Instead of relying on centralized databases that can be hacked or altered, businesses hold their own Verifiable Credentials (VCs) and Decentralized Identifiers (DIDs), which can be shared instantly with any counterparty. The Verifiable Legal Entity Identifier (vLEI) enhances this by acting as a digitally verifiable passport for organizations, ensuring that their legal identity and official roles can be authenticated on-chain. Built on Self-Sovereign Identity (SSI) principles and VCs, the vLEI enables decentralized, tamper-proof, and universally trusted organizational identification.