WHAT MAKES MEMORITY THE BIGGEST DECENTRALIZED SECURE DATA STORAGE ON BLOCKCHAIN?

Memority Blockchain

Memority is a blockchain based platform for a completely decentralized, ultra- secure storage of valuable data on the blockchain which makes sure there is continued availability of a number of encrypted duplicates of data on various storage locations around the world.

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.
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.

By the aid of its API, Memority permits third-party inventers to come up with desktop and online applications for decentralized encrypted data storage of different types of data. Developers are motivated by being prized with 5% of payments for every stored file that was uploaded using their application.

Why Memority?
During this era, the challenge that arises as a result of lack of reliable and convenient way data storage generates the need to have a decentralized and very secure platform for storing these data. Apart from its application in the financial field, Memority can also be used for long-term storage of secure data which is guarded from forging, deletion or unauthorized viewing.
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.

If you operate on centralized servers which are basically traditional data storage, then your files are exposed to threats of deletion, modification, and forgery because your files and those of fellow users are stored in one common place. Memority provides a solution to these problem by creating a storage system of independent sources in various places in the world comprising not only specialized hosting providers but also computers of regular users.
Another compelling reason for the establishment of the Memority’s platform is to address the risk that is associated with losing the data that has been stored. Mani centralized storages comprises of potentially inappropriate host computers that contain an increased risk of data loss, forging of the data stored and worse deletion. The Memority’s system is capable of storing several data which is set at a default of 10 duplicated copies on various storages.

The Memority’s platform constantly checks and restores several duplicates of each file by the aid of a centralized monitoring system which enhances provision of reliable protection from data loss. Failure to have the recovery options for stored data can cause a permanent data loss after turning off the computer on which the data was stored.

Initial Coin Offering (ICO)

Memority’s platform intends to roll out its tokens sale starting on May 31, 1018. The ICO will be active for a period of one month. The company plans to end its token sale on June 30 2018 or alternatively earlier incase its target funding is achieved. The soft cap target is $ 5,000,000 USD while the hard cap target is $ 85,500,000 USD. Memority’s platform is based on ethereum tokens and individuals are required to use ethereum to buy the Memority’s tokens. The initial cost of the ICO token is set to be 0.1 USD

Team

For more info
website link: https://memority.io/
Telegram chat link: https://t.me/memority
White Paper: https://memority.io/docs/whitepaper_memority.pdf

Blog by Faby Flavour
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