Jasmy has created a blockchain platform to safeguard and restore individual data ownership. It combines traditional Internet of Things (IoT) technology with blockchain technology, giving people the ability to keep safe control over their own data.
Within centralized systems, information is gathered, evaluated, and monetized. Jasmy approaches things differently. Its blockchain is distributed and secured to safeguard user information while allowing users to decide when and how that information is used. Users can keep their information secure by storing it in a "personal data locker" provided by Jasmy's distributed storage. The IPFS network deploys a hybrid of the Security Knowledge Communicator (SKC) and Smart Defender to ensure data integrity and confidentiality.
JASMY made its debut on the Japanese exchange, BITPoint Japan on October 26, 2021. The Jasmy team consists of Kunitake Ando (representative director), Kazumasa Sato (president & CEO), Masanobu Yoshida (vice president and CTO), and Hiroshi Harada (CFO).
Some well-known figures in the technology sector have also expressed interest in Jasmy. During the pandemic, Transcosmos, Japan's largest call center, employed Jasmy to protect sensitive company and customer information. Panasonic and VAIO have joined forces with Jasmy to bring their vision of a digitalized society to fruition.
JasmyCoin aims to address a wide variety of problems. For one thing, it increases the market's security as well as safety. The adoption of IoT devices can aid to prevent market fraud and counterfeiting. There is a real demand for these services in areas such as the medical field, where thousands of people die each year as a result of counterfeit drugs.
Centralization: The logistics industry is dominated by large companies. These entities operate without fear of consequence and are often monopolistic. Google, Apple, Facebook, and Amazon set excessive fees and limit competition.
JasmyCoin offers a credible option. Users can save money on fees and enhance their ability to respond and handle when they add these next-generation protocols to their logistics strategy.
Lack of Data: One of the biggest problems that JasmyCoin users try to avoid is a lack of customer data. Companies such as Facebook can use your consumer-related information against you without your consent. JasmyCoin allows you to regain control over your personal data. Users are able to decide which businesses can access their data and are remunerated for providing this valuable data.
Edge Computing: Jasmy's method of data processing involves a decentralized computation model, which differs from the use of a centralized cloud-based IoT platform as a service provider. The equal distribution of data processing can be accomplished by shifting the focus of data toward the outer edges of the network, rather than the center.
Interplanetary File System (IPFS): Jasmy's network and storage rely on decentralized technologies such as blockchain and IPFS to ensure data privacy and security. IPFS is a peer-to-peer (p2p) file-sharing system that may be used to store bigger amounts of data by incorporating IPFS connections into a blockchain.
JasmyNet: JasmyNet is a unique idea that belongs to Jasmy. It is a network environment that only approved member companies can access. This provides a safe space for the network's participants to enter information, keys, hashes, and other records into the blockchain.
JasmyCoin, also called JASMY, is the ERC-20 governance and utility cryptocurrency token for the Jasmy network. JASMY was created on Ethereum and can be used in many different ways.
Giving rewards and encouraging players in Jasmy games.
Purchasing in-game items from the metaverse, such as lands, weapons, and consumables.
Staking in liquidity pools to mine liquidity and earn token payouts.
Using JASMY to access information stored in Jasmy data storage.
Voting on proposals to participate in the governance mechanism of Jasmy.
DATE NEWS/EVENTS IMPACT 21/11/2021 Binance will list Jasmycoin +54% Increase 21/10/2021 Witz joins the Jasmy initiative, increasing the Platform's overall strength +75% Increase
Jasmy's blend of technology and innovation is what makes it an exciting and versatile project. Even though the cryptocurrency market can be unstable, JasmyCoin stands out for a number of reasons, including the continued growth of the Internet of Things (IoT) and the flexible and secure products that Jasmy offers to handle private data. The strong partnerships with Panasonic, VAIO, and Transcosmos, along with the coin's listing on the majority of major exchange platforms, provide some assurance against the possibility of fraudulent intent. With the future heading toward a digital society, JASMY could be giving us signs of a promising rise to come.
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