Example Concept: In a multicloud environment, using a centralized secret management solution like HashiCorp Vault or AWS Secrets Manager allows for consistent management of secrets across different cloud platforms. These tools provide features such as automated secret rotation, fine-grained access control, and audit logging, which are crucial for maintaining security and compliance. By integrating these tools with your cloud services, you can ensure that secrets are encrypted at rest and in transit, and access is restricted based on the principle of least privilege.