whats is eIDAS electronic signature?
eIDAS on Wikipedia: en.wikipedia.org/wiki/EIDAS
eIDAS (electronic IDentification, Authentication and trust Services) is an EU regulation on electronic identification and trust services for electronic transactions in the European Single Market. It was established in EU Regulation 910/2014 of 23 July 2014 on electronic identification and repeals 1999/93/EC from 13 December 1999.
It entered into force on 17 September 2014 and applies from 1 July 2016 except for certain articles, which are listed in its Article 52. All organizations delivering public digital services in an EU member state must recognize electronic identification from all EU member states from September 29, 2018.
eIDAS oversees electronic identification and trust services for electronic transactions in the European Union's internal market. It regulates electronic signatures, electronic transactions, involved bodies, and their embedding processes to provide a safe way for users to conduct business online like electronic funds transfer or transactions with public services. Both the signatory and the recipient can have more convenience and security. Instead of relying on traditional methods, such as mail or facsimile, or appearing in person to submit paper-based documents, they may now perform transactions across borders, like "1-Click" technology.
eIDAS has created standards for which electronic signatures, qualified digital certificates, electronic seals, timestamps, and other proof for authentication mechanisms enable electronic transactions, with the same legal standing as transactions that are performed on paper.
The regulation came into effect in July 2015, as a means to facilitate secure and seamless electronic transactions within the European Union. Member states are required to recognize electronic signatures that meet the standards of eIDAS.
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