JasmyCoin (JASMY): Redefining Blockchain and IoT for Data Sovereignty

JasmyCoin: Overview & Price Prediction 2024-2030

As blockchain and Internet of Things (IoT) adoption continues, Jasmy remains one of the leading projects that bridge the gap between data security, decentralization, and IoT innovation. Founded in 2016 in Tokyo, Japan, Jasmy Corporation is addressing one of the most pressing challenges of the digital age, which is the ownership and management of personal data.

Jasmy wants to return data sovereignty to users and help them securely manage and control their own information. Since the world is currently dominated by centralized systems, with large corporations exploiting user data for profit, Jasmy wants to create a decentralized ecosystem where data becomes a personal asset.

To achieve this, Jasmy uses its JasmyCoin ($JASMY) utility coin, an ERC-20 token built on the Ethereum blockchain. Jasmy became the first legally compliant Japanese cryptocurrency and it has become a symbol of trust and innovation when it comes to decentralized finance (DeFi) and IoT applications.

This review goes through the technicalities of Hasmy, including its technology, use cases, recent developments, and its market potential. This review aims to provide an in-depth understanding of why Jasmy remains a force in the IoT and blockchain domains.

Background

Jasmy Corporation was established back in 2016 in Tokyo, specializing in the development and maintenance of the Jasmy IoT Platform, which integrates blockchain with IoT for data storage and sharing purposes.

The company operates under the leadership of professionals with extensive experience in the field. The Representative Director is Knutake Ando, who was the former President and COO of Sony Corporation. The current President and COO of Jasmy is Kazumasa Sato, who also was the CEO of Sony Style in Japan. Last but not least, the company’s CFO is Hiroshi Harada, who was previously involved with KPMG. 

Over the years, Jasmy received important certifications to showcase its efforts in compliance, and it has secured several strategic partnerships with major corporations in the tech sector. The company is certified under ISO/IEC 27001, ensuring security measures in its blockchain and IoT operations, and had a smart contract audit by SlowMist, one of the leading blockchain security firms. Jasmy also aligns with GDPR requirements by giving users full control over their data and ensuring explicit consent for data usage.

In terms of partnerships, Jasmy has partnered with Panasonic and VAIO to create advanced IoT solutions. It partnered with Transcosmos for data security purposes during the pandemic. Jasmy also became the official sponsor of Sagan Tosu (J1 Soccer Team), where they launched initiatives like Fan Tokens.

Jasmy’s vision is clear: create a future where data sovereignty exists and democratize data to empower individuals to own, manage, and control their personal information.

JasmyCoin (JASMY)

JasmyCoin (JASMY) is the native utility cryptocurrency of the Jasmy IoT Platform, which powers the decentralized ecosystem of Jasmy. As an ERC-20 token, the coin plays a huge role in Jasmy’s goal toward data sovereignty while maintaining ethical ways to access user data for businesses.

Tokenomics:

• Total Supply: 50 billion JASMY tokens.
• Circulating Supply: Approximately 49.39 billion tokens (as of November 2024).
• Distribution:
  • 48% allocated to the Ecosystem Fund.
  • 27% reserved for investors.
  • 20% for contributors and the community.
  • 5% dedicated to an incentives program.
• Unlike many cryptocurrencies, JASMY did not conduct an Initial Coin Offering (ICO), ensuring a fair and transparent launch.

As the sole utility token, it is also used for payments, data lockers, trading, and incentivizing platform participation.

1. Data Sovereignty: Users can securely store and manage personal data in their Jasmy lockers.
2. Incentives: Companies purchasing user data must pay using JASMY, giving users a direct benefit for sharing information.
3. Payments: JASMY can be used for purchasing products and services within the Jasmy ecosystem.
4. Access Control: It grants access to personal data stored in Jasmy’s decentralized storage system.
5. Integration with IoT Devices: Facilitates secure registration and communication between IoT devices.

Currently, JasmyCoin is actively traded on major cryptocurrency exchanges, making it accessible to a global audience. Some of the most important platforms include Binance, Coinbase, KuCoin, Huobi Global, Kraken, Gate.io, etc. JASMY can also be traded using fiat currencies like the Japanese Yen and the US Dollar, making it very accessible. 

