Global enterprise software firm R3 has launched Conclave, a confidential computing platform that secures sensitive business data while it’s being used.
Conclave allows firms to securely aggregate their datasets to solve shared business problems for their customers and across markets, without revealing the actual data to anyone. It paves the way for a new generation of trusted services that can detect fraud, reduce cost, build high-value multi-party analytics and more—where the owners of the data control how it is processed.
Conclave solves critical business challenges where data needs to be shared, but without any one person or firm seeing another’s information. For example, a bank that 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. Traditionally, data is only encrypted at rest and in transit, but Conclave also protects it while it is being processed.
The Conclave platform, which harnesses the combined power of confidential computing with Intel® Software Guard Extensions (Intel® SGX), was built to be developer and business friendly. It has high-level, intuitive API allowing users to easily write applications on any operating system, as well as code in their language of choice.
