Software firm R3 launches confidential computing platform for data security benefit

Teddy Cambosa - February 12, 2021

Bangkok, Thailand – Global enterprise software firm R3 has launched Conclave, a confidential computing platform that secures sensitive business data while being used. 

The platform 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.

Furthermore, the platform is built to be developer- and business-friendly. It has a high-level, intuitive API allowing users to easily write applications on any operating system, as well as code in their language of choice.

For David E. Rutter, CEO at R3, the recently-developed platform responds to a greater need in protecting proprietary data, which is key for a greater commercial opportunity, yet seldomly sent out due to issues of privacy and mistrust.

“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,” Rutter stated.

Conclave is powered by Intel® Software Guard Extensions (Intel® SGX), to which Anand Pashupathy, general manager of security system software at Intel, said will “help improve the privacy and integrity of data and algorithms in multiparty systems.”

“The developer-friendly capabilities delivered in R3’s Conclave can help expand the use of Intel SGX for enterprise applications,” he added.

Conclave is currently available as a stand-alone platform and is compatible with R3’s flagship blockchain platform Corda Enterprise. Full integration between Corda Enterprise and Conclave is forthcoming.