You are using a SAP HANA database. You have created a SAP HANA model in SAP HANA.
If you also want virtual master data for the VirtualProvider, then you need to start by creating virtual master data. More information: Using Virtual Master Data
You can create a VirtualProvider based on a SAP HANA model if you want to use this model in the BW system. Analytic views and calculation views are available as SAP HANA models.
Unlike the TransientProvider based on a SAP HANA model, the VirtualProvider based on a SAP HANA model is suitable for stable, long-term scenarios.
This VirtualProvider can be used in a MultiProvider. In addition, navigation attributes can be used. To use navigation attributes, you can select InfoObjects with master data access Standard or SAP HANA Attribute View.
The authorization in this case is the intersection between the BW analysis authorizations and the authorizations that the database user (SAP<SAPSID>) has for the schema in the SAP HANA database.