- CURRENT PROBLEMS EXISTING IN THE CLOUD STORAGE.
- INTRODUCING MEMORITY.
- FEATURES OF MEMORITY
- TOKEN INFORMATION.
- MEMORITY MEDIA ENDORSEMENT
- More Info
CURRENT PROBLEMS EXISTING IN THE CLOUD STORAGE
In the world we live today, one of the major problems that face all internet and tech users all over the world is that of getting a more reliable and convenient way of storing data such that unauthorized individuals will not have access to view, modify or delete it.
These problems exist because most of our traditional cloud storages (such as Amazon, Dropbox, Google Drive just to mention but a few) uses centralized servers which implies that all files are stored in one specific location on the web, thereby making it vulnerable to unauthorized modification, viewing, and deletion.
Also, Traditional file storage (Amazon, Google drive and the rest) usually Stores just a single copy/format of the file being uploaded to them, this, of course, increases the possibility of losing the stored information.
Furthermore, Another major problem with the traditional Data storage is the fact that its method of payment and transaction is completely done and powered by the centralized financial system which we all know that lack stability in terms of its legal and technical features. In summary, This and many other problems such as Lack of encryption, vulnerable owners’ information, etc.
Memority-a blockchain-powered platform for encrypted decentralized cloud storage of valuable information/data. Memority’s main goal is to create a self-sufficient ecosystem that incorporates numerous applications to address the issues of organizations, government, and individuals in the ultra-secure storage of wide range of valuable data.
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The platform ensures that there is a high level of security for every data uploaded by automatically creating ten (10) copies for each of the stored files, and constantly monitored their integrity and authenticity.
In addition to this, every file uploaded into the system are automatically encrypted with a private key, which is only known by the data owner. without the private key, no one can Access the content of the data.
One of the interesting thing about Memorityis that its API give room for third-party developers to create online apps and desktop for decentralized encrypted storage of various types of data without a lengthy investigation into technical details of the blockchain technology.
The platform rewards developers of such applications with part of all data storage payments for files that were uploaded with their apps.
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FEATURES OF MEMORITY
It will interest you to know that Memority comes with a lot of Great and unprecedented features. the features are listed below:
- The data is encrypted with your private key, meaning the contents of the files cannot be physically viewed except the owner provides you with the private key
-Data is protected from accidental deletion:- The system automatically creates and stores multiple copies (10 and above) of data on unrelated storages, Also, the monitoring system intermittently checks their availability and if there should arise an occurrence of a deficient number of copies, makes new duplicates in different unrelated stores
–Data is protected from forgery: The Unique data identifiers are auto-stored in the database of the blockchain, and the system regularly searches for fakes and restores copies of files with genuine data in case of forgery.
–The system is completely decentralized and independent: Data storage, data encryption, data validation, the process involved in copying, monitoring and recovering of files, data authenticity are completely decentralized.
–Decentralization of storage facilitiess
-A large number of independent hosters in the network
-Protecting storages from cluttering with unnecessary data
-Use of with its own cryptocurrency tokens MMR, as am means of payment for storage
-It comes with an interface for creating applications by third-party developers
-Users can also store their own data at no cost.
-Data storage in the system is completely anonymous and requires only the private key from the data owner.
-You enjoy total independence from all form of centralized systems
-To ensures proper data authentication, The system stores the hash codes for each file in the blockchain-based database.
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MEMORITY MEDIA ENDORSEMENT
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