Global Legal Entity Identifier Foundation (GLEIF) Joins as Co-Contributor of Web of Trust Map

‍GLEIF has joined as a co-contributor for the Web of Trust Map

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The Web of Trust Map is a research initiative devised and developed by Key State Capital. The tool provides a comprehensive visualization of the rapidly expanding decentralized identity space, acting as a central hub of information and industry insights. 

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It has collected deep data on over 270 decentralized identity projects, 170 blockchains, over 3,000 people, 4,000 private entities, and 1,000 public entities. This open-source dataset maps industry connections (including funding and management relationships), technology stacks, and the protocols used by decentralized ID projects.  

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The map addresses the current lack of readily available information and understanding surrounding decentralized identity, serving as a valuable resource for academics, regulators, investors, and anyone seeking to understand the landscape. By laying the foundation for addressing interoperability challenges between wallets, trust domains, and issuers; the Web of Trust Map offers a tool for building secure user-centric identity systems.

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About GLEIF and our role in the Map

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The Global Legal Entity Identifier Foundation (GLEIF) is a supra-national, not-for-profit organization established by the Financial Stability Board in 2014. GLEIF is tasked with supporting the implementation and use of the Legal Entity Identifier (LEI) to create greater transparency in the global marketplace. The foundation manages the only open, non-proprietary legal entity identification system designed as a public good, enabling people and businesses to make smarter, less costly, and more reliable decisions about who to do business with. 

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“GLEIF’s role as a standard bearer in Decentralized Identity is unquestioned, and their support of the Web of Trust Map further emphasizes this point. We welcome GLEIF as a co-contributor, and look forward to the new possibilities that are possible through the usage of the vLEI as a root of trust in the growing Decentralized Identity ecosystem," said Nicholas Racz, Senior Partner at Key State Capital. 

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This collaborative effort enhances the Web of Trust Map's value as a navigational tool for the decentralized identity ecosystem. During the development of the map, GLEIF had the opportunity to provide feedback during the alpha phase and test the early version of the map. We at GLEIF, believe this comprehensive resource can offer researchers, investors, policymakers, and the general public deeper insights to inform decision-making and innovation in the space.

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About Key State Capital

Key State Capital, a venture capital syndicate, invests in responsibly developed digital identity technologies that are decentralized, resilient, privacy-preserving, and built with robust cryptographic security and user sovereignty.  In addition to digital ID, Key State Capital also invests in complementary technologies such as Zero Trust Protocols, cybersecurity, and secure communications. They work collaboratively with businesses and international organizations to advance and implement these solutions.

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