Read MEMO’s AI data ecosystem in one article: from DID to ERC-7829
With the launch of the Stage 2 Airdrop Event, the MEMO community has experienced unprecedented growth. Every new user should know that every point you earn is not just a random number, but a true reflection of the value of your data.
MEMO was born to break the data dilemma and build a decentralized AI data network led by you. This network is more than a simple application, it is an efficient and rigorous ecosystem.
Today, we will use an article to comprehensively analyze the core components of MEMO, and take you to understand the full picture of this AI-driven user-centered data blockchain.
I. MEMO Core Ecosystem Components: Building a New World of Data
The MEMO ecosystem consists of multiple interrelated core components, which work together to realize the true value of data.
1. Data Identity System (MEMO DID) — Digital Passport
MEMO DID provides you with a decentralized way to manage and control digital identity and data assets. It uses a dual authentication system to ensure data uniqueness and traceability.
Identity DID: You can realize single sign-on eco-applications by binding multi-chain addresses (e.g. Ether, Solana). Enterprise developers can directly invoke the storage, transaction and arithmetic interfaces without the need for repeated verification. This design simplifies the operation process and provides cross-chain collaboration capabilities.
Data DID: Unique hash identifiers are generated for each piece of data, which, combined with Zero Knowledge Proof (ZK) technology, supports anonymous copyright verification. For example, a research organization can upload anonymized data, while an AI company can verify data compliance through Zero Knowledge Proof, but without having to decrypt the original content. Data DID’s on-chain deposit feature allows infringements to be monitored in real time, reducing response times from months to hours.
2. Data Wallet — Data Safe Deposit Box
This is where your personal data is stored. All data associated with your DID is stored securely and encrypted in your Data Wallet. You have absolute ownership and control of the data and can view, manage or decide whether to authorize others to use it at any time.
3. Data Market — a decentralized data trading platform
Like an online supermarket, Data Market is the core engine of the MEMO ecosystem. Here, you can sell your contributed data as “commodities” to AI developers or researchers at a marked price. Through smart contracts, data transactions become transparent, efficient, and traceable, ensuring that you get a return on every data contribution.
4. Computing Power Platform — Decentralized AI computing power network
The development of AI cannot be separated from powerful computing power. The Computing Power Platform is an AI computing platform based on DePIN (Decentralized Physical Infrastructure Network), which aggregates the world’s unused computing power resources through an incentive mechanism. This means that AI developers can obtain the required arithmetic power at a lower cost and in a more flexible way, breaking the monopoly of traditional centralized cloud services.
5. XSpace — Data Collection Terminal
The core function of XSpace is to collect data from social media and other online platforms by running plugins . It supports mainstream social media platforms such as Twitter, Reddit, Facebook, etc., and can capture text, image and video data in real time. Through built-in AI models, XSpace can automatically label this data.
In the process of data collection, XSpace pays special attention to data quality and user privacy protection. It has built-in multi-layer filtering mechanism, which can effectively remove false information and junk data to ensure the authenticity and reliability of the collected data.
6. ERC-7829 — Data Asset NFT
ERC-7829 is an Ethernet proposal to extend the ERC-721 standard and introduce the concept of Data Asset NFT. The protocol aims to ensure the integrity, availability and access control of data assets on the chain by storing proof and extended metadata.
II. Technical Analysis: How does MEMO ensure safety and efficiency?
Behind these user-visible components is the strong technical support of the MEMO team. These underlying technologies ensure the safety, stability and reliability of the entire ecosystem.
1. MEFS Storage Protocol
You can imagine MEFS (MEMO File System) as a decentralized “super network disk”. It slices your files into countless small pieces and stores them in different nodes of the MEMO network in a decentralized and encrypted manner. This means that no centralized entity can control your files, completely eliminating the problem of data misuse or censorship.
2. Role Design
Each participant in the MEMO ecosystem has clear roles and responsibilities, with User, Keeper, and Provider each having their own role. This fine-grained role design ensures the healthy functioning of the ecosystem and the fairness of the incentive mechanism, so that everyone can get a reasonable reward through contribution.
User: is the consumer of the storage service, making storage requests and uploading data. As the ultimate payer, the User initiates each service request, determines the number of Providers and Keepers, and finds a balance between cost and data security.
Keeper: It is the management coordinator in the system, undertaking the information intermediary and management functions. Its basic function is to summarize the information matching between User and Provider. At the same time, the Keeper regularly challenges the Provider to verify whether it has stored the data completely, and triggers payment based on the challenge result.
Provider: Provider is a storage device provider, providing storage space for Users. after Provider is online, Keeper needs to match suitable Users, and it also has the function of triggering the payment of download fees. In addition, Provider is also the main computing power provider of MEMO computing platform.
3. Proof of Storage
Proof of storage is an authentication mechanism. You can think of it as the “data storage receipt” that a node presents to you. Through cryptographic methods, it proves to you that your data is being stored safely and completely in the network, eliminating the possibility of nodes cheating.
4. RAFI Technology
RAFI (Risk-Aware Fault Identification) is a unique MEMO innovation that acts as a “smart doctor” for the network. It monitors and senses possible risks in the network in real time, such as the imminent failure of a node. RAFI can quickly identify and isolate the faulty node before or at the time of the problem, ensuring data security and service continuity of the entire network.
III. Summary: The Value of MEMO
From DID to ERC-7829, every component and every technology of MEMO revolves around one core goal: returning the value of data to its creators. It’s not just a decentralized network, it’s also a complete infrastructure built for the future of AI and data.
Participate in the MEMO Phase 2 Airdrop: datadid.memolabs.net