A blockchain-based e-signature is considered more secure than a traditional e-signature platform like DocuSign because it uses cryptographic techniques to ensure the authenticity and integrity of the signed document.
One of the key features of a blockchain is its distributed ledger technology, which allows multiple copies of the same information to be stored across a network of computers. This makes it difficult for a single entity to alter or tamper with the data stored on the blockchain.
In the case of a blockchain-based e-signature, this means that once a document has been signed and recorded on the blockchain, it is very difficult for anyone to alter or forge the signature without being detected. This provides a higher level of security and trust compared to traditional e-signature platforms, which rely on centralized servers and are vulnerable to hacking and other forms of tampering.
Additionally, a blockchain-based e-signature can provide a verifiable and immutable record of the signing process, including the identity of the signatories and the specific terms and conditions agreed upon. This can be useful in cases where the authenticity of the signed document may be called into question, as it provides a clear audit trail that can be used to verify the document’s authenticity.