What is JASMY, and is it worth investing in?

(quoted from https://cointelegraph.com/news/iot-to-release-even-more-private-data-but-blockchain-can-help-take-back-control)

JASMY, a Japanese company that develops and provides data security and sharing services in the IoT era — “Jasmy IoT Platform”. Its only token, Jasmy (JMY), is the first Japanese blockchain project approved to list on the Japanese digital currency exchange. It is Japan’s first legal and compliant digital currency, which is of epoch-making significance for the Japanese digital currency market. Moreover, it is one of the emerging projects worth to invest.

1.JASMY company

JASMY is a well-known IoT + blockchain company in Japan. It was established in 2016 in 1–2–3 Aoyama Building, Kitayama, Minato-ku, Tokyo. It mainly provides data security, storage and interaction for the IoT environment based on blockchain technology and other infrastructure services. It is the proposer and practitioner of the concept of Internet of Things + blockchain and one of the first companies to apply blockchain technology to the Internet of Things.

Chairman Ando Guowei, who has served as the president and chief operating officer of Sony Corporation, the president and chief operating officer of Sony Engineering Manufacturing Corporation ( SEMA ), the chairman of Sony Financial Holdings Inc and the chairman of Sony Life Insurance Company, the Japanese Ministry of Economy, Trade and Industry ” apex talent Research ” seat long. He is currently the director of Japan Innovation Network, a general corporate corporation, and the director of Nagano Prefectural University, a public university corporation.

The “Jasmy IoT Platform” developed by JASMY based on blockchain technology will provide Internet-connected data security solutions and technical services for Transcomos, VAIO, Witz and other listed companies in 2021. In addition, it also involves automobiles, healthcare, education. Compared with traditional data service platforms, it has made a qualitative leap in terms of service scope, service methods, and service quality.

2.JASMY Blockchain

What is Jasmy SKC? SKC is data storage and interaction technology.

It has great potential in distributed storage, data interaction, authorization, and tracking, and Jasmy’s patented technologies.

According to different customers’ different needs, SKC technology can be developed based on the Hyperledger Fabric, Corda and Substrate frameworks commonly used in the FinTech field. It can be applied to different blockchain basic systems in the industry.

What is Jasmy personal data locker? Personal data locker is developed based on SKC technology. It is a distributed storage system based on the P2P network. The file data is saved in the distributed storage system through the content address, and the hash value of the file is recorded. On the blockchain, users only need their ID to store data on JasmyNet in a convenient, fast and safe way. The core technology of the personal data locker is the SKC technology mentioned above.

What is Jasmy SG, SG is a distributed authentication technology developed by Sony computer engineer Nao Morita and one of Jasmy ‘s patented technologies.

SG can write the owner’s identification information and the device itself in the device. After multi-factor authentication, the data generated by the device can be correctly bound to the owner, and the data in the distributed network can effectively prevent leakage and tampering. Enables device data to interact with the owner, who can then store, manage or deploy the data on any device within the blockchain-based system.

3.Jasmy Coin

Jasmy Coin is a JasmyNet native Token. It is issued based on Ethereum and fully complies with the ERC20 standard. It has the mature security and processing performance of the Ethereum network. It is one of the essential elements to maintain the regular operation of JasmyNet and the fairness of the economic system.

On January 15, 2022, JasmyCFO tweeted that “Jasmy Coin will be used to exchange personal data soon. By notifying users of the intended use and recording the results on the blockchain, users can safely pass personal data to the company. ” This is going to be a significant positive announcement for people who invested in Jasmy (like the launch of the BITPoint exchange in August last year ), because it means that Jasmy Coin will usher in a commercial deflationary environment. As more and more organizations turn to JasmyNet, the interests in Jasmy Coin will increase, and the currency’s price will grow with it.

The application of Jasmy Coin in the economic system includes but is not limited to:

( 1 ) Enterprises must pay a service fee when using the JASMY platform, and the service fee will be paid in the form of Jasmy Coin.

( 2 ) Enterprises must pay Jasmy Coin as a consideration when using personal information or other enterprise information.

( 3 ) Jasmy Coins obtained when individuals disclose personal information to companies can be exchanged for equivalent goods or services on the platform of JASMY partners.

( 4 ) Access any data stored in the personal data locker.

4.JASMY serves the Internet of Things

Jasmy is designed for the Internet of Things (or IoT ). The Internet of Things includes computers, cars, phones, and even implantable biochip transponders. It includes mechanical and digital items with unique identifiers and can transmit data elsewhere. Organizations use data obtained from IoT to improve efficiency and increase profits.

While IoT promises to enhance the customer experience, it can come at a heavy price and an opportunity for privacy violations. The massive amounts of data involved present significant security risks and lead to information leakage and compliance violations.

Jasmy provides a secure, user-facing environment where data can be stored, saved or exchanged, all based on the preferences of the data owner. With its robust infrastructure and intuitive platform, Jasmy facilitates consumer-centric information, enabling users to exchange their private data on their own terms securely. Jasmy envisions a space where personal data can be turned into an individual asset. In other words, Jasmy returns ownership of your data to you. Essentially, Jasmy aims to democratize data through a decentralized model where everyone’s data is protected as inherently owned.

5.How does JASMY work?

The Jasmy platform creates and maintains the infrastructure data owners need to securely and securely store access, exchange and otherwise use their data. It achieves this through the power of the latest blockchain technology in its IoT platform.

The base module can communicate securely and efficiently with IoT devices. A range of applications enables users to manage and use their data as needed. Jasmy’s decentralized blockchain technology creates an efficient and democratic process as data is collected from IoT devices, stored in data lockers and protected by a distributed security system. Jasmy categorizes data based on its quality and quantity, ranging from ” small data ” (referring to a single piece of data contained on a device) to ” platinum ” (valuable) data.

To gain more information — —

Official website : http://www.Jasmy.co.jp

Twitter : https://twitter.com/Jasmy_league

Telegram : https://t.me/OfficialJasmyUniverse

Facebook : https://www.facebook.com/Jasmyleague/

Medium : https://medium.com/Jasmy-league

GitHub : https://github.com/JasmyCoin/JasmyCoin

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We aim to realize a Data Democracy by building a decentralized, democratic world where data is protected as inherently owned by each individual.

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Jasmy

Jasmy

We aim to realize a Data Democracy by building a decentralized, democratic world where data is protected as inherently owned by each individual.

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