MEMORITY: CREATING A DECENTRALIZED DATA STORAGE SYSTEM

4 min readJul 17, 2018

The datas of every establishments is often regarded as their life thread. This is because the stored data of any business organisation or institution houses the entire secrets, tools and vital informations that keep the ball of the organisation rolling. So if proper care of these data are not taken, the downfall of such a business is inevitable. For instance, if a bank’s customer transaction data which contains the private informations of all their customers and all transactions done is lost, then the bank is in for a disaster. So in order to prevent the dilemma which results from the loss of personal data, attention should be given to the safe protection of our datas anywhere and at anytime. So therefore, efficient data storage and safety can be made a reality by Memority platform.

INTRODUCING MEMORITY

Memority, which is a blockchain base platform, is the new solution to the protection of data of individuals, businesses, private and public institutions. With the aid of memority, everyone with the issues relating to the storage or safety of their private informations would find solace for their problems. All encrypted data on the blockchain can be perfectly stored on the Memority platform due to its ability to combine its cloud storage solution with the leading blockchain technology. With these features, the Memority platform will be more than able to provide an absolutely secured system and enhance better performance and usability. Users however, will benefit the most from this platform because it would prevent third parties from getting access to personal information and even the developers of memority wouldn’t be able to access users data, thus creating a unique way of securing and storing our data.

More so, the MMR token which serves as a means to carryout all the services done on the platform would make users actively engaged with the ecosystem. This native token is a very important part of the ecosystem that would make users interact well with the platform.

In the Memority ecosystem, a special provision is made for people to effectively store all their personal data without having to worry about its prolonged safety on the platform. Although some believed that , the design and operation of Memority is almost the same as that of the cloud storage services of other agencies, however, it differs, in that memority possesses many features which makes it distinct. So the platform provides a permanent measure of data storage irrespective of any physical damage or disaster, and it also ensures that the data stored on it are safe and can be easily accessed from any part of the world as long as the user haven’t forgotten their passwords to the data files on the blockchain.

Therefore due to this platform’s profound and exceptional abilities to ensure the safety of vast number of data, this platform is regarded as one of the best global storage facility simply because it uses many state-of-the-art-technology in its function.

This platform is a good news to all the individuals and agencies that would love to keep all their data safe and well protected. All users should however keep it in mind that in order to fully access the unique features of the platform, payment for the charges would be made through the use of the MMR token and at the same time, all users must subscribe to get the storage facilities.

MEMORITY TOKENOMICS

The Memority platform has its own token called MMR, but users will only be able to purchase the Ethereum based Token called EMT durinv the public sale. It will also be used as a reward system for miners on the platform. Once the platform launches, holders of EMT will be able to exchange it for MMR at a 1:1 ratio.

WORKING PRODUCT

Another advantage the Memority has over other platforms asides from its excellent vision, is its product. As at April, the team launched the Alpha version of the Memority storage platform. The team members are very hardworking and they strive to keep up with the roadmap while producing excellent results.