Summary
Blockchain-enabled digital identity and automated processes that support compliance can transform identity verification processes in global financial services. This report explains how integrating GLEIF’s verifiable Legal Entity Identifier (vLEI) standard and Chainlink’s institutional-grade infrastructure can significantly enhance financial services.
Key Takeaways
Verifiable onchain identity is essential to the future of global financial services as the adoption of digital assets continues to grow.
Blockchain-enabled digital identity reduces inefficiencies in compliance processes while enhancing privacy and security.
GLEIF and Chainlink’s standards support secure, privacy-preserving, and highly efficient onchain systems that interoperate across various blockchains and legacy systems.
