Share this article
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.
Updated Sep 14, 2021, 12:10 p.m. Published Feb 11, 2021, 12:25 p.m.
Make us preferred on Google
Enterprise software provider R3 has launched a new computing platform called Conclave, which it says can handle sensitive business data while keeping it secret.
STORY CONTINUES BELOW
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.
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Lido’s new stVaults will let L2s create their own rules for Ethereum staking
stVaults let other teams plug into Lido’s staking system instead of building their own from scratch.
What to know:
- The Lido Labs Foundation unveiled stVaults on the Ethereum mainnet on Friday.
- In simple terms, stVaults let other teams plug into Lido’s staking system instead of building their own from scratch.
- stVaults are isolated staking environments that allow teams to run custom validator configurations and optionally mint stETH, while remaining connected to Lido’s liquidity and DeFi integrations.
Top Stories
