E-Commerce Times Talkback
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The U.S. Federal Trade Commission (FTC) and the Department of Commerce released a report
Wednesday recommending that Congress take no action to amend the digital signature law,
also known as the Electronic Signature in Global & National Commerce Act (ESIGN), which
was signed by President Bill Clinton a year ago.
"It is reasonable to conclude that, thus far, the benefits of the consumer
consent provision of ESIGN outweigh the burdens of its implementation on
electronic commerce, and that the provision appears to be working
satisfactorily at this stage of the Act's implementation," the agencies'
Air Cargo, the world's most critical transportation event has been slow to adopt electronic, legally binding signatures on the internet to execute contracts. The Air Transportation industry is however very well aware that giant shippers like GE are going digital. In order to participate in the global trade process, carriers, shippers, forwarders, brokers and support industries (insurance, trucking, warehousing, banks) must initiate evolutionary changes to the way they do business or be left behind. The Internet is all about communication and relying on the phone/fax to conduct trade will condem the unbelievers to a bleak and costly future of "doing business the old way".