In the wave of blockchain technology, the monetization of data and the intelligence of AI are becoming new engines driving social progress. MEMO, as an innovative decentralized storage platform, not only guarantees users’ data autonomy but also provides a strong data support and computing foundation for the development of AI.
1. What is MEMO?
MEMO is a user-centric decentralized storage platform that provides users with a secure, efficient and open data storage and transaction environment through advanced blockchain technology.
MEMO allows users to choose to make their data public to specific groups or keep it private based on their needs and preferences, and at the same time, the platform also provides a marketplace environment where users can monetize their data by trading data or participating in data-driven services for additional revenue.
The ecosystem of MEMO covers cloud storage, DePIN, Layer2 solutions, DA, middleware, etc.; At the same time, it also provides data support for the development of AI. MEMO can provide diversified and high-quality data resources to meet the needs of AI training and analysis. In addition, globally dispersed computing resources also provide computing power support for AI.
2. Technology of MEMO
The technical architecture of MEMO is an elaborate layered system that stores key data and smart contracts on the blockchain, such a design ensures transparency of the data while providing a solid security foundation for the network. Off chain, MEMO optimizes performance and cost, and large amounts of data are stored and managed efficiently. In addition, MEMO achieves seamless connectivity with mainstream public chains such as Ethereum through advanced data middleware and interoperable protocols, which greatly enhances the scalability of the network and the mobility of data, allowing users to flexibly transfer and trade data across different blockchain ecosystems.
In terms of data security and privacy protection, the MEMO platform adopts advanced encryption technologies such as ZK zero-knowledge proof to ensure the security and privacy of user data, while allowing users to benefit from data sharing and transactions under the premise of protecting their personal privacy.
With ZK technology, MEMO allows the verifier to confirm the existence and attributes of the data without exposing the data itself, significantly enhancing data security and user privacy protection. The application of this technology makes MEMO platform suitable for a variety of scenarios, including but not limited to DID verification, RWA, etc., which plays a crucial role in promoting the openness and value realization of data.
In the field of AI, the technical architecture of MEMO not only provides a reliable and efficient data processing platform for AI systems, but also provides a solid data foundation for the development of AI. Through the layered architecture and cross-chain interoperability of MEMO, AI applications have access to a wider and more diverse set of data resources, while data security and privacy protection technologies ensure data compliance and user trust in the AI training process. This provides an ideal environment for the innovation and development of AI, which promotes the application and breakthrough of intelligent technology in various fields.
3. MEMO’s ecology
MEMO has a multi-level data ecology, from the underlying technology to the upper application, forming a comprehensive data service network.
3.1 Underlying Network
The underlying networks include MemoMegrez, MemoLayer and Meeda, among others, which provide a solid technical foundation and an efficient data storage solution for MEMO.
3.1.1 MemoMegrez network
MemoMegrez is the underlying storage network of MEMO, which utilizes advanced distributed storage technology to provide users with a safe, reliable, and efficient data storage solution. The design of MemoMegrez focuses on the persistence of data, through redundant storage and data sharding technology, to ensure that data integrity and availability can be maintained even in the case of partial node failure. In addition, MemoMegrez also has a self-healing function that can detect and repair data corruption or loss in a timely manner, thus providing users with a storage environment where data is almost never lost.
3.2.2 MemoLayer Extension Scheme
MemoLayer is the Layer2 extension solution in the MEMO ecosystem, which significantly improves the throughput and efficiency of the system by optimizing the transaction processing power of the network. MemoLayer’s design allows transactions to be processed quickly while reducing transaction costs, which is particularly important for application scenarios that require large-scale transaction processing. MemoLayer also supports the execution of smart contracts, providing developers with a flexible development environment that makes it possible to build complex decentralized applications (DApps) on the MEMO platform.
3.3.3 Meeda data availability
Meeda, for its part, focuses on data availability solutions for Ethereum. With Meeda, Ethereum’s Layer2 especially Rollup solution is able to store data on the MEMO network, while only the index and proof of the data are stored on-chain, which guarantees the integrity and availability of the data while significantly reducing the storage cost. The implementation of Meeda relies on advanced data availability sampling and challenge mechanisms, ensuring the fast verification and retrieval of data.
These three underlying technologies work together to provide a solid foundation for MEMO’s entire ecosystem. MemoMegrez ensures the security and reliability of data storage, MemoLayer boosts the network’s transaction processing capabilities, while Meeda optimizes data availability and retrieval efficiency. The combination of these technologies enables MEMO to provide users with a comprehensive, efficient and secure data storage and transaction environment, providing strong support for a variety of application scenarios.
3.2 Service Layer
At the service layer, apps such as Mark, Grid and DataDAO are built on top of MEMO, providing users with rich data services and management tools. Mark serves as a CDN network platform to help users and creators distribute content and generate revenue; Grid provides a decentralized computing power network that allows users to share and leverage computing resources; DataDAO democratizes the management and sharing of data through its decentralized autonomous organization.
3.3 Application Layer
Upper-layer applications such as Drive3 provide users with convenient data storage and access services, enabling individuals and enterprises to take full advantage of the MEMO network. As a decentralized storage solution, Drive3 simplifies the process of data storage and retrieval and improves data accessibility and security.
