The emergence of Sora has allowed AIGC to once again dominate the hot search list in the technology industry. AI and IoT projects in the Web3 field have also seen good news, and the price of JASMY has continued to rise.
Data shows that the price of JASMY has risen from US$0.0059 on February 18 to the highest point near US$0.0188 on February 22, an increase of more than 90%. In recent days, JASMY’s trading volume has ranked among the top three on Bitget exchange. In addition, JasmyCoin contract positions increased significantly by 94.80%, leading the crypto market, tied with AGIX and PROM. Of course, Guarde Wallet recently announced its support for JASMY, which has also provided assistance to this rising market.
So, can we buy JASMY assets at this time? After all, starting from 17:00 yesterday afternoon, JASMY started a concussive downward trend. The following will give readers a comprehensive understanding of this project.
Known as Japan’s national blockchain project, does Jasmy live up to its name?
Jasmy was founded in 2016 in Tokyo, Japan by former Sony employee Kazumasa Sato. It has been focusing on developing and providing data security and sharing services in the Metaverse and Internet of Things (IoT) eras. The vision is to enable users to truly own their own data and manage it according to their needs. Monetize it of your own will. Shortly afterwards, former Sony president Kunitake Ando became Jasmy's CEO in April 2016. As founder of Sony Life and business leader of VAIO and Expedia, Ando created many new products.
Through Jasmy technology, Metaverse applications built on the network can establish a direct bridge for data exchange between each other. At the same time, this application will produce decentralized storage solutions suitable for Metaverse applications.
The Japanese government, which has adopted Web3 as a national strategy since 2022, has also repeatedly emphasized that the Metaverse and NFT will achieve Japan's economic growth, including but not limited to approving a series of reform guidelines for Web3 and establishing a dedicated Web3 minister to promote it. NFTs and DAOs. The country’s favorable policies and the aura of the founding team have made Jasmy a “national blockchain project” in Japan.
Jasmy's vision is to democratize data, mainly through three steps: securely store and control your own data; securely manage your own devices; and provide your own data to others under clear rules. Through these three steps, the user's personal data will be correctly identified and its purpose will be clear.
Last year, the Japanese government further proposed a plan to vigorously develop the AI industry, and Jasmy subsequently launched the Jamsy Grant program to help incubate, accelerate and invest in promising blockchain projects in the Jasmy ecosystem.
Jasmy’s core technical solution: realizing decentralized data management with the help of the Material Network equipment platform
One of the main innovations of JasmyCoin is to provide a centralized data management platform for IoT devices. On this platform, users have absolute independent control over their own data and can share the objects and scope of data. This kind of data sovereignty decision actually not only improves the security and privacy of data, but also empowers users overseas, completely changing the traditional centralized data management model.
JasmyCoin utilizes the tamper-proof and decentralized features of blockchain technology to ensure that the data generated by IoT devices is safe, transparent and non-tamperable. Every data transaction will be encrypted and recorded on the blockchain. The application of this technology, which is automatically recorded through smart contracts, not only provides a secure communication environment for IoT devices, but also provides reliable security for data transactions and sharing. Assure.
Specifically, Jasmy achieves data democratization through two core technologies. The first is Secure Knowledge Communicator, a unique identity verification (KYC) technology. Authenticated individuals can choose to provide their data or have the provided data returned to others. The other is Smart Guardian, a unique device management technology. Through this technology, device information can be understood remotely and in real time and its behavior can be controlled. Combining these two technologies, Jasmy associates devices with individuals, allowing individuals to manage information sent by devices.
Based on these technologies, Jasmy has launched many services such as Jasmy SecurePC and Jasmy Personal Data Locker.
Jasmy SecurePC is a business PC that can be used securely in remote environments. It includes a variety of services: Ghost Drive offers drives that can only be used if an individual is identified. Drive Recorder records the logs of commercial PCs in the blockchain for easy management. It can also be handled remotely and administrators can disable or limit its functionality if lost. The service has been adopted by large financial institutions and call centers in Japan.
Jasmy Personal Data Locker is your own data locker. You can store your own data and make it available to others using the key. The product is compliant with regulations such as GDPR and has been adopted by sports teams and travel companies in Japan.
The market outlook for the AI sector is unclear, and investors still need to be extremely cautious when buying related assets.
It is worth noting that in addition to JASMY, AI-concept assets such as AGIX have also experienced a wave of gains recently, and Sora’s altcoin of the same name has achieved a hundredfold increase. This is due to the capital market's pursuit of the AI track, but uncertainty is still strong.
First of all, it is still unclear whether AI-related technologies can be implemented on a large scale; secondly, the current market market is still in a volatile range, and the future direction of the market is unclear; finally, the crypto asset market sector is rotating very fast, and the current market is generally bullish. It is still unknown whether new hot spots will emerge and take away funds from the AI concept sector.
Therefore, users still need to be highly cautious before deciding to buy AI concept assets such as JASMY.
