Memority: A storage platform you can trust!

About Data Storage-

If you ever buy a cellphone, the most integral feature that you usually search for, is the memory capacity. Be it a selfie, an app or a document, data storage is essential in our daily lives. We have a world of documents, IDs, certificates, photographs, audios, videos and so on to use and retrieve. Informational resources, educational resources, entertainment resources, all need a suitable data storage platform to be accessible. From big companies that need to store data of every employee and profiles of various consumers and their requirements, to web services that require personal data of their users, or a small shop that needs to store the list and value of supplies he buys, every individual requires a safe and secure storage device.

Storage Devices-

Storage devices became a popular aspect when the computers were invented. But before the commercialisation of computers, storage devices existed, but they were not much in use. The first ever storage device was the magnetic tape, invented in the early 20th century, which allowed gramophone and radios to be a success. People could listen to news, audios and record them at the same time. Then came the most basic version of our hard disk, to be used in the first computers that developed in mid 1900s. Gradually that gave rise to the floppy disk, the old grandfather of our modern DVD. Data storage devices kept on improving and developing as time passed and as the needs of the people kept changing along with their demands.

The floppy disks gradually got obsolete and was replaced by the CD. It saw its up and downs and it is still a reliable source of storage for a lot of people. There were many variations of CD that came to existence and each of them was dominant during its period. Now DVDs have surpassed CDs in their storage capabilities. At the same time, pen drives, memory cards, and external hard drives were also invented, modified and commercialised. But the need for a storage that was not physical and required to be carried everywhere was sought.

About Cloud Storage-

The answer came in the form of cloud storage. Cloud storage is a form of digital storage platform that allowed you to store data and retrieve it across multiple devices. It's infrastructure is highly virtual and based on cloud computing. The idea of cloud storage was developed in the 90s but became more prevalent with the Amazon Web Services, and gradually, a popular method of storage. It was easy to upload files to the cloud through the internet and have them accessible at hand via any device. We only needed to pay for the storage we used and it relieved us from physically bulky storage hardware.

Demerits-

However, very efficient cloud services have seen various data threats like forgery and hacking of sensitive data. After millions of people used these services, news of personal information of various popular figures being leaked and publicized by hackers from cloud storage platforms was broadcasted. This made people aware of the shortcomings of cloud storage.

About Memority-

Considering the issue at hand, Memority establishes a decentralized platform to provide a safe, secure, transparent and trustworthy cloud service by integrating blockchain and smart contracts to its ecosystem. The use of blockchain ensures encryption of data, which can only be decoded by the user having its key, that is, the owner of that data. The payment for the cloud services would be made in the form of MMR Tokens, the internal cryptocurrency of the ecosystem. However, users willing to contribute their storage space to the blockchain powered cloud can enjoy the services of Memority for free. This cloud service can help businesses as well as individuals secure their sensitive or important data with ease.

Conclusion-

Thus, Memority is an initiative that tries to inculcate the security of blockchain to the much need digital storage platform to provide people a place where they can store their data without the fear of it getting lost or mishandled. With a competent team backing the idea, it will surely gain popularity.

Website - https://memority.io/

Whitepaper - https://memority.io/docs/whitepaper_memority.pdf

ANN - https://bitcointalk.org/index.php?topic=3952669

Telegram - https://t.me/memority

Published by - jessicalaurenbt

Profile - https://bitcointalk.org/index.php?action=profile;u=1936052