Binance announced on Monday that it would list JasmyCoin (JASMY) on its platform. The exchange will also open trading for JASMY/BNB, JASMY/BTC, JASMY/USDT, and JASMY/BUSD trading pairs on November 22, 2021. A data marketplace project Jasmy enables customers to sell their data generated from the Internet of Things (IoT) devices to other businesses. The team also created its native utility token, JASMY. The latter serves as the payment currency within the Jasmy data platform.
Jasmy aims to provide the infrastructure which will allow any customer to use data safely and securely. The team is currently developing the Jasmy Platform. According to the company, a small number of giant platformers in the global market possesses valuable data generated from our everyday life. However, the Jasmy Platform will ensure the protection of each individual’s data. As a result, everyone will be able to use their data safely.
To realize its goal, the team has uniquely combined Blockchain and IoT technology. It will provide the optimal platform solution for customers and various industries worldwide. Japan has already made a name for itself for manufacturing high-quality products. Jasmy plans to offer the same. In building its platform, the company is developing its business from a manufacturer’s perspective while simultaneously striving to become a market innovator.
People sometimes call the current century “the century of data.” It’s evident that humans, machines, and information are building new relationships. And with information comes power. The team firmly believes that Jasmy will help Japan take a leading role in creating such a world.
The company plans to an IoT platform, which will be suitable for the idea of a Jasmy Decentralized Data Democracy. Thanks to the Jasmy Platform, it will endeavor to accelerate the use of data. It will also instill the concept of data democracy. Data democracy is essential for a society where companies and individuals can provide data to each other without stress or hesitation and do that not only for their own benefit but also for the common good of the society.
Jasmy aims to achieve the two objectives: the security of all data about an individual, such as IDs, application logs, and data from IoT devices in their usage, maintenance, and storage; the convenience for companies to utilize data in a wide-ranging manner, but only if authorized by the respective individuals.
The team believes that data that contributes to individuals, companies, and the whole society needs a place where its value can be recognized. And it aims to build such a place. Moreover, it will offer users to become part of a democratic decision-making community in a decentralized world. The company will also provide a neutral environment where all kinds of businesses, organizations, and individuals, giving them access to utilize the data generated and developed from the Jasmy Platform. As a result, this platform will boost innovation and create new value for the future.
The customers of the Jasmy platform will have digital lockers in the distributed storage to hold their data. In these lockers, the company will store and manage important personal data or IoT device data. However, users will determine to whom and to what extent they will share their data. They will also have complete control over the necessary scope and duration when providing their data to others.
Get the latest economy news, trading news, and Forex news on Finance Brokerage. Check out our comprehensive trading education and list of best Forex brokers list here. If you are interested in following the latest news on the topic, please follow Finance Brokerage on Google News.