With the digitalization of entire sectors of the economy, certified timestamping has become increasingly important in commercial relations as it is one of the best ways to demonstrate that an action has been taken. This article will explore the many areas where electronic timestamping is useful for proof and traceability purposes.
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The practice of associating a date and time with an event, also called “timestamping”, has its roots in the need to produce evidence to assert a right during a dispute or litigation. But how do you verify the existence of electronic data? The digitalization of entire sectors of economic activity has led to the need for electronic timestamping. This article will review the ‘what’ and ‘how’ of electronic timestamping in the overall legal context.
Due diligence plays an important role not just in business but, as you will see, in the overall proper functioning of the economy. This article will take you on a brief tour of the different types of due diligence and in doing so, you will understand what it is and begin to see the outsize role this process has on our everyday lives.