Key info (August 9, 2022)
- Circulating Provide — 4,754,930,780
- Whole Provide — 50,000,000,000
- Sector — Web of Issues (IoT) and Knowledge Democratization
- Token Kind — ERC-20 Native
- Token Utilization — Governance and Utility
- Consensus Algorithm — N/A
- Launch date: 26.10.2021
- All-time excessive — $4.99
- ATH Date — 16.02.2021
- Market Cap — $47,435,957
What’s JASMY?
JASMY is a blockchain protocol constructed on the Ethereum community devoted to increasing information democratization within the Web of Issues (IoT). By combining superior encryption, distributed information storage, and blockchain know-how, JASMY is facilitating new connections between human-derived info and rising Web3.0 environments. The JASMY ecosystem makes use of an ER-20 governance and utility token, JasmyCoin, for each community and dApp capabilities.
In an period the place most consumer information is managed by 4 main tech corporations, JASMY seeks to revert that energy dynamic again within the consumer’s favor. Whereas ideas of the metaverse are nonetheless of their nascent levels, JASMY is making an attempt to dam a few of surveillance capitalism’s extra pernicious qualities from taking root within the subsequent wave of on-line expression. Half firewall, half digital storage unit, JASMY is pioneering information sovereignty for these invested in proudly owning their very own information.
Core use instances of JASMY
In some methods forward of its time, JASMY is meant to work in tandem with real-world and metaverse environments to seize and protect consumer information. By combining information from good units and different IoT infrastructure with choices made on-line, on-chain, and within the metaverse, JASMY provides customers a whole profile of their very own information to make use of at their very own discretion.
Private information collected within the JASMY ecosystem is saved in “digital lockers” accessible solely to the consumer. Referred to of their white paper as a “Decentralized Knowledge Democracy,” the whole thing of the JASMY ecosystem is a secure haven for customers to acknowledge the worth of their very own information. Within the spirit of producing new visions and improvements for the longer term, JASMY empowers people to wrest management from Huge Knowledge and assert a stronger presence within the rising Web3.0 surroundings.
The Points that JASMY fixes
With the rise of Huge Knowledge, 4 main tech corporations have metastasized to manage the majority of on-line exercise. Google, Fb, Amazon, and Apple get pleasure from immense revenue margins by leveraging unmitigated entry to consumer information. Whether or not it’s delicate biometrics from a smartphone or watch, shopper preferences, or information exhaust from location providers, all of it may possibly and will likely be monetized, usually with out consumer consent.
Moreover, community infrastructure itself has made these caches of consumer information susceptible to leaks and hacks. When methods depend on monopolized, centralized places, delicate information like username/password combos and different figuring out info is made susceptible to dangerous actors. Not solely is private information being siphoned off and used for revenue with out consumer consent, it’s additionally warehoused improperly, placing customers at larger threat.
How does JASMY work?
That’s why JASMY is searching for to return information sovereignty to the folks. With the metaverse arms race in full impact, JASMY is carving out a secure area for customers to generate information throughout an array of good units, on-line providers, and dApps with out shedding their autonomy. In flip, customers can choose how, when, and what to share with third events or peer-to-peer throughout the community. JASMY achieves these capabilities by deploying Safe Information Communicator (SKC) and Sensible Guardian (SG) know-how.
Safe Information Communicator (SKC)
SKC is the community’s core service because it permits key options of the JASMY ecosystem. With the intention to transition from an enterprise-dominated association to a customer-oriented posture, JASMY opts to present customers full management of the data they share with the community. Staying true to their aversion to centralized methods, JASMY shops all consumer information, together with figuring out KYC info in every consumer’s digital locker. That manner, from the second customers start interacting within the JASMY ecosystem, they instantly begin retaining management of their very own info. Customers obtain distinctive codes to entry their info and have the facility to control the place and when their info is shared. From right here, SKC spirals outward to dovetail with one other essential piece of community infrastructure: Sensible Guardian.
Sensible Guardian (SG)
The place SKC works to guard and index consumer info, SG facilitates safe connections between consumer information and units related to that consumer. As soon as SKC runs Know Your Machine, or KYM, an authentication program, consumer information is seamlessly transferred from throughout good units and saved of their digital locker. This helps guarantee good units, home equipment, automobiles, properties, or another node within the IoT can set up a safe reference to the community ought to the consumer search to allow entry.
