The optimistic view of this is that it is a solemnization mechanism not a security mechanism. It’s a ritual that says, to all present, “We need to know you are invoking the company’s authority. Are you unambiguously invoking the company’s authority?”https://twitter.com/rrhoover/status/994271254562537473 …
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Would using one’s personal seal be similar in Japan?
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That's complicated; seals are, similar to signatures, solemnization, pointers to verified identity records (and in a large transaction you'll be asked to produce government-issued proof that the seal is your registered seal), and also presumptive-proof-of-authority-to-bind.
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Exactly... It doesn't prevent impersonation. It prevents a situation where it's known you said something but your excuse is that you didn't really mean it.
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"Do you most solemnly declare, sire?!" "I DO declare, good sir!" "Do you swear on the Company?" "Why, I DO swear on the Company!" "Oh, very well then!"
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Also, it says that the speaker, in speaking, unambiguously KNOWS that they're claiming to invoke the company's authority, and, if they were legitimately an agent of the company at the time with signing authority, nobody can weasel out of it later by claiming they went renegade.
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Related: GDPR requires we delete personal data and store a record that we did, but we can’t because we’d need to keep some personal data and copy of ID around ¯\_(ツ)_/¯
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