JASMY represents a new-thought integration of blockchain technology and IoT (the Internet of Things), aiming to revolutionize how personal data is managed, protected, and valued. It offers a platform that empowers users with complete control over their personal data, ensuring that it can be securely shared and monetized on their terms. By leveraging blockchain and the extensive connectivity of IoT devices, Jasmy aims to set new standards for data sovereignty and user privacy.
At its core, Jasmy is about transforming the way personal data is perceived and utilized. It aims to establish a secure environment where data is not just bits of information but a valuable asset that individuals own and control. The Jasmy platform is designed to provide users with powerful tools for data storage, sharing, and monetization, all within a secure framework that integrates seamlessly with IoT devices.
The operational mechanism of Jasmy is centered on its innovative use of blockchain and IoT technologies to provide a secure, somewhat decentralized data management system. Here's an extended look at its functionality:
Data Management: Jasmy leverages distributed ledger technology (DLT) where data transactions are recorded securely and transparently. This ensures that data can be shared or sold without the need for intermediaries, enhancing privacy and security.
Personal Data Locker (PDL): At the heart of Jasmy’s data management solution is the Personal Data Locker (PDL), a secure storage space where individuals can store their personal data. The PDL empowers users to take full control of their data, deciding who can access it and under what terms.
Security Knowledge Communicator (SKC): To facilitate secure data transactions, Jasmy introduces the SKC, a tool that enables the encrypted sharing of data between devices and platforms. Users must verify their identity to activate their SKC, ensuring a high level of network security and trustlessness.
IPFS for Data Storage: Jasmy utilizes the InterPlanetary File System (IPFS), a peer-to-peer hypermedia protocol, for storing data across a distributed network of nodes. This approach ensures data redundancy and availability, reducing the risks associated with centralized data storage.
Smart Guardian (SG): To further enhance security, Jasmy incorporates the Smart Guardian service for IoT devices. SG allows for the secure registration of devices within the network, safeguarding them from unauthorized access.
Launched by a team of former Sony executives in Tokyo in April 2016, Jasmy was conceived to address the growing concerns over personal data security and sovereignty. The founding team envisioned a platform that enhances the security of data shared across IoT devices and returns data ownership to the individual. Jasmy’s official launch on the Japanese exchange BITPoint Japan marked its entry into the crypto space.
The JASMY token functions as the lifeblood of the Jasmy ecosystem, facilitating various transactions and interactions within the platform. It serves as the primary medium for data transactions, enabling users to buy, sell, or access services using their personal data. Additionally, the token is used for securing the network, rewarding users, and incentivizing participation in the Jasmy ecosystem.
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