Earlier this year, Serenity Shield entered the GCC with their StrongBox product. The GCC is the Cooperation Council for the Arab States of the Gulf. This is a very crypto-friendly region. Recently, Serenity Shield opened a data storage facility in Oman. This region will also have a high demand for data storage. StrongBox, their flagship product, can deliver this. More global DePIN site locations are to follow. As a result, Serenity Shield positions itself as a worldwide leader for DePIN.

So, let’s take a closer look at what Serenity Shield and StrongBox are and how they fit in this global DePIN network.

StrongBox and How it Fits into a Global DePIN Network

Serenity Shield’s flagship product is StrongBox. It allows for storing digital data and records on-chain. By using StrongBox, you are in control over your data. It’s a series of digital vaults. StrongBox uses an AI-based system to determine the best vault for each project.

This setup allows for stored data to be safe. StrongBox has various tools to achieve this. For instance,

  •   Military-grade encryption technology.
  •   Fragmented key distribution systems.
  •   Private smart contracts.
  •   Non-Fungible Tokens. These serve as digital access keys.

Combined with blockchain technology, it offers unique security and transparency. Furthermore, you, as the user, remain in full control over your data. Another key feature is the inheritance option. This allows you to have all your crypto-related information available. In case you die, pre-designated people will receive access to this information. For instance, private keys to noncustodial wallets or passwords. In a nutshell, everything needed to access your crypto bags.

Launching a Global DePIN Network

The Array Network in Muscat, Oman, is the first of six DePIN site locations. It’s located within a 215,000 sq ft (ca. 2 ha) facility in Muscat. Oman wants to create a diversified economy and environmentally sustainable future. An Omani investor is partnering with Serenity Shield and bringing a 20,000 sq meter facility online for the growing demand. This is part of their 2040 Vision. 

So, five more locations are to follow. These other locations will be in,

  • India
  • The Netherlands
  • Portugal 
  • Australia
  • USA

Serenity Shield

Source: CoinMarketCap

The Oman facility went live in mid-May 2024 and is also meant for testing. The other five decentralized data centers will go live over the next few months. By doing so, we can stop relying on centralized cloud services. Being able to move away from centralized data storage has a few advantages. The current multinationals that control the centralized cloud services also control your data. However, decentralized data storage offers control and ownership over your assets. On top of that, it also offers control over your private information. For example,

  • Your social engagement.
  • Consumer behavior.
  • Financial investments.

Decentralization returns autonomy over these three privacy topics. But it’s not only us, as users, that enjoy this decentralization. Businesses and government institutions can also enjoy this. Serenity Shield offers a new form of data storage. By design, it offers redundancy, security, and decentralization. Having these decentralized data centers also encourages widespread blockchain tech adoption.

Serenity Shield is not only active in the DePIN sector. It also plays a role in the RWA sector. For example, if you run a node in this data network, you can earn token rewards or utility cost settlements. Once this moves forward, tokenized energy rewards can also come into the picture. You can earn these rewards, based on your location and requirements.

Venket Naga, CEO of Serenity Shield

Web2 has laid the foundations, however, Web3 builds upon this. Venket Naga, CEO of Serenity Shield, had this to say.

“By embracing the values of Web 3.0 and building upon the foundations laid by Web 2.0, we are forging a path towards a fine-tuned decentralized, resilient, and inclusive digital future. We are in the middle of an exciting digital transformation. The paradigm is shifting from centralized to decentralized systems. It redistributes power and control in unprecedented ways.

At the forefront of this revolution stands the opportunity for innovative DePIN.  It redefines how we conceive, construct, and manage physical infrastructure. It makes sense to start with the data.”

Conclusion

Serenity Shield opened its first of six physical decentralized data storage facilities. This is part of their global network. There will be six facilities in total. This network lessens the reliance on centralized cloud services. It also sets Serenity Shield apart from competitors. Major client contracts for data storage are the next step. Their StrongBox flagship service will handle this new demand. This should open the door for a profitable future for Serenity Shield.

The current $SERSH price is $0.318. It has a market cap of $2.2 million. Out of the 100 million max supply, almost 7 million $SERSH tokens circulate.

Coins

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. This article has been sponsored by Serenity Shield.

Copyright Altcoin Buzz Pte Ltd.

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