MEMORITY PLATFORM: decentralized cloud storage of data.

martilda (22)in #ico • 6 years ago

Memority is a new blockchain technology for decentralised cloud storage of Data. Memority gives meaning to the word "secure". Memority stores data by making several copies into the system and distributes these copies to different locations worldwide; apart from the duplication of data, memority also encrypts the data stored with a master key which would be known only by the owner of the data. The duplication and distribution of data ensures all the data is not stored in just one place just in case of emergencies and the encryption of data ensures there are no unauthorized access to data.

Memority’s mission is to create a self-sufficient ecosystem that includes many applications to meet the needs of business, government organizations and individuals in the ultra-secure storage of all kinds of valuable data. The Memority API allows third-party developers to create desktop and online applications for decentralized encrypted storage of various types of data without a lengthy investigation into the technical details of the blockchain technology. The creation of new products based on the platform is aimed at popularizing Memority, attracting even more users and hosters and expanding the platform community.

UNIQUE FEATURES

Data encryption with private key

In order for Memority to achieve secure data storage, the files are automatically encrypted when they are loaded into the system by use of a private key which is kept by the owner alone. The data stored in the system can only be achieved by the use of these private key.

Data is protected from accidental deletion

The platform founded by Memority comprises of an assembly of repositories from various places in the world, which on the basis of computers of customers who have provided part of their memory for data storage. In order to achieve a high profile data protection, 10 duplicated are made for every one of the files stored. Just in case these duplicates are compromised, new duplicates of the original file are automatically generated for the new hosts

Data is protected from forgery

Memority’s platform is designed with unique hash identifiers of the data which is stored in a blockchain database which makes it unmanageable to delete the files or to forge them. Memority also offers an incenting techniques which targets to connect as many regular computer users in the structure to make the most of the number of independent repositories.

The system is completely independent

Data storage, the process of file monitoring and subsequent data encryption and validation for authenticity are fully decentralized and there is completely no dependence on any centralized system.

BENEFITS

The storage system is a collection of independent repositories from around the world, including not only specialized hosting providers, but also computers of ordinary users.
The system stores several data copies (10 by default) on unrelated storages.
The mechanism of hosters motivation is aimed at connecting as many computers as possible to maximize the number of independent repositories.
Memority continuously checks and restores multiple copies of each file using a decentralized monitoring system to provide reliable protection from data loss.
Memority continuously checks and restores multiple copies of each file using a decentralized monitoring system to provide reliable protection from data loss.
The mechanism of Memority operation is based on payments for storage with its own cryptocurrency tokens MMR, the transaction history of which is kept by the participants of the blockchain system. The functioning of tokens system occurs independently of any centralized financial systems.
Developers of all applications receive rewards for storing each byte of data uploaded through their application. This will create a lively competitive environment for creating popular applications and provide developers with additional tools to promote their own products and, as a result, to further popularize the platform.
When you are uploading files to the repository, they are encrypted with a private key, which is stored only by the user. Access to the data is possible only with this private key as well...
Users can store their own data free of charge in exchange for storing the data of other system members on their computers. This possibility is directed, among other things, at expanding the network of hosters by including ordinary users into the network.
Data storage in the system is completely anonymous and requires only the private key from the data owner.
The processes for verifying the availability, authenticity and recovery of the file are completely independent from file owners. The data owner just uploads a file and, provided that he has the required number of MMR tokens on the account, enjoys the safe storage on the platform.
Data storage, processes of file copies checking and recovering, encryption and verification of data authenticity are completely decentralized, there is no dependence on any centralized systems. Memority is completely self-sufficient and independent even from its own creators.
Unique data hash identifiers are stored in blockchain database, the system regularly checks forgery and restores the required number of copies of the original data if the files have been forged.

CHANNELS

Memority is developing a self-sufficient ecosystem that will meet market requirement ranging from the government to individuals not forgetting the businesses and organizations that will ensure secure valuable data storage. Memority will allow creation of desktop and online applications for encrypted data. It will allow storage of confidential documents, digital evidence, authorization data, personal photos/ videos and internet resources.

TOKEN DETAILS

MMR tokens ensures to provide space for data (hosting files of other participants). MMR tokens empowers investor in the ICO process to become a miner by developing applications for Memority platform.

The term crowdsale