Data is growing at an incredibly rapid rate. By 2020 it is estimated that every second their will be 1.7 megabytes of new data created per person.
Storing that data securely will be a major challenge. Financial and medical data alone will be something that almost everyone will want to both preserve and protect.
Achieving this in a way which is cost effective and safe is something that Memority wants to help with.
Memority is an innovative new startup in the blockchain space. Memority plans to deliver a decentralised platform where anyone can securely store their data.
Data stored on memority will have multiple copies. Each of these copies will be stored in different locations, all independent, across the globe.
The Memority monitoring system will periodically check to ensure that there is alway a sufficient number of copies available. If this number of copies drops too low then more copies will be made.
Each of the files on the Memority system will be encrypted with a private key. This private key will only be available to the owner.
Memority Token Sale
To fund the development of the Memority platform there will be a token sale. Memority tokens (MMR) will be offered at a price of $USD1. The Memortiy token sale will have a soft cap of $5 million and a hard cap of $85 million.
Read more about the Memority token sale here:
Memority Website: https://memority.io/
Memority Whitepaper: https://memority.io/docs/whitepaper_memority.pdf
Memority Twitter: https://twitter.com/frvrty
Memority Facebook: https://www.facebook.com/mmority/
Memority Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3952669