JasmyCoin JASMY
About
What Is JasmyCoin (JASMY)?
JasmyCoin (JASMY) is a cryptocurrency project of a Tokyo-based Internet of Things (IoT) provider Jasmy Corporation. As a system, the Internet of Things includes mechanical and digital elements endowed with an identifier and the ability to transmit data. The IoT company Jasmy specializes in buying/selling data, and the Jasmy platform connects two categories: service providers and data users.
The Jasmy platform was built to restore and protect the sovereignty of individual data by combining IoT technology with blockchain technology and giving users full control over their personal information. The main goal of the project is to establish a secure environment on the platform where users can exchange data in a trustless manner between IoT devices (computers, cars, phones) and decentralized protocols.
The mission of Jasmy developers is to create an environment by shaping an infrastructure where users can easily, safely and smoothly use data. As a result, Jasmy aims to provide its users with a powerful infrastructure, an intuitive interface and a secure environment for storing and sharing data. In the Jasmy space, information can be transformed into personal assets.
Jasmy decentralizes the workflow with edge computing and storing data on IPFS (InterPlanetary File System). The philosophy of the project is based on the democratization of data using a decentralized model, where data is securely protected and owned by an owner, and service providers get the opportunity to promote their services/business using data (owned by users).
Who Are the Founders of JasmyCoin?
Jasmy was founded in April 2016 in Tokyo by several former Sony executives including Kunitake Ando (Representative Director of Jasmy & Former President and COO of Sony Corporation), Kazumasa Sato (President & COO at Jasmy and Former CEO of Sony Style.com Japan Inc.), Masanobu Yoshida (Deputy President & CTO at Jasmy, retired as of December, 2021), and Hiroshi Harada (CFO at Jasmy & Executive Financial Analyst at KPMG).
In October 2021, JasmyCoin (JASMY) was launched on the Japanese exchange BITPoint Japan. $JASMY is an ERC-20 token that powers the Jasmy platform, acts as the main utility token of the network and plays a vital role in building the entire Jasmy ecosystem.
The project has partnered with major players in the digital industry, among them: Transcosmos, Panasonic and VAIO.
What Makes JasmyCoin Unique?
In the digital age, Jasmy is addressing the following challenges:
The Jasmy platform guarantees its customers confidentiality and gives them the right to manage their own personal data. With Jasmy, users send information via IoT devices to companies in exchange for services in a secure manner;
Jasmy offers a data processing policy in which the information-gathering of customers is carried out properly, excluding information leakage;
The Jasmy network ensures a decentralized infrastructure where data management is built on security and trust.
Thus, the JasmyCoin project is trying to support the highest possible level of safety and security of the market, and the active use of IoT devices helps to reduce fraud.
How it works: user data is kept in a secure storage of personal data. The Jasmy network uses IPFS (InterPlanetary File System) 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, and it’s possible afterwards to track transactions and manage data. At this stage, investors/companies receive permission to use the personal information of the owners. And with the help of the Smart Guardian (SG) service, IoT devices are securely registered.
How Many JasmyCoin (JASMY) Coins Are There in Circulation?
JasmyCoin (JASMY) is a utility token that keeps the network running, it’s deployed on the Ethereum blockchain and operates as an ERC-20 token.
JasmyCoin is the only currency of the Jasmy network, and the main use of the token is to pay for personal data from IoT devices. Customers can use JASMY purchasing products on the platform, as well as to protect information. Due to JasmyCoin, users have access to any data from the storage.
JasmyCoin has a maximum supply of 50B coins with 4.75B $JASMY in circulation, as of May, 2022. The total supply of JASMY is distributed as follows: 48% to the ecosystem fund, 27% to investors, 20% to contributors and the community and 5% to an incentives program.
JASMY did not have an initial coin offering (ICO) event.
How Is the JasmyCoin Network Secured?
The JASMY smart contract was deployed on Ethereum in December 2019, and later was audited by SlowMist, a blockchain security firm that provides cybersecurity auditing and protection for digital assets, leading exchanges and crypto wallets; the certificate is available here.
JasmyCoin is a Japanese cryptocurrency that fully complies with the legal requirements of Japanese legislation, which strictly regulates transactions with cryptocurrencies and is subject to all kinds of financial audits. Jasmy also claims to be a legal platform that is subject to official registration. This aspect gives the JASMY token a role similar to shares/securities. Jasmy may be held liable in case of exposure of investors and users' savings. For such violations, Japanese law may revoke the license and call for liability.
Where Can You Buy JasmyCoin (JASMY)?
