R3 launches ‘Conclave’ to secure sensitive business data

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

The said platform 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. It solves critical business challenges where data needs to be shared, but without any one person or firm seeing another’s information.