Jasmy is a platform that was built to recoup and protect the data sovereignty of the individuals within the network. The system mixes the conventional internet of things technology with protocols operated on its blockchain to deploy a system where people can retain control and security over their data. Normally, with centralized systems, the data is collected first, then analyzed before being monetized. However, the operations on the Jasmy network are a little unorthodox. The decentralized blockchain used by the system is specifically designed to protect the data of its participants, while also arming them with absolute control over the usage of the data and the modes by which iI can be alienated. Users of the platform are also allowed to store their data in a secure system known as Personal Data Locker; a structure maintained via the distributed storage system of the Jasmy network.
The Jasmy ecosystem makes use of an interPlanetary File System which essentially is a combination of Security Knowledge Communicator with Smart Defender technology. The Smart Guardian system is one of the innate services required for the smooth operation of the Jasmy protocol in its registration of IoT devices on its distribution network while also limiting access to only the owners of the devices. The SKC system on the other hand is majorly a mix of identity verification and registration that allows users to authorize and also trace specific transactions via their data. Companies, organizations, and all other bodies that want to access any data owned by an individual must have the owner’s permission before they can be granted access. The SG system also has a function that enables interaction between the devices themselves and the owners. It also allows them to be able to store, manage or deploy the data on their devices inside the blockchain.
Who are the Founders of JasmyCoin (JAS)?
The Jasmy system was specifically designed to bring about solutions to a variety of problems that have been discovered in the data protection line within the blockchain industry. The platform was co-created by a group of information technology experts namely; Kunitake Ando, Kazumasa Sato, Masanobu Yoshida, Tadashi Morita, and Hiroshi Harada. One thing all of the founding partners have in common is that they all served Sony in different capacities and have proven to be experts in managing the system.
Ando, for starters, is a graduate of the University of Tokyo and has served in executive positions across several corporations including The University of Nagano, and then in 2000 as the president of the Board at Sony. Sato is also a largely respected professional in the tech world with links to several top platforms in the industry. He served as the chairman of the BJIT group, before the establishment of the Jasmy system.
What is JasmyCoin (JAS) used for?
The Jasmy system facilitates the creation and maintenance of the required infrastructure that allows data owners to store, access, or exchange their data in a secure environment. The platform can facilitate the process through the technology used by its IoT platform. The Base modules within the system can communicate efficiently and securely with the IoT devices. It also has a range of applications that gives users the ability to manage and use their data as they please whenever need be.
The decentralized protocol used by the Jasmy system created both a democratic and efficient process where data is gleaned from the IoT devices, then stored in different data cabinets while under guard by the platform’s state-of-the-art security systems. The Jasmy system also sorts data out based on the quality and quantity using a scale ranging from “small data,” which refers to individual data on devices to other larger forms of valuable data known as “Platinum.”
What Is the Unique Point of JasmyCoin (JAS)?
The Jasmy system was designed mainly for the Internet of Things. The IoT or Internet of Things system is available across an array of devices, ranging from cars to computers and phones to even biochip transponders. It is made up of both mechanical and digital items which all have unique identifiers and are capable of data transmission to other endpoints. Several organizations make use of the data obtained from the IoT system to make improvements on the efficiency of their platforms and also improve their bottom lines. While the IoT system aims at enhancing the customer experience all through, its usage comes at a somewhat hefty price, however, the chances for the infringement of privacy are significantly reduced. The large amount of data involved in the system’s use would naturally create leakages in a regular system but due to major protective measures that have been put in place, the system is immune to attacks.
The Jasmy system provides a generally more secure user-friendly environment where data can be used in different transactions depending on the needs of the data owner. While the platform provides these services, its powerful infrastructure also facilitates consumer-focused information which can empower the exchange of private data among users of the network securely and on their specific terms. The system aims to create a space where personal data is converted into assets, such as in the case of NFTs, while all the transactions are being carried out in a decentralized environment.
How many JasmyCoin (JAS) coins are in circulation?
The JAS token was created to be the primary form of payment for all forms of data being traded among participants on the network using IoT devices. Presently, the token is the only valid medium of exchange on the Jamsy network, and its demand has been recently on the rise due to more organizations adopting its use for their data storage. Because of this, the JAS token has become more valuable to the token holders as it can be traded with other kinds of cryptocurrency including USDT and USDC.
Upon the token release, there was a total of 50,000,000,000 JAS coins and of that amount, there is a total of 4,700,000,000 KAS coins in circulation.
Is the JasmyCoin (JAS) Network secured?
The Jasmy system was built under ERC-20 token specifications, and because of that, the system is under the same security protocol as the Ethereum blockchain as a whole.
The network is filled with nodes that are responsible for protecting the platform from any form of fraudulent activity. As a blockchain, Ethereum achieves this level of security through its dedicated proof of stake consensus algorithm. The procedure used here is one where the nodes are required to validate transactions before they can be added to the blockchain. Additionally, the nodes with the highest stakes are the deciding parties on the platform and as such need to make sure the platform is safe as their tokens are tied to its safety.
How do I buy JasmyCoin (JAS)?
The technology and innovation that the Jasmy system brings into play is essentially a combination of versatility and broad use cases. Even though the cryptocurrency market is significantly volatile, the JasmyCoin has many features that uphold it in the ranks of other tokens. Because of this unique footing, it has in the crypto world, the JasmyCoin has gained significant growth that is still ongoing and this has led to more individuals accessing its blockchain through the purchase of its tokens. JAS coins can be bought by the steps below.
- Open an account with the crypto trading platform.
- Transfer a fiat into the crypto account.
- After they will have to wait till the transaction has been approved, they can now buy their JAS tokens.
Which Cryptocurrency Wallet Supports JasmyCoin (JAS)?
The PTPWallet platform supports many cryptocurrencies simultaneously such as JasmyCoin (JAS). Because of its vast use case, it has grown to become one of the most used platforms as it serves as an exchange and an engine to discover other cryptocurrencies. Additionally, users can easily use PTPWallet as their JAS wallet because it offers a simple and interactive interface making it easy for people to navigate its system.