Data Storage Revolution on Blockchain
Storage of valued information is important to an individual, business organization and even for the government. In the past, secure file storage meant secure cabinets with a lock, sometimes backed local storage and in hard drives with a passcode. But today cloud storage is taking the world by surprise. Memority is introducing a revolution where data will be stored as an encrypted file in a decentralized cloud storage platform and a unique key only accessed by the file owner, by introducing hosters who will spare a part of their hard drives to be used for storage of the files.
Data security
Memority has introduced a system that will store valued information i.e. data files. Memority will create an encrypted file upon file upload. During upload, a unique private 128-bit key is generated and only stored by the file owner, this sums up the security of their files. Users, in this case, hosters will provide a space from their hard disk that will be used to store the files. Memority will automatically create 10 copies that will be disturbed to users for storage, the system will continuously monitor the files and in case of forgery or manipulation, the system will automatically create new from the original file and new hosters will be allocated the file. Maintain authenticity and data file recovery then the user will just ensure they pay for the services.
Memority wallet
Memority system will automatically generate an MMR wallet for users to use in the platform which is created during installation i.e. while uploading the files. Memority wallet will be used for payment of data storage and be receiving payments from users after the data they stored for other users have been downloaded.
Memority tokens
Memority has created its own cryptocurrency based token system, MMR tokens will be used to govern the work of Memority, the transactions within Memority platform will be recorded in the blockchain.
Memority tokens will be independent of any centralized financial system.
MMR tokens will allow one to:
• Provide space for data storage
• Invest in the token exchange during ICO process
• Become a Miner
• Develop applications to be used in Memority platform
Memority token presale-ICO (initial coin offering)
Memority will allow investors during the pre-ICO and ICO process buy Ethereum Memority tokens (EMT)
Users will be able to exchange their EMT tokens to MMR tokens without commissions. EMTs that will be exchanged to MMR will automatically be destroyed. MMR tokens are not sold thus one will have to purchase EMT and exchange it in the ratio 1:1. Accepted payments include Types of payment are accepted: Ethereum, VISA, MasterCard, Bitcoin, Bitcoin cash, Lite coin.
For more info about Token sale visit https://memority.io/
Memority rewards
Motivation is key to optimal productivity in an organization Memority has a system that will ensure all participants feel motivated and in turn attract more users, investors miners, and hosters.
Data owners will receive a secure decentralized reposition. Hosters will earn from data owners for their file storage. Developers will earn MMR from data uploaded through their applications and miners will be awarded MMR tokens to keep the system is operational.
Data storage has never been these easy. By bringing together developers, hosters, users, and investors. Memority will offer users the best ultra-secure platform for data storage, secure from data loss, forgery and manipulation. Giving investors a chance to invest in during the pre ICO period and allowing hosters to gain some extra cash from their free hard drive spaces.
For more information, please follow these links:
Whitepaper: https://memority.io/docs/whitepaper_memority.pdf
Website: https://memority.io/
Social network:
Telegram: https://t.me/memority
Twitter: https://twitter.com/frvrty
Facebook: https://www.facebook.com/mmority/
Blog by: Isaac Kimutai
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