PREREQUISITE:
Before starting with this article, it is assumed the user with the issue also has:
ISSUE:
The user had a properly configured an environment “pre Strategy Update 10”, later; an update is performed (to 10 or above) and seems like everything works fine, needless to say; when checking the status of collaboration it seems as is down

As the administrator goes ahead and decide to validate the status of collaboration server, he realizes that the service state is “stopped.” and every attempt to start it fails.

Needless to say if the user removes the TLS configuration from config.json and tries again he realizes that the service is able to start.
CAUSE:
This issue is most likely due to the use of pbeWithSHA1And40BitRC2-CBC in the PKCS#12 file, in particular, because of RC2.
This is important because Collaboration runs under Node.js, starting in Node.js v17 RC2 was considered legacy and currently the Update 10 of Strategy possess the Node.js v18 meaning that such files won’t work, thus making the start of the service fail and explaining why disabling it makes it work.
ACTION:
To fix this then the administrator should consider protecting the PKCS#12 files using a different cipher.