BlockChain: Review-Memority (DECENTRALIZED CLOUD STORAGE OF VALUABLE DATA ON BLOCKCHAIN)

WEBSITE | WHITEPAPER | TELEGRAM | FACEBOOK | TWITTER

WHAT IS MEMORITY?

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.

MMR tokens are necessary for the functioning of the entire ecosystem. Tokens can be obtained for:

providing space for data (hosting files of other participants
becoming an investor in the ICO process and exchanging purchased tokens to MMR
developing applications for Memority platform.

Each participant of the system receives certain opportunities:

Data owner - can store data in an encrypted form in a decentralized and completely secure manner, paying for the storage with MMR tokens. Also, he can provide his disk space for data of other users, becoming a hoster, and receive tokens to pay for the stored data.
Hoster - can receive MMR tokens for providing their disk space to users of the Memority platform to store their data.
Third-party developers - will be able to implement their ideas and create their own applications, using the infrastructure of Memority, and receiving MMR tokens for this.
Miner - receives rewards in the form of MMR tokens for supporting the working capacity of blockchain executing their authority (only 10,000 or more token owners can become miners

Memority is the platform for a completely decentralized, ultra-secure storage of valuable data on the blockchain, which ensures the continued availability of several encrypted copies of data on unrelated storage locations around the world.

The data is encrypted with your private key

No one except the owner can physically view the contents of the files, because they are encrypted with a private key, which is stored only by the data owner

Data is protected from accidental deletion

The system always stores multiple copies of data (default is 10), the monitoring system will periodically check their availability and creates new copies in other stores in case of insufficient number of duplicates

Data is protected from forgery
Unique data identifiers are stored in the blockchain database, the system regularly searches for fakes and restores the correct number of copies with genuine data if files have been forged

The system is completely self-contained and independent

Data storage, the process of files copies monitoring and recovering, data encryption and validation for authenticity are completely decentralized, there is no dependence on any centralized systems

Blockchain-based data storage ecosystem

Memority's mission is to create a self-sufficient ecosystem that includes a variety of applications to meet the needs of businesses, government organizations and individuals in ultra-secure storage of all types of valuable data.

The Memority API allows third-party developers to create desktop and online apps for decentralized encrypted storage of various types of data without a lengthy investigation into technical details of the blockchain technology. Developers of such applications are rewarded with part of all data storage payments for files that were uploaded with their apps.

Visual demonstration of self-sufficiency of the Memority system