As of May 2022, JasmyCoin (JASMY) is listed on a number of crypto exchanges, so it's currently available for purchase on the following platforms: Huobi Global, Binance, Coinbase Exchange, Gate.io, KuCoin, Bitfinex, Bybit, Bittrex, Kraken, Binance TR, LBank, MEXC, ZB.COM, Crypto.com Exchange, Phemex, Uniswap (V3), Tokocrypto, WazirX, Deepcoin, Bitrue, XT.COM, BTCEX, CoinEx, CEX.IO, Pionex, BKEX, Hoo, Bitget, BitForex, Nominex, CoinTiger, LATOKEN, Hotcoin Global, Billance, Mandala Exchange, BingX, Decoin, Hotbit, Jubi and DigiFinex.
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AI Analysis
What is the JasmyCoin (JASMY) cryptocurrency good for? What are its main use cases?
JasmyCoin (JASMY) is a cryptocurrency designed to support the Jasmy Platform, a decentralized data-sharing ecosystem focused on privacy, security, and IoT (Internet of Things) applications. Here are its main use cases:
1. Secure Data Sharing & Privacy Protection
- JasmyCoin enables secure and private data exchange between individuals, businesses, and IoT devices.
- Users can sell or share their data while maintaining control over their personal information.
- The platform ensures end-to-end encryption and compliance with data protection regulations (e.g., GDPR).
2. IoT & Smart Device Integration
- JasmyCoin is used in IoT ecosystems to facilitate secure communication between devices.
- It helps in automated transactions (e.g., smart home devices, industrial sensors) without relying on centralized servers.
3. Digital Identity & Authentication
- The platform supports self-sovereign identity (SSI), allowing users to verify their identity without third-party intermediaries.
- JasmyCoin can be used for secure login, authentication, and access control in various applications.
4. Decentralized Applications (DApps) & Smart Contracts
- Developers can build DApps on the Jasmy blockchain for data management, IoT automation, and privacy-focused services.
- Smart contracts enable automated, trustless transactions within the ecosystem.
5. Token Utility in the Jasmy Ecosystem
- Staking & Governance: JASMY holders can participate in network governance and earn rewards.
- Transaction Fees: Used to pay for data transactions, storage, and computational services.
- Incentives for Data Providers: Users who contribute data to the network can earn JASMY as rewards.
6. Cross-Border Data Transactions
- JasmyCoin facilitates global data sharing while ensuring compliance with local regulations.
- Businesses can securely exchange data across borders without intermediaries.
Conclusion
JasmyCoin is primarily useful for privacy-focused data sharing, IoT applications, and decentralized identity solutions. Its ecosystem aims to create a secure, transparent, and user-controlled data economy, making it valuable for individuals, businesses, and developers in the IoT and blockchain space.
Would you like more details on any specific aspect?
What blockchain does JasmyCoin use? Is it its own blockchain or built on top of another?
JasmyCoin (JASMY) operates on its own blockchain, known as the Jasmy Platform. This blockchain is designed to support decentralized identity management and data sharing, aligning with Jasmy's focus on personal data protection and IoT (Internet of Things) applications.
Key Details:
- Native Blockchain: JasmyCoin is not built on top of another blockchain (like Ethereum or Binance Smart Chain). Instead, it has its own independent blockchain infrastructure.
- Purpose: The Jasmy Platform aims to provide a secure, decentralized ecosystem for managing personal data, particularly in IoT and smart city environments.
- Consensus Mechanism: The blockchain uses a Proof-of-Authority (PoA) consensus model, which is more centralized but ensures faster transactions and lower energy consumption compared to Proof-of-Work (PoW) systems.
Additional Notes:
- JasmyCoin was initially launched in 2018, and the blockchain was developed to support its ecosystem.
- The token (JASMY) is used for transactions, governance, and access to services within the Jasmy Platform.
If you're looking for technical details or the latest updates, checking Jasmy's official documentation or whitepaper would be helpful.
Is JasmyCoin programmable? Does it support smart contracts or decentralized applications?
As of my latest knowledge, JasmyCoin (JASMY) is not programmable in the traditional sense and does not natively support smart contracts or decentralized applications (dApps).
Key Points:
Blockchain Type:
- JasmyCoin operates on a private blockchain (Jasmy Platform), which is primarily designed for data security and privacy rather than general-purpose smart contract functionality.
- Unlike Ethereum, Solana, or other smart contract platforms, JasmyCoin does not have a built-in virtual machine (like EVM) for executing decentralized applications.
Use Case:
- Jasmy focuses on secure data sharing and IoT (Internet of Things) applications, particularly in Japan.
- It is more aligned with data ownership and management rather than decentralized finance (DeFi) or dApp development.
Potential for Future Development:
- While JasmyCoin currently lacks smart contract capabilities, blockchain projects can evolve. If Jasmy were to integrate smart contract functionality in the future, it would need to implement a new layer or upgrade its blockchain architecture.
