Enterprise software program supplier R3 has launched a brand new computing platform referred to as Conclave, which it says can deal with delicate enterprise knowledge whereas conserving it secret.
In accordance with a Thursday announcement, the Conclave platform will mix confidential computing with Intel Software program Guard Extensions, which assist defend knowledge from modification. It additionally supplies an API that enables purchasers to put in writing purposes on any working system and code of their language of selection.
“[Conclave] paves the best way for a brand new technology of trusted providers that may detect fraud, cut back price, construct high-value multi-party analytics and extra the place the house owners of the info management how it’s processed,” R3 mentioned.
As examples, R3 defined Conclave may very well be used for conditions akin to when a financial institution operates an digital market however needs to guarantee its clients that it doesn’t see their knowledge, or an insurer that should share details about fraudulent claims with out breaching confidentiality guidelines.
“Proprietary knowledge – if shared and pooled successfully – holds the important thing to higher analytics, perception and business alternative. But, many companies resist sending it due to an inherent distrust in how it will likely be used,” mentioned R3 CEO David Rutter.
Conclave is at present appropriate with R3’s blockchain platform Corda Enterprise, and can see a full integration quickly. It’s not clear from the announcement if Conclave is constructed with blockchain. CoinDesk has reached out to verify.