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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This is a ritual about as old as letterhead and it is why people who care about Rules have a special set of Rules which make lying on letterhead a much, much worse offense than lying.
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Replying to @patio11
Would using one’s personal seal be similar in Japan?
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Replying to @base10
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.
6:12 PM - 9 May 2018
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