On Monday, June 19, 2023, XL Axiata Business Solutions officially presented BIZ VIDA, a solution incorporating access to authorized digital signatures for business purposes by VIDA Digital Identity. BIZ VIDA is the first digital signature solution provided by a telecommunication provider in Indonesia, and it offers several compelling benefits for businesses
Increased operational efficiency: BIZ VIDA eliminates the need for physical documents, saving businesses time and cost. A study by Forrester Research revealed that businesses adopting blockchain-based digital signatures can reduce transaction times from weeks to just minutes and increase efficiency in the document signing process.
Enhanced security: BIZ VIDA employs state-of-the-art encryption technology, safeguarding the integrity of your documents and creating a robust defense line against potential fraud and tampering. In a world where cyber threats are on the rise, increasing by 150% in 2022, according to Cybersecurity Ventures. BIZ VIDA provides a critical layer of security to your document.
Regulatory compliance: BIZ VIDA fully complies with Indonesian regulations, ensuring that your business remains on the right side of the law. This is important, as non-compliance can lead to hefty fines.
At VIDA Digital Identity, we are committed to technological innovation, always looking for opportunities to offer our esteemed partners and customers transformative solutions. Today, we are thrilled to announce an exciting new chapter in our journey – a strategic partnership with XL Axiata Business Solution, a distinguished Information and Communication Technology (ICT) solutions provider in Indonesia. We are uniting our strengths to bring you an innovative blockchain-based digital signature solution designed to enhance operational efficiency and fortify security protocols significantly.
Shaping the Future of Digital Transformation
The partnership between VIDA Digital Identity and XL Axiata Business Solution is a groundbreaking step towards driving digital transformation in Indonesia. With the introduction of BIZ VIDA, we are confident that your business will experience a remarkable boost in operational efficiency, heightened security, and adherence to regulatory requirements, enabling you to establish a strong presence in the rapidly evolving digital economy.
Why Embrace Digital Signatures?
Digital signatures offer a multitude of benefits for businesses, including:
Increased operational efficiency: Digital signatures can drastically reduce transaction times, transforming weeks-long processes into minutes. This can lead to substantial savings of approximately $20 per document in printing and administrative costs. By eliminating the need for physical paperwork, digital signatures save businesses valuable time and resources and help to minimize their environmental impact.
Enhanced security: Digital signatures employ advanced encryption technology, safeguarding the integrity of your documents and creating a robust defense line against potential fraud and tampering. In a world where cyber threats are rising (increasing by 600% during the pandemic, according to PurpleSec, digital signatures provide critical security to your transactions.
Regulatory compliance: Our digital signature solution fully complies with Indonesian regulations, ensuring that your business remains on the right side of the law. This is important, as non-compliance can lead to hefty fines.
Join us on this transformative journey toward digital empowerment. To learn more about BIZ VIDA and how it can revolutionize your business operations, delve deeper into our website or connect with our dedicated team. Together, let’s shape the future of digital identity and digital signatures!
About XL Axiata Business Solution
XL Axiata Business Solution is a leading provider of ICT solutions in Indonesia with a long history of delivering cutting-edge solutions to their customers. Their team of seasoned experts has a deep understanding of the unique nuances of the Indonesian market, and they are unwaveringly dedicated to helping businesses flourish in the digital era. This ethos resonates with our own at VIDA Digital Identity, making our collaboration all the more impactful.