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LEI Foundation Pilots Blockchain-Based Credentials Solution

LEI Foundation Pilots Blockchain-Based Credentials Solution –

The Global Legal Entity Identifier Foundation (GLEIF) and Evernym, a portable credential technology firm, have partnered to pilot a blockchain-based solution that allows companies to create and maintain digital wallets. These wallets store credentials that confirm the identity of a company and its employees, and can be used by financial firms to validate digital business transactions and perform activities like client onboarding and submitting regulatory filings.