INTRODUCING MEMORITY: A DECENTRALIZED PLATFORM FOR CLOUD STORAGE OF VALUABLES ON BLOCKCHAIN

apritiadahenti (6)in #ico • 7 years ago

Memority is a decentralizes platform that will allow storage of valued data Based on chain block technology. It will allow data encryption using the 128-bit private key which will only be accessible by the file owners. By having multiple data copies, 10 copies to be exact data will be protected from accidental deletion and in case of deletion files will be retrieved easily.
Having unique data identifiers stored in blockchain database data will be protected from forgery and manipulations. Ensuring that there is no dependency on the centralized system this will ensure that data is continuously monitored and decentralized.
Reasons for Memority creation
• Secure Reliable and convenient data storage
• Data protection from modification, deletion, unpermitted view
• Offer long-term data storage platform

Solution
Memority is a decentralizes platform that will allow storage of valued data Based on chain block technology. It will allow data encryption using the 128-bit private key which will only be accessible by the file owners. By having multiple data copies, 10 copies to be exact data will be protected from accidental deletion and in case of deletion files will be retrieved easily.
Having unique data identifiers stored in blockchain database data will be protected from forgery and manipulations. Ensuring that there is no dependency on the centralized system this will ensure that data is continuously monitored and decentralized.
Reasons for Memority creation
• Secure Reliable and convenient data storage
• Data protection from modification, deletion, unpermitted view
• Offer long-term data storage platform

Solution

Memority will offer a decentralizes storage facility that will be untampered. Creation of multiple data copies on unrelated storages will ensure data protection. Allowing connections of many computers to maximize the number of independent repositories will reduce operational costs.
Through decentralized monitoring, the system will allow only trusted users access and monitor data storage facilities within the platform
website link https://memority.io/

MMR tokens
Memority will launch its own tokens system known as MMR tokens, the transactions will be stored in blockchain database. A token wallet will also be used for transactions within Memority platform which will automatically be generated when encrypted data will be uploaded

Why obtain MMR tokens
• MMR tokens will provide users with a space for data storage.
• MMR tokens will be an investment opportunity for investors during ICO period and are tradable in the exchange
• MMR tokens will allow users to become miners
• MMR tokens will allow developers create an application and use their databases for data storage

System participants

• Data owners- Memority being a data storage platform will allow its users to store data in a decentralized and ultimately the most secure manner. Users will have to pay for their valued data storage using MMR tokens. Memority will also offer the users have a chance for them to be hosts by providing them with a chance to use their available data space to store other user’s data, in turn, they will earn MMR tokens from the stored data
• Hoster - they will use their computer spaces to store data by providing their disk space to memority users and other users they will earn MMR tokens inturn.

Memority platform specifications
The Memority system will operate on the basis of Ethereum virtual Machine(EVM) using a new algorithm proof of authority consensus. This approach will allow high network speed to reduce the computational cost of maintaining its performance.
Why use EVM- blockchain technology is continuously growing thanks to the developers,
Memority is working on using their own blockchain network that will significantly reduce operational cost, by creating a readymade EMV tool that will be used while solving Memority tasks

Memority ecosystem

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

JUSTIFICATION AND PLAN
Due to the flexible tools available for the creation of applications, ultra-reliable and befitting data storage and competitive nature of the system, it can be considered that the Memority would become the best-decentralized data storage blockchain system with great potentials. Greater priority and reward would be given to early miners to encourage mining activities and operation of the system. Our team would only be given a slight share of the tokens and 5% of the payment for the app we would create for the system. Our company is registered and has a team of very interesting, ingenious and motivated individuals committed to seeing this project through.