Dubai, UAE—November 28, 2024—Serenity, a blockchain-based technology provider, and IDEMIA Secure Transactions (IST), a leader in payment and connectivity solutions, have launched sAxess, a biometric card designed to improve security for digital assets and sensitive data. Combining Serenity’s blockchain expertise with IDEMIA’s advanced biometric smart card technology, the sAxess card offers enhanced access control, robust data recovery, and decentralized storage capabilities.
The global rollout of sAxess aims to address growing concerns over data breaches and the need for scalable security solutions across industries like banking, healthcare, and insurance. By integrating fingerprint authentication and IDEMIA’s B.CHAIN hardware wallet technology, the card offers users a secure self-custody solution for managing digital assets without reliance on intermediaries.
“We are entering a new era of data security, as digital threats grow increasingly complex and frequent,” said Venket Naga, CEO of Serenity. “Our partnership with IDEMIA merges cutting-edge biometric capabilities with blockchain innovation, ensuring that users can access and manage their sensitive data with unprecedented security.”
Key Features of the sAxess Card
- Biometric Authentication: Replaces traditional PINs and passwords with fingerprint verification to ensure only authorized access.
- Decentralized Data Recovery: Employs Serenity’s patent-pending technology, utilizing non-fungible tokens (NFTs) as secure credentials in a “digital safe” for predefined access conditions, including inheritance scenarios.
- Cold Storage for Digital Assets: Integrates IDEMIA’s hardware wallet technology, providing robust storage and secure transaction capabilities.
- User Control: A self-custody model minimizes third-party risks, empowering individuals and organizations to manage their assets directly.
Jerome Ajdenbaum, Vice President of Digital Currencies at IDEMIA, highlighted the innovation: “sAxess sets a new standard in trust, security, and user experience by integrating our hardware wallet with Serenity’s blockchain capabilities. This card empowers users to safeguard their data and assets with intuitive yet advanced solutions.”
Addressing Regulatory and Industry Needs
Notably, the launch of sAxess aligns with global regulatory pressures like the General Data Protection Regulation (GDPR) and increasing demands for secure data management systems. High-profile breaches and rising data privacy concerns have driven organizations to seek scalable solutions that ensure compliance without sacrificing usability.
The card’s features cater to industries handling sensitive information, providing adaptability for environments requiring high security and reliability. Farsh Fallah, COO of Serenity, emphasized its transformative potential: “sAxess empowers users beyond encryption alone, providing control over digital assets and ensuring seamless data recovery under predefined conditions.”
Future Plans
The sAxess biometric card is part of a broader ecosystem of products under development by Serenity, including the recently launched sBox storage solution and upcoming tools like sVault and sWallet. These innovations aim to redefine data security and asset management by leveraging blockchain technology and user-centric design.