IoT Data Revolution Looms as Panasonic and Jasmy Launch Web3 Platform

Is the IoT Data Revolution on the Horizon?

Panasonic and Jasmy have teamed up to create a Web3 platform that connects personal data on the Internet-of-Things (IoT). The platform will be powered by Jasmy's Personal Data Locker, giving users control over their data and offering improved processing and response times.

Speed and Openness: Key to Success?

According to the companies, the platform will leverage agile development methods and Web3 technology, with an emphasis on speed. They plan to make the platform publicly available, inviting wide user adoption and exploring applications in various industries.

Data Security: Blockchain to the Rescue?

Jasmy's Personal Data Locker uses blockchain technology to manage hash values, while data files are stored in a decentralized network. This approach eliminates concerns about storage capacity and large file sizes impacting performance.

Who's Behind Jasmy?

Jasmy was founded in 2016 by former Sony executives and launched JasmyCoin (JASMY) in 2021. It's often referred to as "Japan's Bitcoin." Merchants pay Jasmy to access user data, while data owners receive JASMY as compensation.

Other Jasmy Initiatives

Earlier this month, Jasmy announced the Janction DePIN project, aiming to establish a public layer-2 and AI service hub. The company is also aiming to boost its GPU colony.

Market Impact

News of the platform launch sent JASMY surging by 111% in 24 hours, reaching a high of $0.024 on March 26. Its market capitalization currently stands at $1.1 billion.