I thought I would mention a little about e-bonding today as I saw a presentation yesterday on this very topic.
I found the presentation good but for me it didn’t drill down into what digital bonding is or can be.
I did a little more research and I went to the source of information. The Surety Association of Canada.
The organization I am with does not currently do e-bonding (I sure would like to see it) but all in good time.
What many people get mixed up is the difference between a e-bond and a scanned paper with a signature.
A proper E-bond must meet the following three threshold criteria:
- Integrity of Content
The assurances that the document received is the true document executed and the content has not been changed or altered.
- Secure Access
Restricting the access to the document to those authorized to view and/or download it.
- Verifiability / Enforceability
Assurances that the document was duly executed by the parties identified and that it is enforceable in law.
Click on the definition to read more about e-bonding at the following link: