Protection well secure data with Memority platform

m0therofdragons (32)in #token • 7 years ago

Memority is a blockchain-based platform for encrypted decentralized cloud storage of valuable data.
The system automatically keeps 10 file copies on independent storages all over the world at all times.
Files are encrypted with a private key obtained only by their owner while account is created. Nobody can see the data without first decrypting it with this key.

Main features:

Encryption:
All user files loaded into the system are encrypted with a private key only their owner has, so no one else is able to get access and view the content.

Protection from accidental deletion and forgery:
By default, the system always creates 10 copies of each stored file on independent storage locations worldwide and then monitors their availability, integrity, and authenticity. The blockchain database stores unique hash identifiers of data, which are regularly checked for possible fakes or forgery.

Motivation mechanism for hosters:
In return for providing their disk space, hosters can store their own data free of charge or receive internal MMR tokens, which will be used for all operations inside the ecosystem.

The MMR Tokens are the universal currency token to be used in the platform, it is to be use for making any transactions,means of payment as a reward to the operators.

The company’s platform intended to roll out its tokens sale starting-date May 31, 2018.

The ICO will be active for a period of one month. The company plans to end its token sale on June 30 2018 or if 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.