The entity-initiated problem

Part 8 in a series on the fundamentals of legal entity identity data. The entity-initiated model is not a flaw of the LEI; it is the coverage model that made the LEI workable in the contexts it was designed for. But the same model imposes a per-entity cost of discovery, explanation, and registration – a cost that behaves very differently once you step outside the regulatory perimeter. In voluntary, market-driven contexts, where the number of entities needing identification runs into the…