Hyderabad: The concept of digital handwritten signature is taking new shape among the IT companies in the e-commerce market though there are doubts still lingering regarding the security, authenticity and verification of identity.The Hyderabad-based Adeptek Software, a subsidiary of Adeptek Inc of the US, has introduced a new product called eSign using the science of biometrics using 41 factors involving the measurement of physical and behavioral characteristics unique to an individual and advanced cryptography.
Says Mr Prasad, managing director of Adeptek, the software used in eSign, a signature verification product, not only captures the physical attributes but also the dynamic and non-visual characteristics such as number of pen lifts, total time taken to complete the signature, strokes, pressure applied on the pen, etc.
Mr Prasad claims that Adeptek is the only company in India using biometrics and has offices in Chennai, Bangalore, Mumbai and Delhi. He says the biometric market size will cross $670 billion in the next five years.
Adeptek has received Rs 4.5 crore from angel investors for its expansion plans and the company is projecting a sales turnover of Rs 7 crore this year and has executed a pilot project for eSign with Dena Bank, Mr Prasad added.
Major clients for this product include Ford Motor Co, Dena Bank, National Insurance Corporation, Kirloskar Brothers, Lasersoft Inc and Gujarat Petro Chemicals.
This product is compatible with MS Word, Lotus Smartsuite, VB, VC++ and allows electronic records to be maintained and also the signature can be verified at any time.
eSign captures handwritten signatures using digital pen and pad and the data is stored in encrypted binary format. There is a built-in function to stamp the digital fingerprint.
Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.