Panama Will Implement Digital Signature

The project is currently in the analysis phase, but it is expected to be operating within the first 100 days of the current administration.

Tuesday, August 25, 2009

Roberto Henríquez, Commerce and Industry Minister, said that implementing digital signatures will simplify administrative procedures, for benefit of the country's economy.

Newspaper Panamá América published further comments by the minister: "The procedures for adopting digital signatures will be overseen by a commission composed by the government and the private sector".

More on this topic

Delay in Electronic Signature in Panama

August 2012

The use of digital signatures scheduled to begin this year is several months late and will not be implemented until February 2014.

Several factors are responsible for the delay, among which is the delay in the tendering act which had to be performed twice, said Hernando Carrasquilla, director of Public Registry. The company awarded the tender was the Spanish consortium Indra Sistemas.

Costa Rica: Use of digital signature starts in March 2009

December 2008

It is expected that public and private banks will start to distribute the first digital certificates in March 2009.

These certificates are a part of the digital signing process which includes the creation of a complex system in which digital signatures will have the same validity as physical signature.

Digital signature in Costa Rica faces uphill struggle

January 2009

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."

Opportunities in the Market for Digital Signatures

September 2011

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.

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