Personal decentralized data storage is about to become a mainstream

Bank of Memories
2 min readMay 12, 2022

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Now, it is becoming more and more popular to take care of personal data, as it is extremely valuable for others to use for commercial purposes. That is why we encourage you to use decentralized data storages to protect yourself from hackers and losing valuable information.

Examining global tendencies, we see that the modern world strives to satisfy the needs of privacy. This tendency is going to continue. Hence, the demand for personal decentralized data storages will increase. We highlighted several reasons for it:

  • New Web promotes decentralization, privacy and security.
  • Growing risk of cyberattacks or bans in social media
  • Covid-19 changed the way we live. Most companies continue working online and saving all the information on the internet. It needs to be saved and protected properly.

Why is it reasonable to choose decentralized data storage?

  • It is encrypted. It is spread and copied among many microservers that do not have access to your data unless you open it with your unique key. It means that nobody, except you, has access to data.
  • Users manage all data transactions themselves.
  • Decentralized storage is completely secure and reliable, as long as all information is being copied many times and is not saved in one place.

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Bank of Memories
Bank of Memories

Written by Bank of Memories

Mobile application for the whole family. Build a family tree, send messages to the future, create a digital monument and etc. Powered by blockchain technology

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