POSIX shared memory objects have kernel persistence: a shared memory object will exist until the system is shut down, or until all processes have unmapped the object and it has been deleted with shm_unlink(3)
On Linux, shared memory objects are created in a (tmpfs(5)) virtual filesystem, normally mounted under /dev/shm. Since kernel 2.6.19, Linux supports the use of access control lists (ACLs) to control the permissions of objects in the virtual filesystem.
Typically, processes must synchronize their access to a shared memory object, using, for example, POSIX semaphores.
System V shared memory (shmget(2), shmop(2), etc.) is an older shared memory API. POSIX shared memory provides a simpler, and better designed interface; on the other hand POSIX shared memory is somewhat less widely available (especially on older systems) than System V shared memory.