Yes. MeShare Camera supports both local storage and cloud storage.
Local storage: it comes with a micro SD slot, which supports up to 64GB of micro SD storage. You can choose to record directly to your micro SD card, and copy to your hard drive for backup.
Cloud Storage: cloud storage will be available in the near future.
Recording to mobile device: During live view on your smartphone, you can capture snapshots and video clips. They will be saved directly in MeShare app on your smartphone.