MNgts is a blockchain-based storage application that allows users to encrypt and store a variety of alphanumeric data on a decentralized network. The user data is securely stored on a peer-to-peer network (IPFS) which also ensures that it is only accessible to the designated recipient upon a predetermined inactivity trigger.
MNgts is a Decentralized Application (DApp). The MNgts mobile app acts as an interface between the user and the backend blockchain technology. The MNgts mobile app may be downloaded from the Google Play Store or the Apple App Store. The user sets up the “Smart Designation Repository” with MNgts Token acting as a “key”. The user then defines a pre-set inactivity period based on the MNgts mobile app, for example, 30days or 90-days. When the MNGTS mobile app recognizes inactivity, the MNgts Ethereum Smart Contract is triggered, and the private data will be automatically gathered and transferred back to the named designated receiver.
Once the private data is entered onto the MNgts platform, the data will be fragmented, replicated, encrypted, and distributed across the decentralized network via FSDLT Peer-to-Peer Protocol. The decentralized network of nodes is made up of organizations or individuals that are using MNgts’s repository services. Files stored are encrypted with AES1024- a military-grade, state-of-the-art encryption program.
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