How to define an experience? Well, the answer may vary depending on the person answering it. To a data storage facility, entire world is a source of continuous beaming data points. These data points are filtered and processed by human brain for future or present use. Many companies such as Dropbox and Amazon are the market leaders in the centralized world of data storage. But, there are many challenges in the centralized data storage facilities.
The risk of data theft is higher in the case of centralized data storage as seen in many real-life incidents of data hacks in major corporations. Sensitive information such as personal records of consumers and other valuable information were exposed which resulted in the loss of billions of dollars of the companies. Security of these data storage facilities should be the top priority for the companies and individuals. Digital tools have made our life easier but they have also given birth to many great dangers. There is a need for a new kind of data storage platform which provides security to the data and complete control to the user. Do you think a solution is possible to the challenges mentioned above?
Solution Offered
MEMORITY is the new platform offering decentralized data storage facility to the individuals and corporations. Blockchain technology is being utilized on the platform to provide ultra security to the data stored. Data encryption takes place to provide complete security on the platform. Users can only view their data with the private key. To save users from the sudden or accidental loss of data, the platform makes multiple copies of the data which is then stored at totally unrelated locations.
Data validation, data authenticity and data integrity are maintained on the platform. There are many advantages on the platform such as protection from useless cluttering of data, cryptocurrency payment, third-party support, free data storage availability and complete anonymity. It also offers users a chance to become data hoster by downloading a simple application. Anyone can become the data hoster, and earn cryptocurrency in his wallet on the platform. Cryptocurrency tokens are being paid by the participants who wish to store data on the platform. Proof Of Authority consensus protocol is employed on the platform which consumes less power. Lower fees for the data storage are another key benefit on the platform.
ICO INFORMATION AND TEAM
1,500,000,000 EMT tokens are created for the project in which 57% of the tokens are available for public sale. The public token sale is currently live on the platform until 1st October 2018. the funds will be utilized for the development and marketing of the platform. The team working on the project is experienced in the field of blockchain technology and software development.
Conclusion
We continuously create and store data. Our thirst for data is unquenchable. Increasing storage sizes prove the rapidly expanding nature of data-hungry entities. Business and corporations require huge data storage facilities for the smooth processing of their business goals. Data is the source of all the information and decision making power in the corporation. People need a safe and secure place where they can store their data. Of all the features available on the platform, providing decentralized storage is the best one because it minimizes the risk of theft and hacking. I think that given the rise in the blockchain-based applications in the market, we will see more application in the different fields related based on the blockchain technology.
Many companies have already begun the research and development in the decentralized technology. The concept will become full proof and accepted in the market once the credible and useful applications related to the blockchain technology are launched in the market. What do you think about the different options and services offered by the platform? Are we ready for the new data storage platform?
Website- https://memority.io/
Whitepaper-
https://memority.io/docs/whitepaper_memority.pdf
Telegram- https://t.me/memority
Published By- Kishan748
Btalk Profile- https://bitcointalk.org/index.php?action=profile;u=1027561