How can the LEI and the vLEI solve identity and authentication challenges?
Using the LEI in the vLEI ensures secure, verifiable organizational identity, crucial for various business interactions. This combats issues like fraud and impersonation. The LEI is a unique, international identifier beneficial for digital transformation, locally and globally. The vLEI makes this identity cheaper and more certain, using advanced cryptographic verification to reduce risks. It enables entities globally to use LEI’s definite identification for various digital business activities.1
- https://www.gleif.org/vlei/introducing-the-verifiable-lei-vlei/2023-08-30_vlei-q-a-updated_v1.2_final.pdf ↩︎