Blockchain is not a new concept, although for the most part its use is mostly understood as it relates to cryptocurrency. However, it isn’t limited to Bitcoin and its ilk. Its uses vary and its unique design can benefit most industries. Thanks to R3, an enterprise software provider, blockchain technology is now available to better protect and store enterprise business information.
Blockchain is a secure way of storing data, where all the information is warehoused in a single secure cloud, eliminating the need for multiple programs. In regards to cryptocurrency, that means that all information about who holds the money is all stored in a single place, whose data is accessible to anyone regardless of their location. It’s accessible but not changeable – anyone with permissions can see the data, but the blockchain maintains that data without allowing it to be tampered with.
“Proprietary data – if shared and pooled effectively – holds the key to greater analytics, insight and commercial opportunity,” said R3 CEO David Rutter. “Yet, many firms resist sending it because of an inherent mistrust in how it will be used.”
R3 had already leveraged blockchain’s ultra-secure model to create Corda Enterprise. The company has just announced its newest platform Conclave, which has been designed to keep essential data secure and protect it from modification or hacking. Conclave is already fully integrated with Corda Enterprise for use storing and protecting the data of enterprise organizations. According to R3, Conclave combines confidential data storage with Intel Software Guard Extensions to protect that data from modification, in addition to an API that will allow enterprise clients to write applications for any operating system and also code in any language they choose while keeping all necessary data stored securely through Conclave.
Ready to learn more about how best to protect your data for you and your enterprise organization? Contact Mobile Goods today.