Memority — Decentralized Cloud Storage of Valuable Data on Blockchain

2 min readMay 30, 2018

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.

Memority’s mission is to create a self-sufficient 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.

They create Memority to make reliable and convenient way of data storage in the world. With using blockchain technology, its make data storage more secure with protection from modification, deletion or unpermitted viewing.

Memority platform includes a collection of independent repositories from around the world, which are based on computers of users who have provided a part of the memory of their hard drives for file storage. With memority platform, its allow to distribute this load over a wide network of private computers, providing both data confidentiality and flexible, convenient access to the files.

Competitive analysis of the functionality of storage platforms

The advantages of Memority system in comparison with other solutions

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.