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Enterprise Blockchain Firm R3 Launches Confidential Business Computing Platform
Conclave is compatible with R3’s blockchain platform Corda Enterprise and will be fully integrated going forward.
Enterprise software provider R3 has launched a new computing platform called Conclave, which it says can handle sensitive business data while keeping it secret.
A História Continua abaixo
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.
"[Conclave] 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," R3 said.
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.
Read more: IBM-R3 Pact Shows Tech Trumps Tribe in Enterprise Blockchain
“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.
Conclave is currently compatible with R3’s blockchain platform Corda Enterprise, and will see a full integration soon. It's not clear from the announcement if Conclave is built with blockchain. CoinDesk has reached out to confirm.
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
