Ministry of Digital Development, Innovations and Aerospace Industry (MDDIAI) and Kazakhstan Foreign Investors’ Council Association intend to launch a pilot project on the use of international digital signatures, QazMonitor reports citing the Association.
A Memorandum of Understanding was signed on September 28 this year as part of the Digital Bridge tech forum. The pilot project is a joint effort of the Parties and Project Participants aimed at the acceptance and recognition of documents signed using a mutually agreed standard to improve the efficiency of commercial transactions involving Kazakh and international companies.
MDDIAI minister Bagdat Mussin emphasized that this initiative is one of the factors for improving the investment image and opens up opportunities for companies operating in Kazakhstan to use internationally recognized technology for signing documents in electronic form.
“Digital signatures are widely used all over the world. Kazakhstan also has its own digital signature, which was developed in a timely manner and is now widely used," said Saken Zhumashev, Managing Partner of KPMG Caspian.
He continued: "But if we talk about the international community, it still uses simple digital signatures such as DocuSign and Adobe Sign. The use of the same solutions that simplify the mechanism of interactions would give a new impetus to increase investment attractiveness and reduce paperwork."