What is Jasmycoin (Jasmy)?
Jasmy focuses on developing internet of things (IoT) products with the help of edge computing and the InterPlanetary File System (IPFS), which consists of the Security Knowledge Communicator (SKC) and Smart Defender to enable effective data storage.
The company’s mission is to decentralize the management and sharing of sensitive information through the use of “personal data lockers” on the Jasmy network. Individuals can use these lockers to store, manage, and monetize their own personal data. Thanks to these secure storage lockers, users have control over who can access their personal data and can share it with companies.
Jasmycoin is an Ethereum-based digital asset. It serves as a payment medium for retrieving personal data from IoT devices and also carries functionalities of the network's utility token.
If you wonder what the price of Jasmycoin today is, look at the interactive chart above. It provides extensive information on how the Jasmycoin token is doing in the cryptocurrency market.
What Technology Stands behind Jasmy?
Jasmycoin's overriding purpose is to create a secure environment where users can exchange data between IoT devices and decentralized protocols in a trustless manner. Essentially, Jasmy offers people an opportunity to monetize their personal IoT data, while fostering a data democracy.
The Jasmy platform is built upon blockchain technology. Blockchain ensures that data remains immutable and transparent, making it an ideal solution for handling sensitive information. The Jasmy network also employs the latest advancements in IoT to facilitate data collection and communication between devices.
How Does the Jasmy Platform Work?
The Jasmycoin platform allows users to upload and manage their personal information, decide which companies can access their data, and earn rewards in the form of Jasmy coins for data sharing. Instead of letting big corporations monopolize the profits, this approach enables individuals to seize control of their data and reap its benefits.
The platform's core principle is to democratize data through a decentralized model, ensuring secure ownership by data owners. Service providers can leverage user-owned data to promote their services, which is securely stored in personal data storage. Here are some of the key components of the Jasmy IoT Platform:
IoT Devices
IoT technology is essential for Jasmy Coin's technology stack, facilitating trustless data exchange among IoT devices and decentralized protocols. It utilizes edge computing and IPFS to ensure secure data management and storage. IPFS, the InterPlanetary File System, enables decentralized data storage solutions through content addressing, ensuring efficient access to files, websites, applications, and data.
Jasmy offers IoT devices that enable the collection and transmission of data. These devices are equipped with sensors and communication modules, allowing for seamless integration into existing systems. By providing these devices, Jasmy removes the burden from client companies, enabling them to quickly adopt IoT technology.
SKC (Secure Knowledge Communicator)
SKC plays a crucial role within the Jasmy IoT Platform because it allows for the secure and efficient management of personal information. This element of the Jasmy ecosystem lets individuals control their own information, including the decision of whether or not to provide it to corporations.
As SKC comes with functions like personal authentication, distributed data management, and data traceability, individuals can have full control over their data. To get started with SKC, users need to go through the registration and identity verification stage, after which they can track transactions and manage data.
SG (Smart Guardian)
Another core service offered by Jasmy is SG. It allows for the secure registration and storage of IoT gadgets. Using a blockchain network, individuals can safely send and receive measured data and remote control commands. The Smart Guardian ensures that only the owning user has access to the devices and their respective data.
What is the Jasmycoin Token?
Jasmycoin is the native digital asset of the Jasmy platform. It serves as a utility token built on the Ethereum blockchain and facilitates various interactions within the platform ecosystem. Users can utilize Jasmycoin tokens to access services, pay for data exchange, and collaborate with other participants. Jasmy tokens can also be earned through various activities, such as providing data or contributing to the development of the platform.
As for Jasmycoin supply, it has a circulating supply of 49.3B and a maximum supply of 50B.Through our interactive chart, you can see both the current price and price history of Jasmycoin (Jasmy). For example, our Jasmy price chart reflects the lowest price and highest price paid for the Jasmy crypto, as well as the average price at which Jasmy is traded today.
Changelly is the ultimate cryptocurrency exchange platform where, along with accessing the current price of the crypto asset, you can effortlessly exchange, buy, and sell Jasmy coins (and many other crypto currencies).
Our team of crypto experts has also prepared a Jasmy price prediction. It prognosticates the potential behavior of the Jasmycoin price in the years to come based on fundamental and technical analysis of the crypto project.
What Problems Does Jasmy Solve?
Jasmy addresses several critical problems that tarnish the modern digital industry.
To begin with, it tackles the issue of data monopolization by platformers, such as Google, Apple, Facebook, and Amazon. By returning data ownership to individuals, Jasmy disrupts the centralized control of personal information and puts it back in the hands of the rightful owners.
Next, Jasmy addresses the concerns surrounding data security and privacy. With numerous incidents of data breaches and misuse, Jasmy provides a secure framework for data management through the utilization of blockchain technology. This ensures that data remains encrypted, transparent, and resistant to cyber-attacks.
Also, the Jasmy network ensures its customers' confidentiality and gives them the right to manage their own private data. Users can send information via IoT devices to companies in exchange for services in a secure manner. Jasmy also offers a data processing policy, where the process of information-gathering from customers is carried out properly, excluding information leakage.
Finally, Jasmy strives to unlock the economic potential of personal data. By allowing individuals to monetize their data as personal assets, Jasmy creates a new data economy that benefits both individuals and client companies.
Who Created Jasmy?
Founded in April 2016 by several former Sony executives, including Kunitake Ando and Kazumasa Sato, Jasmy is a technology company based in Tokyo. They launched their native cryptocurrency, Jasmycoin (Jasmy), on the BITPoint Japan exchange in October 2021.
Jasmy is an ERC-20 token that facilitates transactions and supports the entire Jasmy ecosystem. The project has established partnerships with renowned digital industry players like Transcosmos, Panasonic, and VAIO.
The Jasmy smart contract was launched on Ethereum in December 2019. It was later audited by SlowMist, a blockchain security firm that audits and protects digital assets for exchanges and crypto wallets.
A Japan cryptocurrency, Jasmycoin observes the legal requirements of Japanese legislation. It complies with regulations governing cryptocurrency transactions and undergoes financial audits. Jasmy is also a registered legal platform. This makes the Jasmy token similar to shares or securities. Jasmy can be held responsible if investors' and users' savings are exposed. Japanese law has the authority to revoke its license and demand accountability for such violations.
Track the Jasmycoin price history since the project’s inception via our chart.
What Is the Current Price of Jasmycoin (Jasmy)?
Are you curious about the Jasmycoin price today? Changelly has got you covered! It is a reputable crypto price tracking service that depicts the ultimate Jasmy price statistics. Our Jasmy-USD price updates in real time, and our handy chart shows the Jasmycoin market cap, recent price change, and live Jasmy price.
Apart from offering comprehensive Jasmy market information, Changelly is also a well-established crypto exchange, where individuals can effortlessly buy Jasmycoin tokens, using fiat money and regular payment methods like bank cards.
To decide if the Jasmy coin is a good investment for you, read our Jasmycoin price forecast that conjectures the potential value movements of the Jasmy token. Yet do not regard our Jasmycoin price prediction as investment advice. Always conduct your own research before you buy, sell, or trade Jasmycoin or any other crypto asset.
