Memority is a blockchain-based
platform for encrypted decentralized cloud storage of valuable data. Memority’s
mission is to create a self-sufcient ecosystem that includes many applications
to meet the needs of businesses, government organizations and individuals in
the ultra-secure storage of all kinds of valuable data.
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.
The advantages of Memority
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 stor age 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 pro viding their disk space to users of the Memority platform to store their data.
- Third-party developers - will be able to im plement their ideas and create their own appli cations, using the infrastructure of Memority, and receiving MMR tokens for this.
- Miner - receives rewards in the form of MMR tokens for supporting the working capac ity of blockchain executing their authority (only 10,000 or more token owners can become miners).
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.
- becoming a miner;
- developing applications for Memority platform
SYSTEM OPERATION MECHANICS
Hosters provide a part of their
comput ers’ memory to host files of other users using
Memority application. The data owner uses Memority app to upload data to the system. He can download his files at any time using the same app. Those can be confidential documents, lists, files
with personal information, etc. Due to the use of blockchain technology for storing unique
file identifiers (hash codes), the downloaded data can not be forged or modified. Data security is ensured by encrypting the file when it is loaded into the system with a private 128-bit key, which is stored only by the data owner. Access to the content of the data is possible only with the help of this private key and a password.
Memority application. The data owner uses Memority app to upload data to the system. He can download his files at any time using the same app. Those can be confidential documents, lists, files
with personal information, etc. Due to the use of blockchain technology for storing unique
file identifiers (hash codes), the downloaded data can not be forged or modified. Data security is ensured by encrypting the file when it is loaded into the system with a private 128-bit key, which is stored only by the data owner. Access to the content of the data is possible only with the help of this private key and a password.
The data itself is not stored in
blockchain to avoid overloading the system, only hash codes are stored there.
Deletion protection is ensured by the permanent storage of several data copies
in several independent storages.
Memority platform to build
services that can offer special conditions for handling
data, additional add-ons for working with files online or for corporate use.
data, additional add-ons for working with files online or for corporate use.
When the file is uploaded by the data owner, the following occurs:
- The desired number of hosters is selected from the prioritized list of potential hosters.
- Priority is given to hosters who store their own files in the system, have a better Internet bandwidth, allocate more space for storing user files, have better uptime history, etc.
- File copies are sent to the selected hosters.
- The files upload date, time and the hosters addresses (where the file copies are stored) are written into the user’s smart contract to regularly check the data authenticity in repositories.
- At the same time, copies of the first file monitoring system are created (their number corresponds to the number of file copies). The first monitoring system is an automatic process for authenticating stored data, controlling the availability and recovery of the required number of file copies.
- Copies of the second file monitoring system are created (their number corresponds to
- the number of file copies). The second monitoring system is an automatic process for checking
- the availability and restoring the correct number of copies of the first file monitoring system.
- Six times a day (at random time during 4-hour intervals), the first monitoring system checks the availability and authenticity of all filecopies and restores missing copies on the devices of new hosters.
Memority Info :
· Token : EMT
· PreICO Price : 1.2 EMT = 0.1 USD
· Price : 1 EMT = 0.1 USD
· Bonus : Available
· Bounty : Available· MVP/Prototype : Available· Platform : Ethereum· Accepting : 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.
Bitcointalk username : norainlysProfile link : https://bitcointalk.org/index.php?action=profile;u=1926161;sa=summary
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