verifiable legal entity identifier

Definition

vLEIs are digital verifiable credentials issued by (delegates) of GLEIF to prove that information about a legel entity is verifiably authentic.

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Explanation

The v in vLEI stands for “verifiable”, but what does that mean? The term verifiable in this case comes from the term “Verifiable Credential”. A verifiable credential is just a collection of information with a mechanism that allows a computer to verify that the information has not been modified and that the information was originally stated to be correct by some third party (maybe a bank, or the driving license authority). Often (almost always really) the information will include a link to the entity the information is about.

More information

Here at Rapidlei.