Japanese JV to Develop Electronic Signature Technology
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US-based electronic signature technology provider Cyber-SIGN Inc. Wednesday announced that its founding company, CADIX Inc., has joined with Fujitsu, Panasonic, Softbank, and Nikko Capital to create Cyber SIGN Japan.
The new joint venture aims to develop and market secure user authentication systems for e-commerce and Internet security based on CADIX's Cyber-SIGN technology, which converts handwritten signatures into electronic signatures, instantly analyzing signature data for secure user authentication.
New JV president Toshiaki Nagai also remains as president of CADIX Inc., which owns 55 percent of the new firm. Fujitsu, Panasonic (Matsushita Telecommunications), Softbank (through Communication Satellite Digital Broadcasting Service, a Softbank group), and venture capital group Nikko Capital each own over 10 percemt.
The Cyber-SIGN electronic signature technology utilizes electronic signature data which is input with a pen that senses timing changes in electromagnetic waves and input force as the handwritten signature is written. The signature is inked on a commercially available input device, allowing Netizens to use electronic signatures to authorize electronic documents.
The firm further claims that their technology learns the natural changes of a signature over time, and accommodates the usual slight variations in a handwritten signature.