MEMORITY - For Saving Everything That's Important

As there are more and more technological advancements, there is more and more data required to be stored. The technology of data storage is one that has grown in leaps and bounds. From the primitive magnetic tapes which could store only a few MB of data to the smallest thumb drives and memory chips that can hold several terabytes, data storage has shown imminent growth and development. The latest trend is cloud storage where the service providers let people share storage space on a "cloud", which are basically remote servers. It allows people to store enormous amounts of data for a fair price and also share this data and resources.

The world is being re-shaped by the convergence of social, mobile, cloud, big data, community and other powerful forces. The combination of these technologies unlocks an incredible opportunity to connect everything together in a new way and is dramatically transforming the way we live and work.

- Marc Benioff

Cloud storage has been around for quite some time now. But as we can see from the trend in data storage development, the system needs to keep improving, because the size of data has only kept growing. People want faster access, more security and more tools for manipulation and analysis of data. Now that blockchain technology has entered the spotlight, it's time to recognise its potential and use it to update the data storage systems to take it to yet another level. The situation is best explained with Marie Condo's quote -- "It's human nature to take the easy route and leap at storage methods that promise quick and convenient ways to remove visible clutter. Putting things away creates the illusion that the clutter problem has been solved. But sooner or later, all the storage units are full, and the room once again overflows with things." Thus, Memority has developed a platform for data storage completely based on blockchain technology with the intent to advance data storage to a further stage of growth.

The Platform

Memority is a completely decentralised, highly secure and totally transparent platform for storing important and valuable data, built using blockchain technology. It uses data redundancy concepts for storing multiple copies of data so that it prevents accidental deletion of files and ensures data is always available to anyone who is eligible to access it.

Security of the data is ensured used private key encryption, so only those owning the key can access the data. The blockchain technology makes sure that there is no corruption or forgery of data on the platform using unique data identifiers stored on the blockchain database. Most importantly, the system is decentralised, making it completely self-reliant and independent, so there is no single point of failure and there is no dependence on any single central system. Data storage, access and authentication are all decentralised activities. The platform allows Proof of Authority mining technology which is inexpensive and profitable.

The Memority API provides an abstraction of the blockchain technology so people can develop their own decentralised applications for data storage without having to know the intricate workings of the technology. They are also rewarded with parts of data storage payments for files they upload using the apps they developed. This makes sure that people are motivated to use the platform and contribute to its growth and improvement.

The new era of data storage

With the launch of Memority's platform, we can say that the new era of data storage is here. It has truly reached the next level and it has improved upon the features of the existing systems while removing the limitations posed by the very same systems, the main change being the shift from a centralised system to a completely decentralised system. With their highly diligent and expert team of professionals, and their highly supportive and powerful investors, the project is sure to be a huge success and contribute greatly to the growth of technology.

Website - https://memority.io/

Whitepaper - https://memority.io/docs/whitepaper_memority.pdf

ANN - https://bitcointalk.org/index.php?topic=3952669

Telegram - https://t.me/memority

Published by - dannywhelan

Btalk profile - https://bitcointalk.org/index.php?action=profile;u=1606458