MiFirma’s web page had an investment of US$300,000

For the former president of the Chamber of Commerce of Santo Domingo, Manuel Luna, this application will impact 10,000 users in 2023.

The online signing of a contract is a way to speed up business transactions. This is one of the objectives of the Chamber of Commerce of Santo Domingo (CCSD) so that Dominican companies find in technology an ally for their operations.

The former president of the CCSD, Manuel Luna, said that this technological innovation proposal had an investment of US$300,000.

“From the entity we want to provide the business sector with the streamlining of bureaucratic processes in the sale of their goods and services to their customers and reach the international public,” he told elDinero.

As of the end of April of this year, this platform has registered 2,500 users, but the executive estimates that by the end of 2023 it will have 10,000 people registered.

Luna points out that the “possible universe” of Internet users of the digital signature is 200,000 users. “Mifirma is defined as a web application to sign and manage processes and documents online from anywhere, in a simple, agile and secure way.

However, cybercrime is an issue that is becoming more relevant in companies because, as technology advances, so do the techniques used by cybercriminals.

Multinational companies claim that the Dominican Republic will receive 5,000,000 cyber-attacks in 2022. Faced with this, the executive assures that the documents contain an encryption backup so that cybercriminals avoid stealing personal data.

“Dominican and foreign users can rest assured. It is less easy to make a digital fraud than in any physical transaction, since it has more vulnerability to theft of personal data,” considers Luna.Manuel Luna CCSD

Market

Informality is a challenge for the Dominican Republic. This is evidenced by data from the Dominican Central Bank (BC).

The Dominican Republic has 2,287,271 informal jobs, that is, jobs that lack regulation and social security. This is equivalent to 50.3% of the 4,540,968 economically active population registered until December 2022.

The remaining 49.7% is made up of 2,253,697 formal jobs.

In view of this labor panorama, Luna assures that the owners of an unregulated business “must understand that doing business is easier if it is formalized, because it allows greater sales and to reach a wider public”.

The Ministry of Industry, Commerce and Mipymes (MICM) registers 1.5 million micro, small and medium-sized companies, which represent 98% of the Dominican productive system.

These companies generate more than 2 million jobs in the Dominican economy, which is why Luna affirms that technological innovation seeks to facilitate doing business with MSMEs in the National District.

This system is based on the fact that each transaction has a cost of US$1, or RD$55, making it a way “to reduce the cost of printing contracts”.

Sustainability

The Sustainable Development Goals (SDGs) establish that companies, organizations and countries must transform their actions to mitigate the effects of climate change and provide a better future for societies.

“The signature makes it possible to reduce the environmental impact of printing contracts, the user who is abroad or outside the National District can acquire goods and services, reduces the cost of materials and allows companies to internationalize their business,” detailed Luna.

In addition, he added that from the Chamber of Commerce they are carrying out a process of awareness in the Dominican population to do business in a sustainable and agile way.

Source: Eldinero.com.do

Learn More: ECONOMY

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