With the onset of the Internet, despite the various opportunities that it provided, we have lost control of keeping our data just to ourselves. Our world and the economic landscape have changed and grown, but one thing has remained persistent: Large corporations facilitate and eventually control our access to the internet through their centralized systems.
The introduction of decentralized blockchain technology on the scene has presented an alternative to our known centralized model. Exactly where JasmyCoin (JASMY) enters the picture. The philosophy of JASMY is built on data democracy. It aims to return the data within the control of the owner. With Jasmy, the owner owns the data.
Jasmy Crypto is based on the ERC-20 standard. The token can also be used by a number of individuals along with various businesses to transfer tokens using digital devices as proof of value exchange services. As JASMY has not limited its usability, it can have a wide range of purposes.
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On October 26, 2021, on the Japanese exchange BITPoint Japan the ERC-20 standard token, JASMY was launched. The founding team of JASMY consists of Kunitake Ando (representative director), Kazumasa Sato (president & CEO), Masanobu Yoshida (vice-president & CTO), and Hiroshi Harada (CFO).
The JASMY platform is dedicated to creating and maintaining the infrastructure necessary for data owners to store, access, exchange, and also use their own data securely and safely. The network provides the services through the power of the latest blockchain technology of its IoT platform.
The decentralized blockchain technology of JASMY creates an efficient and democratic process as data is gleaned from IoT devices, stored in data cabinets, and protected with security. The Jasmy Crypto blockchain sorts out data according to its quality and quantity, with a scale ranging from “small data,” referring to individual data contained on devices, to “platinum” or valuable data.
Additional Read: Crypto Price Prediction
Users usually share personal data with firms via smartphones or IoT devices in exchange for various services. As a result, users may often feel uncomfortable thinking if their activity is being watched or have doubts about the aim of the data’s use. All these concerns lead them to think about the invasion of their privacy given they provide their personal data to firms blindly. And in the end, these lead to privacy concerns amongst users. JasmyCoin is dedicated to providing solutions for these same problems.
Use these three-step processes to buy your first JASMY Crypto using the CoinDCX crypto investment app
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].
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