Here’s the translation to American English:
Finnovant and Storage Chain have announced the launch of PhēnixLoc Data Manager, an innovative storage solution scheduled for June 1, 2025. This tool, which incorporates Web 3 technology, aims to enhance security, control, and accessibility for users, especially in emerging markets where access to financial services is limited.
PhēnixLoc is designed to provide encrypted and decentralized storage of sensitive data, ensuring that users maintain full control over their information. Among its features is Say-Tec, an advanced biometric authentication solution from Finnovant that guarantees exclusive access to legitimate data owners. Additionally, robust security measures based on Decentralized Finance (DeFi) are implemented.
Brian Maw, CEO of Finnovant, expressed his excitement about the partnership with Storage Chain, emphasizing that secure data storage should be accessible to everyone. PhēnixLoc not only promises a high level of security but also ensures that data is never accessible by centralized entities, utilizing end-to-end AES-256 encryption.
One of the innovative features that PhēnixLoc will offer is Endowment, which allows users to designate a trusted person to access their digital assets in the event of their passing. This feature ensures a planned transfer of valuable information, safeguarding continued access to important data.
The storage process involves splitting files and distributing them across a global network of servers, ensuring that only the user possesses the key necessary to reassemble their data. PhēnixLoc’s privacy policy guarantees that no user data is collected or stored.
Chris Dominguez, CEO of Storage Chain, highlighted that this collaboration represents a significant step toward global accessibility of decentralized storage. He stated that privacy is a fundamental human right, and the combination of a decentralized network with Finnovant’s biometric authentication empowers users to own their digital lives.
In addition to its security features, PhēnixLoc is designed to be highly usable, allowing fast file downloads from anywhere in the world, and will be offered at competitive prices, reflecting the commitment of both companies to emerging markets.
Source: MiMub in Spanish
