{"id":5395,"date":"2015-05-15T07:00:37","date_gmt":"2015-05-15T15:00:37","guid":{"rendered":"http:\/\/formtek.com\/blog\/?p=5395"},"modified":"2015-04-10T16:23:38","modified_gmt":"2015-04-11T00:23:38","slug":"security-xdtm-standardizing-digital-transactions","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/security-xdtm-standardizing-digital-transactions\/","title":{"rendered":"Security: xDTM — Standardizing Digital Transactions"},"content":{"rendered":"

In 2000, the federal government decreed that\u00a0“A document or signature cannot be denied legal effect or enforceability solely because it is in electronic form” in the\u00a0Uniform Electronic Transactions Act<\/a>.<\/p>\n

Businesses are increasingly looking to digital transactions as a way to speed up their processes. \u00a0Digital processes have the advantages of being more accurate, more secure and more auditable than manual paper-based processes. \u00a0But there still is a lack of standardization around how digital processing can be enabled. \u00a0A new standard called xDTM <\/a>is being developed to create a consistent approach for handling digital transactions.<\/p>\n

Arden Bement<\/a>, former director of both the National Institute of Standards and Technology and the National Science Foundation, said that<\/a>\u00a0“standards help drive consistent, predictable, and trustworthy interactions between parties. \u00a0The xDTM Standard<\/a> defines the methods, procedures, and requirements for safe and secure digital transactions as more and more companies and individuals make the transition to fully digital interactions in the cloud.”<\/p>\n

The xDTM standard addresses eight specific areas<\/a>:<\/p>\n