4. Application scenarios of MEMO
With its decentralized storage and data processing capabilities, MEMO platform presents a rich diversity of application scenarios. From personal data management to enterprise-class solutions, from community building to AI training and analysis, MEMO is used in many fields to provide customized services for different needs. These scenarios not only demonstrate the powerful flexibility of MEMO technology, but also highlight its potential in driving technological innovation and solving real-world problems. Here are a few key areas of MEMO’s application scenarios:
4.1 Personal and enterprise digital management
MEMO provides a secure environment for individuals and businesses to store sensitive digital assets, including identity data, financial records, medical files, legal documents, and trade secrets and intellectual property.
In addition, for digital assets generated in Web3 scenarios, MEMO can also provide storage and transaction services. Users have full control over their data and can make their own decisions on how to access, share or monetize it.
4.2 Rollup Data Availability Guarantee
Rollup technology, part of the Layer2 solution, significantly increases blockchain processing speed and reduces costs by optimizing transaction processes. In the application scenario of MEMO, Meeda provides a solid guarantee for the data availability of Rollup scheme. The mechanism of Meeda is implemented by storing key data indexes and proofs on-chain, while storing the data itself on-chain. This approach not only reduces the burden on the main chain, but also significantly reduces the transaction fees for users.
In the process of sampling row verification, the system regularly randomly samples the data stored under the chain and asks the storage provider to show proof of the existence of the data. This mechanism ensures the integrity and availability of data, while avoiding the unnecessary need for all data to be stored on the chain in full. Sampling verification reduces the costs associated with data storage and the efficiency of verification by reducing the amount of data on the chain.
In addition, Meeda’s fine-grained access control ensures that only authorized users can access specific data, enhancing data security. In terms of data recovery, Meeda’s design allows for quick recovery in the event of off-chain data loss or unavailability, guaranteeing the stability and reliability of the Rollup scheme. Through the integration of Meeda, Rollup enables high-performance data storage while maintaining data security and cost-effectiveness.
4.3 Decentralized Community Building
With the MEMO platform, users can easily create and join decentralized communities that not only facilitate the sharing of information and resources but also ensure the transparency and immolability of all data. In these communities, members are able to achieve autonomous management through smart contracts, guaranteeing the fairness and transparency of the decision-making process. At the same time, smart contracts can fairly allocate community resources, incentivize members to contribute, and enhance social capital by establishing a reputation system. The decentralized community building of the MEMO platform provides users with a safe and open social environment that promotes global cultural exchange and knowledge sharing.
4.4 Cross-link Bridge and Oracle network
The cross-chain bridge technology based on the data middleware protocol in the MEMO system allows users to seamlessly transfer assets and data between different blockchain platforms, break the barrier between blockchains, and achieve asset liquidity and data interoperability. Cross-chain bridge ensures the security of cross-chain transactions by locking the assets on the original chain and releasing the equivalent amount of tokens or assets on the target chain.
The Oracle network is another useful scenario for MEMO data middleware, which provides a secure and reliable way for smart contracts to obtain and verify data from outside the blockchain. This data, which could include price information, live events, weather data, etc., is critical to the functioning of many smart contracts. Prophecy machines collect data through a series of decentralized nodes, then encrypt it to ensure its authenticity and integrity, and finally transmit the data to the smart contract.
Combining cross-chain Bridges and a network of prophesies, the MEMO platform greatly expands the application scope and flexibility of smart contracts. Users can use the cross-chain bridge to transfer assets to the blockchain that best suits their needs, while using the network of prophecy to ensure that smart contracts can respond to real-world data and events, and the combination of the two will make it easier to deal with complex decentralized applications and automated business processes.
4.5 One-stop AI data cloud
AI data cloud is an important development direction of MEMO ecosystem. By integrating open data resources stored within the ecosystem and utilizing data middleware technology, it provides rich and continuously updated data sources for AI training and machine learning models. The diversity and quality of these data sources are essential for training accurate and efficient LLM models.
Another core advantage of the AI data cloud lies in the globally decentralized network of resource nodes that together make up a powerful computing platform, the Grid computing platform. By sharing and optimizing the utilization of decentralized computing resources, the Grid platform provides the necessary computing power for AI applications, supporting a wide range of needs from complex data analysis to deep learning training.
In addition, the AI data center offers a range of tools and services to help researchers and developers develop and deploy AI applications more efficiently. These tools include the support needed at all stages of data pre-processing, feature engineering, model training, evaluation and deployment. Through these services, AI data cloud not only accelerates the research and development cycle of AI technology, but also lowers the barriers to entry, enabling more innovators to participate in the exploration of the AI field.
5. The goal of MEMO
MEMO aims to build a global decentralized data storage, exchange, and computing network that enables users to have full control over their data and benefit financially from it. At the same time, MEMO aims to become a key data support platform in the field of AI and machine learning, driving technological innovation and industry development.
Through MEMO, we look forward to building a more open, fair, and efficient data world where everyone can benefit from their own data and contribute to technological innovation around the world.
