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MOUNTAIN VIEW, CA - Finnovant Inc., known for its mobile technology and biometric authentication solutions, in partnership with Storage Chain, a leader in decentralized storage technology, has announced the launch of the PhēnixLoc Data Manager. Scheduled for release on June 1, 2025, this product aims to provide secure and affordable data storage to users in emerging markets, utilizing Web 3 technology for enhanced security and accessibility.
The PhēnixLoc Data Manager offers encrypted, decentralized storage for various types of sensitive information. It is designed to be accessible to all, with pricing structured to be competitive for emerging market consumers. The data manager ensures user control by employing Finnovant’s Say-Tec biometric authentication and robust Decentralized Finance (DeFi) security measures for data protection.
Brian Maw, CEO of Finnovant, expressed the company’s commitment to providing secure data storage solutions to those in emerging economies, emphasizing the integration of their biometric authentication with Storage Chain’s decentralized network. The product promises unprecedented security and control, tailored to the needs of a broader user base.
The system uses AES-256 end-to-end encryption, a standard for secure institutions, and an Endowment function for digital life planning, allowing users to designate access to their digital assets posthumously. PhēnixLoc’s decentralized approach distributes each file across a global network of servers, ensuring that no single entity can access a user’s content.
Chris Dominguez, CEO of Storage Chain, highlighted the collaboration’s significance in making decentralized storage practical and globally accessible, underscoring the importance of privacy as a fundamental human right.
The announcement promises a data manager that is not only secure but also user-friendly, with fast file downloads and a commitment to user privacy and control. This information is based on a press release statement from Finnovant Inc.
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