DUBAI: ZorroSign Inc., pioneers in electronic signature technology and patented detection system based on Blockchain technology, today announced revolutionary advancements in its security and identity. With new advancements, the access system now does not require any password, which gives users a unique ability and freedom to access multi-factor authentication without the hassle of complex or vulnerable access that can be attached by hackers.
Company’s Digital Transaction Management (DTM) streamlines end-to-end digital transactions with its bank-grade security and by using its core technology including real eSignature, electronic document security, enterprise-grade workflows, intelligent forms, document management system, and intelligent forms that use Machine Learning and Artificial Intelligence.
Mr. Shamsh Hadi, Chief Executive Officer at ZorroSign, said: “For ZorroSign, trust is everything. Security and privacy are the cornerstones of everything we do. We are the first to provide our customers with the option to utilize the most advanced security and privacy protocols, which is now a focus area of our competitive landscape. This reinforces our commitment to providing the most advanced, secure, accessible, privacy focused, electronic and digital signature platform while maintaining our own digital certificates placed on the blockchain.”
Earlier this year, ZorroSign enabled the One Time Password (OTP) for basic two-factor authentication. The Identity as a Service (IDaaS) feature was rolled out as an additional security protocol. Corporates in UAE are now able to utilize a premium service that will allow Knowledge Based Authentication (KBA) for validation. In addition, users can now use advanced secure mobile biometrics to sign documents.
Online users are currently using a login and password as means for authenticating. This protocol often leads people to use passwords that are simple. In addition, when passwords get complicated, users tend to forget them. As a result, people use the same password or copy and paste passwords. This leads to high-risk security vulnerabilities. Therefore, passwordless environments provide total security without users having to remember complex passwords.
In first quarter of 2020, ZorroSign’s Chief Technology Officer, Priyal Walpita, is focused on Identity as a Service (IDaaS) and working to release really exciting technologies specifically in the space of Artificial Intelligence (AI) and Machine Learning (ML). One of these include the ability to use ML in areas like identification, facial recognition and to recognize a true signature. Further, ZorroSign is working on partnerships that will permit users to use a technology product to sign and compare current signatures to previous signatures.
ZorroSign users can use the passwordless high-tech and the most secure QR code on the login screen. Once the QR code is scanned the mobile device will prompt for biometric verification. If the device doesn’t have biometric capability the user will receive a pin code via email or text. Users will have the option to turn on the passwordless feature using the ZorroSign mobile app.
ZorroSign advanced Digital Business Platform uses Digital Transaction Management (DTM) principals to streamline end-to-end digital transactions. Company’s patented Electronic Signature technology is not just an image of a signature super-imposed on a document capturing only the “intent to sign.” ZorroSign users actually electronically or digitally sign a document.
Today marks the next step into the future for ZorroSign. Leading into the first half of 2020, ZorroSign will release a digital signature solution recognized by all global Certifying Authorities (CAs), which will use a cryptographic technique that helps secure the signed document and the data that is associated it. The principle of a digital signature is that of a validation, like notaries in the past. Digital signature is the online equivalent of a notary that can be verified electronically and instantly. ZorroSign’s impending digital signature solution will include digital security certificates that never expire. PR
