Dr. Stuart Parkin and colleagues at IBM have recently published a paper in Science introducing a new type of storage technology dubbed ‘racetrack memory’.

The memory uses something called spintronics which uses the storage of bits generated by the magnetic spin of electrons rather than their charge to identify each as “on” or “off”. This new storage solution offers some advantages over the most popular current options. It’s faster than traditional hard disk drives and has a lower failure rate since there are no moving parts.