The paper argues that blockchain-based digital identity can address the core inefficiencies in identity verification processes rooted in a fragmented model. The paper argues that blockchain-based digital identity can address the core inefficiencies in identity verification processes rooted in a fragmented model. The blockchain model builds on the established ISO 17442 Legal Entity Identifier (LEI) standard and the verifiable LEI (vLEI), which provide a standardized way to prove an organization’s identity.