What does split-signing refer to in the transaction process?

Split-signing refers to a process in transactions where multiple signers do not have to be in the same physical location. This enables a more flexible and efficient approach to transaction signing by allowing participants to sign documents from different places, which can be particularly useful in instances where signers are dispersed geographically. This method enhances convenience and accessibility while still maintaining the necessary security and legitimacy required in the transaction process.

In contrast to the idea of being in the same location, split-signing accommodates various stakeholders and their respective schedules, which is increasingly important in today's remote and digital work environment. This capability allows organizations to streamline their transaction processes and ensures that critical documents can be signed promptly, regardless of the signers' locations.