Memo Storage Invited to the China Blockchain Industry Summit

The 9th China SME Investment & Finance Expo and Financial Exchange Expo was held in Beijing National Convention Center on Sep. 10th, 2021. Leaders from related state ministries and commissions, scholars and professionals, entrepreneurs from top 500 companies and representatives of the blockchain industry from different regions attended the expo.

The 12th Deputy Chairman of the CPPCC, former Chairman of the ACFIC, Chairman of the CASME, former Deputy Director of the NDRC, former Mayor of Shenzhen Li Zibin gave a wonderful opening speech.

One of the highlights of the expo is placing blockchain on the agenda for discussion for the first time. Blockchain Industry Summit was held in the meantime. Memo Storage was invited. The summit analyzed and discussed the blockchain policy in 4 sub-forums, they are blockchain government administration and value internet, NFT & Metaverse, digital finance, privacy computing and distributed storage. Memo Storage joined NFT & Metaverse forum and gave a keynote speech MEFS enables NFT storage with permanence and security.

NFT & Metaverse are another innovation of blockchain technology. They’re also development of practical applications of blockchain technology. In the sub-forum NFT & Metaverse, Liu Quan, the Dean of CCID Blockchain College mentioned in his speech: There are 3 phases of blockchain development, the 1st is distributed storage, the 2nd is DeFi, the 3rd is NFT & Metaverse.

As an innovator and leader of blockchain cloud storage, Memo Storage has witnessed the development of blockchain from distributed storage to NFT & Metaverse. Nonetheless, storage is an important foundation of NFT & Metaverse development. The unique feature of NFT made it popular in the art collection market, benchmarks the traditional art market. A lot of creators and investors flock in and have expectations on its circulation value. Even though the smart contract has solved the permanent ownership affirmation. Storage has become its biggest blockage in its value circulation as metadata and media data of most NFTs’ centralized storage methods can’t ensure security and reliability.

With regard to the issues of NFT value circulation and storage, Memo Storage has implemented a breakthrough on security and persistence. The project was initiated in Sep. 2017 by Memo Labs. The R&D team is composed by world-class experts, engineers and doctors who own many exclusive patents in the storage field.

MEFS is the MEMO file storage system. The blockchain-enabled system is able to connect massive global edge storage devices. It conducted several upgrades and innovations on redundancy, verification and recovery mechanisms including data slicing, redundancy mechanism, an original RAFI technology with a fast open verification mechanism. Multiple innovations improve system security, reliability and availability. MEFS can store and read data within seconds, carry out ZB level scalability and storage persistence. The system boosts up NFT secure and persistent storage service and offers a basis for its value circulation.

Currently, Meta Storage, a project based on Memo Storage has announced a strategic partnership with NFT China, the Chinese leading NFT platform. Memo Storage also welcomes all the NFT platforms, talents and collectors that seek secure and stable storage to use the service of Memo Storage.

Besides NFT, Memo Storage will enable more secure and persistent data storage and assist the steady development of digital construction. Data will play a crucial part in the economic and social activity as a productive factor in the coming digital construction current.

In the meantime, open test Phecda, the 1st phase of the Memo Storage test network is ongoing. Anyone with idle server resources and hoping to rent for profit can take part in as the role of Provider to provide storage space, please click . User role will be open for test shortly. Learn more about test network on .

In the meantime, open test Phecda, the 1st phase of Memo Storage test network is ongoing. Anyone with idle server resource and hoping to rent for profit can take part in as the role of Provider to provide storage space, please click . User role will be open for test shortly. Learn more about test network on .

MEMO, decentralized cloud storage for the future.