The recognition of digital signatures grants security to electronic transactions, fostering digital commerce.
"This project is lead by the Directorate of Digital Signature Certification Companies and the Ministry of Science and Technology (MICIT). It has the support of entities like the Supreme Court of Elections (TSE), the National Registry, the Judiciary and other entities", reported Prensalibre.co.cr.
Costa Rica's government has launched the use of digital signatures, but warns that the growth of its use will depend on its incorporation by the private sector.
The digital signature binds the identity of a person or team with a message or electronic document, to ensure authorship and integrity. The recognition of digital signatures provides security for electronic transactions, promoting e-commerce.
The implementation process for digital signatures still has a long path of activities and processes to complete.
The article by Carlos Cordero Pérez on the financierocr.com points to multiple steps to complete and obstacles to remove, including "the purchase of smart card with the digital signature", "authorization of bank branches to distribute them."
The Guatemalan Chamber of Commerce is the first entity to become a Registration Authority for the issuance of electronic signatures in the country and Central America.
A press release from the Ministry of Economy of Guatemala states:
Guatemala, January 9th , 2012. Today at a press conference, Finance Minister Luis Velásquez alongside authorities from the Certification Service Providers Registry, RPCS - Guatemalan Chamber of Commerce -GCC-and the Inter-American Development Bank, BID introduced the GCC as the first certification services provider, an entity that as of February this year will implement Electronic Signature use.
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