Tool Overview:
sharemind

About Sharemind

Sharemind is a data privacy platform that enables companies to analyze financial and business data while keeping the underlying information encrypted. The platform received recognition as the Runner-up for the Caspar Bowden PET Award in 2017 and was named Estonian Defence Industry Company of the Year in 2014.

What does Sharemind do?

Sharemind processes sensitive business information in a fully encrypted state, allowing organizations to perform comparative analytics without exposing their raw data to other participants or to the platform itself. The system collects encrypted inputs from multiple parties and conducts analyses while maintaining data confidentiality throughout the entire process. When users input their information, it remains encrypted and invisible both to other participating companies and to Sharemind's own systems.

The platform handles various types of personal and business data, including contact information, usage patterns, and system logs. It implements specialized tracking technologies such as cookies, unique identifiers, web beacons, and embedded scripts to manage user interactions and ensure proper system functionality.

What makes Sharemind different?

The key differentiator of Sharemind is its ability to perform calculations and analysis on encrypted data without decrypting it at any point in the process. This approach allows companies to gain comparative insights while maintaining complete confidentiality of their sensitive information. The platform employs advanced security measures to prevent unauthorized access, disclosure, modification, or destruction of data.

Sharemind processes data using sophisticated IT-enabled tools and organizational procedures specifically designed to maintain data privacy. The system operates through a network of carefully managed access controls, with data processing occurring at designated operating offices and other authorized locations.

Use cases and industries

The primary application of Sharemind centers on secure financial data comparison between companies. Organizations can analyze their income and expenses against industry peers without revealing their actual financial figures. The platform maintains strict compliance with data protection regulations, including detailed protocols for data retention, user rights management, and international data transfers.

The system accommodates various contact management and analytics functions, including web traffic monitoring and user behavior analysis. Sharemind implements these features while adhering to privacy requirements, such as maintaining detailed records of data processing activities and honoring user privacy rights. The platform includes mechanisms for users to exercise their rights regarding personal data, including access, rectification, erasure, and data portability.