Memority: Revolutionizing Data Storage through Blockchain

Nowadays, it is a rare individual who does not store tons of personal and business data on the Internet and PCs. This highlights the pressing need for a reliable and convenient system that provides secure storage of such digital data, safeguarding it against both hack attacks and various hard/software failures that might result in loss of valuable files.

Unfortunately, all existing solutions from traditional cloud storage providers have some vulnerabilities, mostly due to the use of centralized servers. This model involves keeping all files in one specific place and under specific administration, which increases the risk of their loss, accidental deletion, or unauthorized viewing by third parties. Besides, such storage solutions are not always focused on the additional motivation of users.

In order to address these inefficiencies, Memority has developed an innovative cloud storage platform built on blockchain and thus, by definition, providing the most secure and completely decentralized storage of valuable data. The platform represents a collection of independent repositories worldwide based on the computers of hosters providing the physical memory of their devices for file storage. Such a self-sufficient ecosystem is characterized by complete independence from any centralized systems and outside management.

The Memority platform protects user files with technologies similar to those used in blockchain wallets. The key features that ensure an unrivaled degree of security and make Memority a game-changer in the data storage solutions space are:

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

Competitive analysis of the functionality of storage platforms

From the table above it is obvious that general advantages of the listed features belong to Memority. Advantages of other systems can not compensate their weak points, and long- term, decentralized, anonymous, reliable data storage with encryption can be provided only by Memority.

Vision and Mission MEMORITY.
To create an independent ecosystem that includes a variety of applications to meet business needs, government organizations and individuals in ultra-secure storage of all kinds of valuable data.
MEMORITY API.
Enables third-party developers to create desktop and online applications for decentralized encrypted storage of various types of data without a lengthy investigation into the technical details of Blockchain Technology.
Developers are rewarded with 5% payment for all saved files uploaded through their app. Creating a new app will trigger Memory popularization, and an influx of larger users and users, which will have a positive impact on the work of the platform.

ICO and Token information
Token: EMT
Category: Data Storage
Platform: Ethereum
Total Supply: 1,500,000,000
PreICO Price: 1.2 EMT = 0.1 USD
Price: 1 EMT = 0.1 USD
Bonus: Available
MVP/Prototype: Available
Accepted Currencies: ETH, BTC, LTC, BCH, Fiat
Soft cap: 5,000,000 USD
Hard cap: 85,500,000 USD
Country: Estonia
Whitelist/KYC: KYC
Restricted areas USA, China, Japan, South Korea, Cuba, Iran, North Korea, Syria, Crimea.

MEMORITY Project Success Team.

This MEMORITY platform runs its own Blockchain on Ethereum and uses its Technology Authority Evidence. Due to the use of Blockchain itself, MEMORITY imposes a much lower cost of entering data into blockchain when checking files for availability and authenticity
The MEMORITY platform uses Proof of Authority, so it's computing power is irrelevant to the block-making process and will not increase with time. This is replaced by the miners' authority they prove by having large shares in the system. Therefore, some tokens are limited issued, and mine fees will be charged when paying for file storage.
interests all participants of the system and always cleans the platform of unnecessary files. The data owner can provide space for her device, thereby gaining the ability to store its data for free. This possibility is directed, inter alia, to evolve the hoster network, by incorporating unusual users in computer systems.
This platform uses Evidence Authority, so computing power is not relevant to the block-making process and will not increase with time. This is replaced by the miners' authority they prove to have large shares in the system. Therefore, a limited number of tokens are issued, and commission mining will be charged when paying for file storage.
Investment tokens and token fees are protected from inflation. This is achieved by limiting the number of tokens and rewarding all participants in the system. In turn, this will popularize the project and increase the profits of the invetors in a long-term perspective.
To ensure reliable operation, the system is continuous checking the existence of all copies of files, availability of hoster in network, date download, file size and hash code. Information about the file is stored in the Blockchain database, so it can not be faked.
During the inspection, the unique hash code is extracted from the random part of each file, which is compared between all hosts. If one of the hoster has hash codes that are different from the others, the files are considered modified or deleted, so hoster is excluded from this file network by downgrading, and a copy of the newly created file in the next random storage occupant. If the number of copies of the file is insufficient or a copy has been forged, a new copy of the original file is automatically created for the new hoster.
All formulas take into account the further increase of the MMR token cost and assign it to the file owner the actual cost of storage does not grow.
If you are interested and want to know all the latest information from this MEMORITY project, you can directly see all the links below :
WEBSITE : https://memority.io/
WHITEPAPER : https://memority.io/docs/whitepaper_memority.pdf
TWITTER : https://twitter.com/frvrty
FACEBOOK : https://www.facebook.com/mmority/

Author: https://bitcointalk.org/index.php?action=profile;u=1636885