September 12, 2024, Dominica—Asprofin Bank [1] announced plans with 360 Wowcom Data to finance and construct a data center that satisfies global storage and data access needs while being energy efficient. The envisaged state-of-the-art facility ionizes industries by providing computing power, high-speed storage, advanced networking, and highly efficient server architecture, with a total estimated project value of USD 13 Billion. The planned center incorporates, amongst others, 12 Security Patents and 422 bulk project patents. [2]
The data center plan is a testament to 360 Wowcom Data and the subcontractor’s track record in establishing other regional data centers in Southeast Asia.
Data Center in East Asia for a Government Agency with Artificial Intelligence and Big Data Analytics at the Forefront of the Dashboard.
When asked for comment about the design and plans for construction, Xiaoyan Wang of 360 Wowcom Data commented, “We will build the Data Center with underground passive water cooling and a scalable storage capacity of 50GB per person for a 5 billion population, with fast low orbit satellite and fiber global data access”. [3]
While ambitious for projects of this scale, underwater passive water cooling minimizes the use of heat dissipators, exchangers, and commercial cooling solutions, thereby reducing the footprint and increasing the Power Usage Effectiveness, and is in line with the Federal Energy Management Program Data Center design best practices. [4] In addition, cloud data access minimizes onsite deployment, eliminating individual energy expenditure while keeping admin control and autonomy over the system. [5]
Further, 360 Wowcom Data’s storage solution comes with a user-friendly software-as-a-service (SAAS) suite: 360 Wowdrive. 360 Wowdrive, available to consumers, corporations, and governments, offers decentralized cloud storage with data encryption technology and authentication handshakes. All data uploaded by users is encrypted on the client side, meaning it is encrypted before it reaches the server. [6] The encryption ensures that the data remains secure during transmission and storage, with no third-party access to unencrypted files, providing unparalleled data privacy and security. [7] The triple-layered data safeguard far surpasses the requirements under the PCI DSS Encryption, which makes the AES truncation encryption a concept of the past. [8]
Asprofin Bank’s Director of Technology, DK Wei Chen, praised the storage solution’s benefits: ” We are poised to implement the solution as it provides multilayered decentralized data communication with data handoff within the banking apps, an additional layer of security for our clients in terms of transaction authentication, and online banking wallet security. It gives us a chance to have access to well-rounded technology and functions similar to Citi’s Digital Assets in terms of client data security. [9]
The data will be accessed via satellite based communication dubbed the 360 Wowcom Data Starlink Project. The 360 Wowcom Data Starlink Project is a spinoff that will be undertaken simultaneously to the datacenter construction, and is a series of low earth orbit satellites that form a web to deliver access globally. In terms of IoT applications, the low earth orbit satellites can operate in the harshest of weather conditions, making data accessible around the clock for all users. [11] The connectivity advantages were further corroborated earlier by Defence Digital [12], Science Direct [13], and the European Space Agency [14].
When asked about future plans, Xiaoyan Wang affirmed that 360 Wowcom Data, after the Apple iPhone Launch earlier this month [15], are going to be introducing a first-to-market phone shortly after the Apple iPhone launch for all users with the focus laid upon hyper connectivity, and a slew of features that enhance the digital life and workspace of consumers, corporate enterprise and government users. The phone dubbed the 360 Wowcom Smartphone features an industry first satellite data communication chip for around the world data connectivity, a 5G telecommunications chip compatible with all wavebands, a finger FIDO compliant sensor, and 108 MP, 50MP, 50 MP tri-camera setup. [16]
About Asprofin Bank
Asprofin Bank is a licensed offshore bank, operating under Section 5 of the Offshore Banking Act, No. 8 of 1996, regulated by the Financial Services Unit of the Commonwealth of Dominica. With a global presence, Asprofin Bank offers a wide range of financial services, including cross-border payment solutions, project financing, and investment advisory. As a member of the International Bank Association, the FI is committed to providing trusted and innovative banking solutions to clients worldwide.
About 360 Wowcom
360 Wowcom is a leading technology provider specializing in advanced data processing, AI solutions, and wellness technology. The company is dedicated to delivering innovative, data-driven solutions that drive transformation across industries worldwide.
Contact Details
Company Name: Asprofin Bank Corporation
Department: Asprofin Bank Communications Team
PIC: Yida Jiang
Email: correspondence@asprofinbank.org
City: Roseau
Country: Dominica
Contact Details
Company Name: 360 Wowcom
Department: Data Analytics and Communications
PIC: Guo Wei Zhen
Email: correspondence@360wowcom.com
Place: Delaware, United States of America
References
[1] https://www.asprofinbank.org
[2] https://analytics.zhihuiya.com/patent-view/
[3] https://www.datacenterdynamics.com/en/analysis/an-introduction-to-liquid-cooling-in-the-data-center/
[4] https://www.energy.gov/femp/articles/best-practices-guide-energy-efficient-data-center-design
[5] https://www.asiabusinessoutlook.com/perspective/how-cloud-computing-can-be-a-costeffective-solution-for-businesses-nwid-3032.html#google_vignette
[6] https://www.researchgate.net/publication/350020260_Client-side_Cryptography_Based_Security_for_Cloud_Computing_System
[7] https://medium.com/@jonathanwilcheck/the-advantages-of-decentralized-cloud-storage-a-secure-and-efficient-solution-fe07a8c8a67
[8] https://thoropass.com/blog/compliance/pci-dss-encryption-requirements/
[9] https://medium.com/@project_medici/citiblock-inside-citibanks-blockchain-project-and-why-the-crypto-industry-feels-meh-about-it-b35c4fa0b340
[10] https://www.360wowcomdata.com
[11] https://tago.io/blog/low-earth-orbit
[12] https://defencedigital.blog.gov.uk/2024/02/16/low-earth-orbit-the-future-to-keeping-sailors-connected/
[13] https://www.sciencedirect.com/topics/engineering/low-earth-orbit
[14] https://eda.europa.eu/news-and-events/news/2024/03/06/european-satellite-constellation-for-very-low-earth-orbit-to-launch-in-two-years
[15] https://www.apple.com/newsroom/2024/09/apple-debuts-iphone-16-pro-and-iphone-16-pro-max/
[16] https://www.360wowcom.com
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No FUNDS MANAGEMENT journalist was involved in the writing and production of this article.