Memority Debuts Decentralized Cloud Storage of Valuable Data on Blockchain
Bitcoin Press Release: Everyone is looking to safely store sensitive data. Hence, Memority comes to the picture. Memority is a blockchain-based platform for encrypted decentralized cloud storage of valuable data. Unlike other data storage platforms, it encrypts the users data with a private key and is protected from accidental deletion. Its main goal is to create a self-sufficient ecosystem that includes many applications to meet the needs of businesses, government organizations and individuals in the super-secure storage of all kinds of valuable data.
At the moment, the problem of reliable and convenient way of data storage is very relevant in the world. Besides application in the financial field, blockchain-based encrypted decentralized information storage technology can be used for long-term storage of secure data, with protection from modification, deletion or unpermitted viewing. The effectiveness and versatility of the Memority platform is ensured by the Law of Metcalf, according to which the network utility is proportional to the square of the number of the network users.
The team at Memority have years of experience in business, blockchain and software development. Their expertise ranges widely from marketing & finance to Java & blockchain development. Memority is led by the CEO Ilya Ratovsky, who after spending many years in the payment processing sector decided to make this full-time as the idea quickly caught steam with investors and consumers alike.
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.
Memority.io made international headlines a couple of weeks ago with news of an ICO Pre-Sale launch and release of their data storage platform. The team holds a vast range of experience in blockchain, web production, financial systems and cybersecurity between them. The Beta release is planned for July 2018, and the fully finalised Memority 1.0 platform is scheduled to be live by March 2019.
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