26 Solving organizational identity with vLEIs

 

Stephan Wolf, Karla McKenna and Christoph Schneider

    26.1 Introduction

    From banking to production to supply chain management, industries across the public sector are adjusting to the digitization of processes and transactions. Start-up firms and new technologies are challenging traditional business models to move more quickly, embrace change, and think beyond the conventional product development cycles. Organizations have the opportunity to embrace new solutions by enriching existing solutions/processes and improving their approach to managing data and interacting with suppliers and customers.

    There is a fundamental principle that often hinders development: trust. How can an organization, for example, trust that a supplier located hundreds of kilometers away is who they say they are? Or as a person, how can I verify that the organization receiving my personal data is indeed who I believe them to be? From this perspective, the process of establishing a stakeholder’s legal identity digitally has become a foundational requirement; it enables the determination of ‘who’s who’ within a digital community. As more processes and interactions become digital, stakeholders must work harder than ever to mitigate doubt.

    26.2 Establishing trust and interoperability with digital identity management

    26.3 Improving Digital Certificates with the LEI

    26.3.1 Background

    26.3.2 How the LEI improves digital certificates

    26.4 Verifiable credentials as an emerging opportunity for the LEI

    26.4.1 Verifiable credentials for LEIs—introducing the “vLEI”

    26.4.2 GLEIF Proof-of-Concepts for vLEIs and OORs

    26.5 GLEIF LEI Digital Strategy

    26.5.1 vLEIs as a global solution for organizational identity management

    26.5.2 Implementing the Infrastructure for vLEIs

    References