29433
Memority
Encrypted decentralized data storage on blockchain
Estonia
Market: Blockchain
Stage of the project: Prototype or product is ready
Date of last change: 11.07.2018
Estonia
Market: Blockchain
Stage of the project: Prototype or product is ready
Date of last change: 11.07.2018
Idea
Memority is the platform for a completely decentralized, ultra-secure storage of valuable data on the blockchain, which ensures the continued availability of several encrypted copies of data on unrelated storage locations around the world.
Current Status
Users feedback collection, Beta version is going to be released in July
Problem or Opportunity
It solves the problem of safe and secure data storage. Memority is the only company that allows users to store data without worrying that someone else might delete, modify or view it. It does this by encrypting data with a private key, and creating 10 file copies with independent monitoring systems that make sure the data is neither modified or lost.
Solution (product or service)
Memority is the only company that allows users to store data without worrying that someone else might delete, modify or view it. It does this by encrypting data with a private key, and creating 10 file copies with independent monitoring systems that make sure the data is neither modified or lost.
Competitors
Storj, Sia, Filecoin
Advantages or differentiators
1. Files’ hash-codes storage in blockchain for data authenticity verification
2. Complete independence from centralized systems
3. Storage safety and files restoration independent from file owners
4. Material rewards for third-party app developers
5. Decentralized process of file copies checking and restoration
6. High payments to hosters for providing space for users’ files storage
2. Complete independence from centralized systems
3. Storage safety and files restoration independent from file owners
4. Material rewards for third-party app developers
5. Decentralized process of file copies checking and restoration
6. High payments to hosters for providing space for users’ files storage
Business model
Our aim is to create a truly decentralized
platform that will be operated and managed
only by its users. Therefore we can not be a
constant beneficial party, it would either create
unnecessary centralization or even make
us a distinct owner with administrating privileges.
During the early stages our company will
earn 5% from all payments for data storage,
as our apps will be first ones available
to users. But as these 5% are credited to
any developers whose apps are used for uploading
files, with time most of these will be
third-party developers, not us. And this is
exactly how we want it to be, as this way our
platform will be governed by its users and so truly decentralized.
Our team will also benefit from owning tokens,
mining and being able to use our own
platform.
platform that will be operated and managed
only by its users. Therefore we can not be a
constant beneficial party, it would either create
unnecessary centralization or even make
us a distinct owner with administrating privileges.
During the early stages our company will
earn 5% from all payments for data storage,
as our apps will be first ones available
to users. But as these 5% are credited to
any developers whose apps are used for uploading
files, with time most of these will be
third-party developers, not us. And this is
exactly how we want it to be, as this way our
platform will be governed by its users and so truly decentralized.
Our team will also benefit from owning tokens,
mining and being able to use our own
platform.
Money will be spent on
Research and development
Marketing
Administration/operation
Team/advisors rewards
Legal
Marketing
Administration/operation
Team/advisors rewards
Legal
Team or Management
Photos
Product Video
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