IBM's revolutionary new memory format

Solid-state (pictured) and conventional hard drives could eventually be replaced by racetrack memory

IBM researchers are working on a new hi-tech form of memory they believe could eventually replace hard drives and flash-based memory altogether.

Based on the recently discovered spintronic phenomena, the new memory format has been dubbed racetrack memory by the IBM researchers working on it and uses tiny magnetic boundaries, known as domain walls, to store data.