Serenity Shield Launches Global DePIN Network To Transform Data Storage
May 20 2024 - 12:00PM
Serenity Shield, a fully decentralized multi-chain data storage
solution, today announces the launch of its inaugural decentralized
storage facility in Muscat, Oman. It will be the first facility of
many to go live for testing across a global network of
interconnected points at pivotal locations in India, Portugal,
Netherlands, USA and Australia. As further access points activate
over the coming months, the operation promises to liberate
individuals and corporations from their current dependence on
centralised cloud services for data storage.
The emergence of blockchain technology promised mass
decentralization - granting individuals true ownership and control
over not just their assets, but also their private information on
things such as their social engagement, consumer behaviour and
financial investments. But individuals currently have no autonomy
over the privacy, security and monetization of their data - which
is instead stored, managed, harvested and sold by multinational
corporations.
With this robust infrastructure, Serenity Shield will allow
individuals, businesses and government institutions to access a
completely new form of data storage that gives redundancy, security
and decentralisation by design. The vast array of global data
centers will help to mitigate the centralised risks that currently
threaten the widespread adoption of blockchain technology.
Venket Naga, CEO of Serenity Shield, explained:
“The self-custodial narrative of decentralization hasn’t been
able to stand up amidst the continued dependence on centralised
cloud services to store data. We’ve been focused on addressing this
for a long time and are finally able to deploy a remarkable
solution in getting our DePIN facilities off the ground. In
building and launching these state-of-the-art physical facilities,
we’re able to fully support a Web3 ecosystem beyond the outlining
of conceptual plans in a whitepaper.”
Individuals who participate as node operators within the
globally distributed network are set to benefit from incentive
mechanisms such as token rewards and utility cost settlements. As
the operations evolve, tokenised energy rewards will be distributed
to users based on their specific locations and requirements,
bringing an unparalleled aspect to a project of this kind with the
convergence of DePIN and RWA.
The operation is also set to be funded through Green Hydrogen
initiatives for renewable energy by governments across the selected
locations, with the DePIN architecture already aligning with
several sustainability initiatives.
With individuals set to be empowered with more personal autonomy
over the way they manage their data, commercial blockchain projects
will also be encouraged to contribute resources to the network and
foster a collaborative ecosystem. Small and medium enterprises will
experience advantages to supply chain management, data
synchronization and content distribution; and governmental
institutions will be able to better preserve public records and
sensitive information.Venket concluded:
“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 decentralised, resilient, and inclusive digital future.
We are in the middle of an exciting digital transformation where
the paradigm is shifting from centralised to decentralised systems,
redistributing power and control in unprecedented
ways.
At the forefront of this revolution stands the opportunity for
an innovative Decentralised Physical Infrastructure Network to
redefine how we conceive, construct, and manage physical
infrastructure. It makes sense to start with the data.”
About Venket
Venket Naga is the CEO and one of
Serenity Shield's strategic investors. With over 30 years of
experience, Venket has played a key role in scaling companies to
billions of dollars in revenues in India and the Middle
East.Venket's expertise spans software development, banking, and
more. From setting up efficient structures for business functions
to managing distribution, logistics, marketing, and finance, Venket
brings a wealth of knowledge to the table.Driven by a passion for
results and excellence, Venket thrives in fast-paced environments
and approaches challenges with a positive mindset. Committed to
making a meaningful impact and fostering transformative growth,
Venket is here to lead the way toward a secure and prosperous
future.
About Serenity Shield
Serenity Shield is a fully decentralized multi-chain
solution dedicated to privacy and security. It empowers individuals
and businesses to interact securely and confidently in the digital
world by leveraging the power of blockchain to safeguard and
protect user data. Serenity Shield offers a unique and innovative
way to store sensitive data and document inheritance, ensuring that
legacies and digital assets live on for generations. The company’s
leading product - the StrongBox® DApp - enables individuals to
reclaim control over their data, identity, and digital assets while
protecting their loved ones, families, and
businesses. Disclaimer: The information
provided in this press release is not a solicitation for
investment, nor is it intended as investment advice, financial
advice, or trading advice. It is strongly recommended you practice
due diligence, including consultation with a professional financial
advisor, before investing in or trading cryptocurrency and
securities.
Ronnie
ronnie.albone at eakdigital.com