Panasonic and Jasmy Join Forces to Build Secure Web3 Platform for IoT Data
Tech giant Panasonic has partnered with Jasmy, an IoT-focused blockchain company, to develop a groundbreaking Web3 platform for managing
Tech giant Panasonic has partnered with Jasmy, an IoT-focused blockchain company, to develop a groundbreaking Web3 platform for managing personal data on Internet-of-Things (IoT) devices. This collaboration, initiated in February but officially announced in March 2024, leverages Jasmy’s Personal Data Locker technology to provide users with secure data storage and control over access.
Focus on Security, Speed, and Openness
The new platform prioritizes secure data storage, allowing users to control who can access their information. Additionally, the development process incorporates agile methodologies to ensure speed and efficiency. Notably, the platform is envisioned as open-source, aiming to attract a wide user base across various industries.
Jasmy’s Personal Data Locker: Core of the Solution
According to Jasmy’s CFO, Hiroshi Harada, the platform will be built within 3-6 months. The Personal Data Locker acts as a central component, functioning as a decentralized database linked to IoT devices. This system enables secure attribution of device information to individuals while granting controlled access to authorized parties.
Jasmy: A Rising Star in Data Sovereignty
Founded in 2016 by former Sony executives, Jasmy has established itself as a leader in data sovereignty solutions. Their JasmyCoin (JASMY) cryptocurrency empowers users to manage and potentially monetize their data through secure “data lockers.” Earlier this month, Jasmy announced the “Janction” project, aiming to create a public layer-2 network using a network of GPUs.
JasmyCoin (JASMY): Potential for Growth
JasmyCoin offers a unique solution for decentralized data storage, addressing the growing concerns around data privacy and ownership. While JASMY has experienced price fluctuations since its launch in 2021, analysts project a potential upward trend, with projections suggesting a trading level around $0.022 at the time of writing. This optimistic outlook is fueled by the growing demand for digital currencies and the increasing acceptance of blockchain technology by institutions and governments.
Technical Analysis: JASMY/USD
Current Price: $0.02243 (down over 2% in the last 24 hours)
Key Levels:
- Resistance: $0.025
- Support: $0.020
Indicators: (Short-term bearish)
- Moving Average Convergence Divergence (MACD): Dipping below the signal line, indicating potential for a downtrend.
- Relative Strength Index (RSI): Currently at 59, suggesting slightly overbought territory.
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