R3 launches confidential computing platform ‘Conclave’

R3

Global enterprise software firm R3 has launched Conclave, a confidential computing platform that secures sensitive business data while it’s being used.

Conclave helps firms to securely aggregate their datasets in a bid to solve shared business problems for their customers and across markets, without sharing the actual data to anyone.

According to the official communique, it can detect fraud, reduce cost, build high-value multi-party analytics and more—where the owners of the data control how it is processed.

 David E. Rutter, CEO at R3, said: “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. R3’s Conclave is uniquely designed to solve this problem of trust through the promise of technologies such as confidential computing and Intel SGX. Conclave offers best-in-class technology, backed by the rich experience of our developers and business team, to empower customers to bring about a new era of privacy in data sharing, processing and analysis.”

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Ralf Helkenberg, Research Manager, European Privacy and Data Security at IDC said:“ Businesses today are walking a tightrope between data protection regulation and achieving data-driven business outcomes. Leveraging Intel’s hardware-based Confidential Computing technology, R3’s privacy-centric Conclave platform enables business to accelerate collaboration and innovation with sensitive data in a secure, trustworthy and compliant manner.”

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