Abstract: Development of mankind in the last centuries is characterized by rapid technological development and advancement that make possible and realistic the fairy tales’ mystic world of flying carpets, magic mirrors, moving pictures, mysterious powers and est.Digital technologies significantly improve the efficiency of economy through dramatically reduction of the cost of business relations and transactions.New technologies give additional opportunities tobusinesses to act more easily at global level and access the foreign markets. At the same time, electronic transactions have considerably expanded during the past decades.One of the important aspects that support the development of digital business operations, is the online verification of contracts or important documents necessary to prove the validity of online transactions.E-signatures represent modern means to accelerate online business processes and thus, make accounts receivable and accounts payable, as well as close deals faster by removing transaction barriers and invoicing issues. The paper analysis the benefits of e-signature and the impact is make on economic development on both national and global level. The paper discuses and the current legislative normative acts and juridical base which recognized Electronic signaturesand concludes that despite the certain difficulties in term of application of digital signature future global developments will evitable lead to the wider use of digital technologies and consequently broader application of digital signature.

Key words: digital signature, technology, global development