Hello @karthik_p ,
The UC setup provides the feasibility to add the S3 bucket as a volume when compared to the non-UC concept Mounts.
When added as Volume, the access to the Volume in UC is Governed via the Storage Credentials.
Regarding Storage credential, as by definition : A storage credential is a securable object representing an AWS IAM role, which itself suggests that it needs to be an IAM role, hence ruling out other authentication mechanisms.
Additionally as mentioned in the article: "A storage credential represents an authentication and authorization mechanism for accessing data stored on your cloud tenant, using an IAM role." It further establishes that the UC Storage credential is expected to be defined using an IAM role.