signed documents. ; helping organizations, businesses and individuals have more bases and facilities to widely deploy the form of electronic and remote signing.

The signing of the contract is not only guaranteed for integrity and non-repudiation of contract content with digital signatures, but also identified by the timestamp and digital signature of the Ministry of Industry and Trade so that relevant parties can look up the authenticity. the following document signed at any time.

At the seminar, Mr. Le Duc Anh, Director of the Center for Informatics and Digital Technology, Department of E-commerce and Digital Economy, Ministry of Industry and Trade said that the validity of an electronic contract is based on two conditions: The resolution is “Ability to verify the identity of the signer” and “Application of digital signatures and anti-forgery of contract content”. These are two indispensable conditions for an e-contract certifying organization to confirm and authenticate an e-contract. Compared with unauthenticated electronic contracts, those certified by CECA and the Ministry of Industry and Trade bring many benefits to businesses.

Mr. Nguyen Hoang Tung – Director of VVN AI & Trusting solution shared at the seminar the importance of centralized confirmation of electronic contracts. Facing difficulties when signing electronic contracts that many parties face such as standardization problems in cross-signing; centralized data processing, exchange and lookup issues; Regarding dispute resolution and data security, the Ministry of Industry and Trade has researched and developed CECA, thereby supporting businesses and individuals to apply electronic contracts according to legal and transparent standards.

From his role as a CeCA authentication service provider, FPT.eContract signing platform solution provider, Mr. Nguyen Ta Anh – Deputy Director of the Electronic Service Center shared that he understood the importance of the issue. electronic contract certification. All electronic contracts signed on FPT.eContract are ready to be authenticated with the electronic seal of the Ministry of Industry and Trade through CECA axis. FPT IS team is always ready to support and accompany businesses to support and help businesses in the authentication process.

Sharing at the seminar, Mr. Nguyen Duc Thuan – Director of Bach Khoa Digital Solution Company said: “Electronic contracts are an inevitable trend of society, bringing many benefits in terms of time, space and cost. Fees are not only for businesses but also convenient for suppliers and distributors in the transaction and signing process. After applying the FPT.eContract solution, we found that signing the contract became very quick and convenient.”

In addition, concerns related to data attacks and information security are what many businesses using e-contracts are always concerned about. Mr. Nguyen Si Nguyen – Solution consultant, Dell Technologies said that the damage of cyber attacks in 2021 is 6000 billion dollars and every 11 seconds, there is 1 cyber attack happening with the engines and methods. and different goals. Businesses not only need to focus on preventing the risk of intrusion, but also need to pay attention to the recovery process after the incident.

“The recovery process of businesses after being attacked is extremely important, so Dell Technologies has researched and introduced to many businesses the Cyber Recovery solution. It is a data protection solution that isolates business-critical data from attacks. Important data is immutably stored in a platform that allows recovery with data integrity with high security,” shared Nguyen Si Nguyen.

Recently, FPT IS and Dell Technologies held a Webinar “Authentication and protection of electronic contract data in Vietnam”. The event is part of the DX Quick-win Series Conference series conducted by FPT IS and its partners, focusing on bringing businesses and organizations a quick approach to digital transformation through e-contract solutions and solutions. Security in the digital age.

Source: vneconomy

Link: https://vneconomy.vn/xac-thuc-minh-bach-do-bao-mat-cao-cua-fpt-econtract-dang-tren-da-tang-truong.htm

Lê Thị Mai Phương