New Data Storage Platform Intends To Become The Safest Way Of Storing Information Online

A new blockchain-powered data storage platform, Memority, is aiming to provide "The most secure ever developed" solution for anyone looking to safely store sensitive data.

The modern world continues to shift more and more information from physical to online storage.

A detailed breakdown of all of the differentiating factors of Memority is available on their website.

Their white paper states that the mission of Memority is to "Create a self-sufficient ecosystem that includes many applications to meet the needs of businesses, government organisations and individuals in the ultra-secure storage of all kinds of valuable data." In order for the platform to work, users around the world will provide memory from their computer hard drives to act as independent repositories.

Their incentive for doing so is the aim to connect the maximum number of "Ordinary computer users" as possible with the Memority system, thus maximising the number of independent repositories available.

The platform will be powered by the Memority specific crypto token, MMR, using the smart contacts system.

The team has highlighted that "5 percent of all payments for data storage will be distributed between miners who take part in block creation", further incentivising users.

The idea for Memority came to the team in 2016, platform development began in 2017, and progress has been steady up until the recent release of the working alpha version, which is available now for users to test from the Memority website.

The Beta release is planned for July 2018, and the fully finalised Memority 1.0 platform is scheduled to be live by March 2019.The ICO begins on May 16 and will conclude on October 1.

A detailed breakdown of token distribution and money distribution following the token sale is available on the Memority website.