Frequently Asked Questions
How does vLEI contribute to operational efficiency and trustworthiness?
By streamlining the verification process and ensuring accurate authentication, vLEI enhances operational efficiency, compliance, and trustworthiness for organizations and institutions.
What distinguishes vLEI from traditional digital identity solutions?
vLEI offers a standardized, globally recognized identifier backed by LEI, combining identification and authentication, enhancing trust, efficiency, and security in digital transactions.
What credentials can organizations obtain through vLEI?
Organizations can obtain vLEI credentials for their representatives in Official Organizational Roles (OOR) or Engagement Context Roles (ECR), providing versatile authentication.
How can organizations get started with vLEI?
Organizations can engage with candidate Qualified vLEI Issuers (QVIs) like Global vLEI, leveraging our expertise and reputation in issuing verifiable legal entity identifiers.
What is the future outlook for digital identity with vLEI?
With positive reception from institutions like the European Banking Authority and strong support from GLEIF, vLEI is expected to gain momentum and widespread adoption.
What are the use cases of vLEI?
vLEI has applications in verifiable corporate documentation, digital finance, trade finance, supply chain management, and any scenario requiring secure and verified organizational identity.
How does vLEI contribute to global relevance and interoperability?
vLEI’s adoption as a standard for legal entity identification positions it for global recognition, ensuring digital credential reuse for international initiatives.
How does vLEI ensure scalability and future-proof nature?
Designed to scale and adapt to future standards, vLEI leverages the KERI protocol for enhanced key management and security, backed by GLEIF’s expertise.