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| 12 Sep 2018 | |
| Written by Matt Rumsey | |
| Reports |
The Data Foundation and the Global Legal Entity Identifier Foundation (GLEIF) have teamed up to publish Envisioning Comprehensive Entity Identification for the U.S. Federal Government.
The report identifies 36 U.S. federal agencies are using up to 50 distinct, incompatible entity identification systems. Of these systems, many are proprietary, distinct, and incompatible with one another, raising costs and burden for federal agencies tracking non-federal entities in order to perform a regulatory, statistical, procurement, or assistance function.
The report proposes a universal identification system with the ability to keep pace with technological changes: the Legal Entity Identifier (LEI).