Alternatives for Smart Contracts:
If you're looking for a blockchain with smart contract support, consider platforms like:
- Ethereum (ETH)
- Solana (SOL)
- Polygon (MATIC)
- Cardano (ADA)
- Avalanche (AVAX)
Conclusion:
For now, JasmyCoin is not programmable in the way that supports smart contracts or dApps. Its primary use case remains data security and privacy rather than decentralized applications.
Would you like details on how JasmyCoin's privacy features work instead?
How fast are JasmyCoin transactions? What is the typical confirmation time and throughput (transactions per second)?
JasmyCoin (JASMY) operates on the Jasmy Platform, which is built on a private blockchain designed for IoT (Internet of Things) data management. Here’s an overview of its transaction speed, confirmation time, and throughput:
1. Transaction Speed & Confirmation Time
- Typical Confirmation Time: JasmyCoin transactions are generally confirmed within a few seconds to a few minutes, depending on network conditions and the specific use case (e.g., IoT data transactions).
- Block Time: The exact block time is not publicly disclosed, but Jasmy’s blockchain is optimized for low-latency transactions in IoT environments.
2. Throughput (Transactions Per Second - TPS)
- Estimated TPS: Jasmy’s blockchain is designed to handle hundreds to thousands of transactions per second (TPS), depending on network load and optimization.
- Comparison: While not as high as some high-throughput blockchains (e.g., Solana or Algorand), Jasmy focuses on secure, low-latency transactions for IoT data rather than mass consumer transactions.
3. Factors Affecting Speed
- Private Blockchain: Jasmy’s blockchain is permissioned, meaning transactions are validated by trusted nodes, which can improve speed and security.
- IoT Optimization: The network is optimized for machine-to-machine (M2M) transactions, not necessarily for high-frequency trading or DeFi applications.
4. Comparison to Other Blockchains
| Blockchain | Avg. TPS | Confirmation Time | Use Case |
|---|---|---|---|
| JasmyCoin | ~100-1,000+ | Few seconds to minutes | IoT Data Management |
| Ethereum | ~15-30 | ~15 seconds (L1) | Smart Contracts |
| Solana | ~2,000-65,000 | ~0.4s | High-Speed DeFi |
| Algorand | ~1,000 | ~4.5s | Scalable Payments |
Conclusion
JasmyCoin transactions are fast and optimized for IoT, with confirmations typically within seconds to minutes and a throughput of hundreds to thousands of TPS. However, exact metrics may vary based on network conditions and specific implementations.
Would you like details on Jasmy’s consensus mechanism or how it compares to other IoT-focused blockchains?
How much data can I store on the JasmyCoin blockchain? Does it support on-chain data storage?
JasmyCoin (JASMY) is a blockchain platform focused on data privacy and security, primarily designed for the Internet of Things (IoT) and personal data management. However, its capabilities for on-chain data storage are limited compared to dedicated storage-focused blockchains like Filecoin or Arweave.
Data Storage on JasmyCoin Blockchain
On-Chain Storage Limitations
- JasmyCoin's blockchain is not optimized for large-scale data storage. Like most traditional blockchains (e.g., Bitcoin, Ethereum), it primarily stores transaction data and smart contract code rather than arbitrary files.
- The blockchain itself has a limited storage capacity per block, and storing large datasets would be impractical due to high costs and inefficiency.
Off-Chain Storage with JasmyNet
- JasmyCoin is part of the Jasmy ecosystem, which includes JasmyNet, a decentralized data management platform.
- JasmyNet allows users to store and manage personal data off-chain (in a decentralized manner) while using the blockchain for authentication, access control, and data integrity verification.
- This hybrid approach ensures scalability while maintaining security and privacy.
Smart Contracts & Data Anchoring
- Jasmy supports smart contracts, which can be used to anchor data hashes (e.g., IPFS hashes) on-chain for verification.
- This is a common method for proving data existence without storing the actual data on-chain.
Comparison with Other Blockchains
| Feature | JasmyCoin | Ethereum | Filecoin | Arweave |
|---|---|---|---|---|
| On-Chain Storage | Limited | Limited | No (Off-Chain) | Yes (Permanent) |
| Smart Contracts | Yes | Yes | No | Yes (SmartWeave) |
| Decentralized Storage | JasmyNet (Off-Chain) | IPFS, Swarm | Yes (S3-like) | Yes (Permanent) |
Conclusion
- For small, critical data (e.g., hashes, metadata), JasmyCoin’s blockchain can be used.
- For large datasets, JasmyNet (off-chain) is the recommended solution.
- If you need permanent on-chain storage, consider alternatives like Arweave or Filecoin.
Would you like details on how to integrate JasmyNet for decentralized storage?
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