Blockchain technology is a transparent digital transaction book and records that are immune to modification or deletion. Offering additional features of increased security, cost reduction, time efficiency and error tolerance, the chain-chain grew, fluctuated in 2017. The utility of blockchain technology is unlimited, triggering an increase in the list of companies, industries and government studying its potential adoption. A block-chain is an immutable public book that records digital transactions.
Memority is a decentralized platform that leverage the power of blockchain technology for encrypted cloud storage of valuable data. They aim to create a self sufficient ecosystem that includes many applications to meet the needs of businesses,government and individuals for secure storage of all kinds of valuable data. The blockchain is a promising solution in today world to several sectors, using it by this platform will enable them to provide a long term storage of well secure data, protection of the data from deletion or unapproved view to other individuals and hackers.
With this platform,individual files will be stored separately in a specific area alone,unlike the centralized storage servers. To prevent data files from deletion,each stored file is made in to like 10 copies in order to provide the maximum security of each individual files stored. And each file is encrypted with a private key loaded in to the system, the private key is to be provided, stored and control only by the owner of the data file.This gives him full control of his files in the platform when accessing it.
FEATURES OF MEMORITY PLATFORM
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.
· Data encryption using your private keys
· Protection of the data from accidental deletion
· Protection of data from forgery
· Completely self-contained and independent system
· Motivation of all participants
· Mining technology: Proof of Authority (does not require costly equipment)
· API for applications development
With the aid of its API, Memority permits third-party inventors 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.
In addition to these, Memority’s platform uses a Proof of Authority which means the computing power is useless in the procedure of creation of blocks and will not escalate with time. Memority’s token cost and the token investments are protected from inflation.
TOKEN AND ICO DETAILS
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.
You can get your tokens here: https://memority.io/buy_tokens
ROADMAP AND DEVELOPMENT PERSPECTIVE
Above you can see the roadmap — how the team sees their nearest and long-term future.
TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT
Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.
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. Be a part of this tremendous project and follow these links for more information;