Speakers at a program have expected that implementation of the Electronic Transaction Act 2063 would increase work efficiency, maximize the resources and minimize the working costs of the organizations.
Speaking at a program organized by the National Information and Technology Centre, on Thursday, Bal Krishna Prasai, Secretary at the Ministry of Environment, Science and Technology (MoEST) said organizations could be benefited in terms of resources and productivity if the act was implemented. He highlighted on the need for immediate and effective implementation of the Act.
"If we fail to implement electronic governance system, we will lag behind in the present world of technology," he added.
Highlighting the important provisions of the act, under secretary at MoEST Purusottam Ghimire said that the Act was not complete in itself, but needs certain ratification.
He also informed the Act gives legal recognition to the digital signature, institutionalize electronic transaction and keeps provisions of punishment system for cyber crime.
Likewise, Rakesh Kumar Shakya, re-engineering specialist (e-Governance) at Asian Development Bank opined that the most crucial issue for the implementation of the e-transaction was to maintain confidentiality, integrity, authenticity, which were the basics to maintain trust in the electronic world.