Prospects for electronic trading and the use of digital signatures

Specialists in the field of procurement and tenders know what tough difficulties can arise when bidding, auctions and tenders according to a standard scheme - a huge waste of time, rental of premises, approval and indirect losses, including financial resources, the human factor. Conducting electronic trading definitely has its advantages and huge potential in the future. To implement them, you need a technical specialist, special software, installation of an EDS (digital signature) and a notification of the action in the electronic media. That is, with minimal and one-time investments, you can conduct a tender, regardless of the geographic location and the human factor.
Advantages of electronic trading over traditional ones:
• The shortest deadlines.
• Significant savings in organization and logistics costs.
• Complete transparency and openness.
• Equal rights among organizations carrying out work and providing services - low level of information leakage and the possibility of corruption.
• The most fair competition among the participants, lack of information about the parties.
• Participation of the parties from anywhere in the world is important.
• The highest level of safety and security, EDS for trading is one of the most innovative ways to protect information.
• Accessibility for any business, including small, the ability to "break through" in any area of ​​activity.
An electronic digital signature is used in any remote bidding to match information, electronic documents, or the immutability of commercial information. It does not matter what it is about - the supply of goods, the provision of services or intellectual property. Being sealed by {EDS}, any proposal acquires legal significance and its failure to comply entails liability, up to criminal. Any customer who violates the rules risks their reputation, as there is a system of reviews and ratings for bidding.
On the other hand, any offer in the system is processed in such a way that obligations to conclude a contract with suppliers that offer more favorable or interesting conditions are possible. Thus, we get a flexible mechanism that takes into account the needs of both parties. If we add to this the benefits of conducting and the fact that it is relatively easy to obtain an EDS, then we can conclude that electronic trading will become more and more popular and occupy an increasingly pronounced segment on the market.
The highest security is ensured by the procedure for providing EDS itself - the private key of the sending party is used for the request, and the public key of the receiving party is used for encryption. Accordingly, the procedure is repeated the other way around - this excludes force majeure or the presence of a third party on the channel.