Enterprise software provider R3 has launched a new computing platform called Conclave which it says can handle sensitive business data while keeping it secret.

According to a Thursday announcement, the Conclave platform will combine confidential computing with Intel Software Guard Extensions, which help protect data from modification. It also provides an API that allows clients to write applications on any operating system and code in their language of choice.

As examples, R3 explained Conclave could be used for situations such as when a bank operates an electronic market but wants to assure its customers that it does not see their data; or an insurer that needs to share information about fraudulent claims without breaching confidentiality rules. 

“Proprietary data – if shared and pooled effectively – holds the key to greater analytics, insight, and commercial opportunity. Yet, many firms resist sending it because of an inherent mistrust in how it will be used,” said R3 CEO David Rutter. 


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Enterprise Blockchain Firm R3 Launches Confidential Business Computing Platform

by Mario Herndon
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