Digital signature, one of the important components of

Solution

Digital signature is defined according to Section 2(1)(p) of the Information Technology Act, 2000. Section 2(1)(p) of the IT Act defines a digital signature as "authentication of any electronic record by a subscriber by means of an electronic method or procedure in accordance with the provisions of section 3." Digital signatures play a crucial role in e-commerce and online transactions as they provide security and authenticity to electronic records and help in verifying the identity of the sender or signatory.