Module is developing a platform that will allow users to rent spare memory on their computers or other devices – including smartphones and tablets – that can be used as part of a blockchain, for any data storage purpose.
The company's innovative software hopes to address problems inherent in existing blockchain services – excessive power consumption and tacit centralization – by allowing even users with low-powered hardware to host a portion of the blockchain as part of a cloud system. The company is also releasing its own cryptocurrency, the MODL token, that will be required to access its platform.
Module is the work of a medium-sized team based in Japan; its six executives are managing a team of nine engineers, and the team has decades of software development and management experience between them.
Though the company has a presence on most popular social media sites, it has not yet gained a large audience; its Facebook, Twitter, and Telegram pages have fewer than 100 followers combined. The company also hasn't received any press from websites, aside from those that gather information about upcoming ICOs.
However, the company is less than a month old at time of writing, so it will likely gain more attention as its ICO approaches and its platform nears completion.
The PCSN (P2P Cloud Storage Network), which made client-side encryption possible, enables a user to transmit and share data without having to rely on a third party’s storage space. The elimination of central control can alleviate problems such as traditional data errors and power cuts, while significantly increasing security, privacy and data control. Earlier, the P2P network was not suited for building a storage system. With this system we solve the inherent problems by implementing direct payment (Suggested solution) – (Method similar to the response verification system).
This will enable data authenticity to be checked on a regular basis, and compensation to be
paid for the data stored in PEER. Module also propose an address access model and independence in this system, as well as the ability for the nodes to aggregate.
The POSTT decentralized storage network can perform data storage and data transfer (downloading etc.) functions across two markets. The two markets are the data storage market and the data service market. A client and a miner determine the service price, form an ORDER in the market, and process each ORDER. This market is developed by POSTT, which includes both POS (Proof of Space) and POTT (Proof of Time and Transaction). Users will be able to store their data safely for any period of time they want. Finally, miners will support the blockchain by generating new blocks, and the opportunity for miners to earn rewards for exerting influence on the new blocks will be proportional to the storage space, time, and the number of transactions currently provided to the network.
Module's primary product is a blockchain-based data storage platform that allows anyone to act as a “miner” (data host) using their computer’s spare memory. The system isn't necessarily aimed at end users, but rather at software developers who could use it to handle the back-end for a wide variety of applications.
internal testing will start from October 2018. The beta version will be distributed to users in December, after the completion of testing. The official release in Google Play and App Store is scheduled for January.
one of the features of our project is that a token holder = MODL user. The beta version of the MODL application will be distributed to the users who purchased a MODL token during the ICO. The more activity on the application, the more value of MODL to be distributed. Influencers will be used to propagate the App and acquire users. Press releases will begin in the Asian region from August 2018.
MODULE is suitable for storage of sensitive information because its distributed storage keeps data in fragments in many different places. It can be used to store information that should be kept secret from others. In particular, by storing information in a distributed store like MODULE, one can enhance information security through “secret sharing”. In other words, if sensitive information is divided into fragmentary pieces of information and stored in separate places, information cannot be reproduced with only one fragment, but if several pieces are gathered, the information can be reproduced.
This Secret Sharing method will be used in blockchain, and to build secure cloud storage for the safe storage of sensitive information.
The technique for concealing documents recorded in blockchain through the management of secret sharing keys has already been developed. One obstacle to utilizing blockchain to handle sensitive information was the fact that information on blockchain must be disclosed to the entire community of users. However, by combining blockchain technology and secret sharing, one can expect higher security and convenience. In this way blockchain can be used in various fields such as finance, distribution, in the supply chain, official document management, etc.
Token Name: MODULE
Token Symbol: MODL
Token price: 0.008 USD
Platform: ERC-20
Accepted Currencies: ETH
Hard cap: 30 Million
Soft cap: 5 Million
Module's platform offers an interesting option for blockchain-based applications; most programs that use this technology depend on a relatively small community of users running powerful hardware, and ultimately fail to achieve the decentralization that they claim. Programmers interested in creating decentralized applications certainly ought to consider Module's platform upon its release, so long as it attracts enough hosts to operate smoothly.
Investors curious about the MODL token should carefully read the company's whitepaper, which explains the platform's architecture in great detail, and observe its demand among software developers. Investors should also consider that they won't see any return for at least several months, since the product is still early in its development.
Website: https://modltoken.io/
Whitepaper: https://modltoken.io/doc/whitepaper_en.pdf
Facebook: https://web.facebook.com/moduleproject/?_rdc=1&_rdr
Twitter: https://twitter.com/MODULE_Project
Telegram: https://t.me/module_project
LinkedIn: https://www.linkedin.com/company/module-project/
Author : Daniwahyu007
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