Digitalization has become the pathway for the development in a growing economy. In the information explosion era, with the introduction of Cyber Law and Information Technology Act, B2B through e-commerce trade is increasing. The question is whether it is going to replace accountants or enhance their operations.

Banks are taking steps to address a major concern of businesses in Business-to-Business (B2B) e-trade. In the UK, an e-commerce protection scheme will use digital certificates or electronic identities unique to individual businesses that provide them with proof of identification. In many countries, there is considerable research work undertaken to put digital signatures on the same legal footing as handwritten signatures so that companies can begin to maximize the efficiency of online trading.

To identity the parties communicating online and being able to verify that identity independently, globally, an institution was established. The Identrus LLC was set up to provide identity trust to B2B Internet commerce. Many of the world's largest financial institutions are members of Identrus and they represent more than 133 countries and more than ten million business relationships.

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