Multi Party Collaboration
Problem Statement
Exploring Data Collaboration While Ensuring Safety, Security, and Privacy of Data
Data collaboration is a game-changer for organizations. By collaborating and exchanging data internally and externally, businesses can acquire valuable insights that open the way for innovating new services/products, advance their digital business, and gaining AI success. In a recent study, Gartner predicts that organizations that promote data sharing will outperform their peers on most business value metrics. However, organizations encounter barriers to safe and secure data collaboration due to challenges with compliance, governance, and privacy-threatening practices. Regulatory frameworks such as GDPR and CCPA require strict data protection measures and traditional collaboration methods put sensitive data such as Personally Identifiable Information (PII), Protected Health Information (PHI), Intellectual Property (IP), and financial records at risk of being breached or misused.
About Fortanix Confidential Data Collaboration Platform
The Fortanix Confidential Data Collaboration Platform is a secure enclave-based solution that empowers organizations to collaborate on sensitive data without compromising confidentiality. It leverages confidential computing to create a trusted execution environment where data remains encrypted while in use. This eliminates the risk of unauthorized access during collaboration and ensures data privacy for all participants.
Product Benefits
Secure Data Collaboration
The platform facilitates secure collaboration between multiple organizations by protecting data at rest, in transit, and in use. This enables data-driven collaboration on confidential projects without compromising privacy.
Bring Your Own Infrastructure (BYOI)
Organizations can leverage their existing infrastructure for deployment, reducing costs and simplifying integration.
Complete Control Over Data
The platform provides granular control over data access and permissions, ensuring that organizations maintain full ownership and control over their sensitive information.
Streamlined Workflow Management
The platform offers workflow management tools to help organizations define, manage, and track the data collaboration process while adhering to established security and privacy protocols.
Fortanix Confidential Data Collaboration Platform Use Cases
Empowering Secure Collaboration Across Industries
The Fortanix Confidential Data Collaboration Platform addresses the major issue of secure collaboration on confidential data without jeopardizing confidentiality. It creates a trusted processing environment where data stays encrypted even when it’s being used by confidential computing. As a result, organizations from different fields can collaborate on data-driven projects while maintaining privacy.
Cross-border FinancialTransactions
Banks in different countries sharing customer transaction data to detect fraud while complying with data sovereignty laws.
Supply Chain Optimization
Retailers and logistics firms sharing inventory and shipment data to minimize stock-outs and delivery delays. Companies know that closer collaboration with their suppliers is a powerful way to drive improvement.
Clinical Trials
Pharma companies and medical institutions sharing patient data to accelerate drug trials while preserving privacy.
Deliver on Executive Cybersecurity Orders
Secure data across hybrid multicloud with end-to-end encryption and Zero Trust principles.
Insurance Risk Assessment
Insurers pooling anonymized claims data to better estimate risk exposure across their shared customer base.
Public Health Monitoring
Government health agencies. sharing population health data to better track disease outbreaks and health trends.
