What is JasmyCoin? JasmyCoin (JASMY) is a cryptocurrency project developed by Jasmy Corporation, a Tokyo-based Internet of Things (IoT) provider. The Jasmy platform strives to restore and protect individual data sovereignty by integrating IoT technology with blockchain technology. This allows users to have full control over their personal information. The primary objective of JasmyCoin is to create an environment where users can exchange data between IoT devices and decentralized protocols in a trustless manner. The JasmyCoin token, an ERC-20 token, powers the Jasmy platform and plays a crucial role in building the entire Jasmy ecosystem.
How does JasmyCoin work? JasmyCoin operates by decentralizing the workflow with edge computing and storing data on the InterPlanetary File System (IPFS). The platform's philosophy is based on the democratization of data using a decentralized model, where data is securely protected and owned by an owner. Service providers can promote their services using data owned by users. User data is kept in a secure storage of personal data. The Jasmy network uses IPFS technology, which consists of the Security Knowledge Communicator (SKC) and Smart Defender. To activate SKC, users need to go through the registration and identity verification stage, after which they can track transactions and manage data. Show Less