Jasmy’s Technology

Jasmy uses several core technologies to make sure that the integration of blockchain and the Internet of Things is seamless and maintains decentralization. 

Blockchain Integration

Jasmy’s blockchain network enables a decentralized and trustless ecosystem for managing personal data. By storing data on the InterPlanetary File System (IPFS), Jasmy ensures that information is immutable, secure, and under the control of its rightful owner.

Blockchain immutability prevents unauthorized alterations, enhancing data security and trust in the system.

Edge Computing

Unlike centralized IoT platforms, Jasmy utilizes edge computing, where data is processed closer to its source rather than relying on a central server. This architecture reduces latency, enhances security, and ensures efficient data processing.

The distribution of data across network edges minimizes risks like hacking and data loss while allowing localized autonomous operations.

Secure Knowledge Communicator (SKC)

SKC is a core component of the Jasmy platform, allowing users to securely manage their data. Key features include:

• Identity Verification (KYC): Users undergo registration and identity verification to securely access the platform.
• Data Management: Users can control, track, and authorize data sharing with businesses.
• Permission-Based Access: Companies seeking to use personal data must obtain explicit consent from the user.

Smart Guardian (SG)

SG enables the secure registration and operation of IoT devices within the Jasmy ecosystem. Features include:

• Secure storage and management of IoT device data.
• End-to-end encryption for communication between devices and the blockchain.
• User-controlled access to data generated by IoT devices, ensuring privacy.

Data Marketplace

Jasmy’s data marketplace allows individuals to securely share their personal data with businesses in exchange for JasmyCoin (JASMY). This ecosystem:

• Protects user privacy.
• Provides businesses with accurate, consented data for analytics and marketing.
• Establishes a transparent exchange between data providers and consumers.

JasmyNet

A dedicated network where only authorized companies can participate. This ensures:

• A secure environment for data exchange.
• Controlled access to personal data with user-defined permissions.

Personal Data Lockers

Jasmy’s platform introduces decentralized data lockers, where users can store and manage their personal data securely. Users have full control over whether to share their data and with whom.

These features ensure three main things regarding Jarmy’s decentralized infrastructure: Eliminate reliance on centralized servers, reduce risks of data breaches; Provide resilience through distributed storage and processing; and Empower users to be the sole custodians of their data.

Security Features

Security is one of the most important aspects of Jasmy’s framework. Jasmy uses several features to ensure that its security is as advanced as possible.

Jasmy uses Encryption Protocols for data storage and transmission to provide a double layer of protection. It also includes Blockchain Immutability so that all transactions and data interactions are recorded immutably on the blockchain. Data is distributed across the network, reducing single points of failure and enhancing system resilience through its Decentralized Management. Jasmy also uses a Dual-Key Security System as well as Abstract Information Technology to extract anonymized insights from personal data without exposing sensitive information.

Why Use Jasmy?

Jasmy’s technology has been used worldwide for several reasons, whether that is individuals or businesses. 

For users:

Besides securing personal information in decentralized lockers and maintaining full control over access and usage, users can also monetize their data by granting companies permission to use it in exchange for JasmyCoin (JASMY), This enables a fair exchange of value between data providers and businesses, while ensuring that sensitive information remains private.  Users can also use it for IoT integration, whether that is smart home gadgets or industrial equipment. These IoT devices can communicate and share data directly through Jasmy’s blockchain without relying on centralized intermediaries. Furthermore, users can then manage and monitor their IoT devices in real time. 

For Businesses:

Besides data security, businesses can use Jasmy’s technology for their data marketplace. This marketplace offers businesses a transparent, ethical way to access valuable data. Companies can purchase anonymized data to optimize their marketing strategies and product offerings through improved targeting. They can also gain access to accurate and user-consented data, enhancing customer trust and compliance with privacy regulations. Last but not least, this model reduces data processing costs for businesses while improving the quality of insights derived from user data. 

For Web3 and DApps:

Developers can create secure applications using Jasmy’s blockchain and IoT platform, whether that is healthcare solutions or supply chain tracking tools. The platform integrates seamlessly with other blockchain networks and applications. 

Industry-Specific Applications

Jasmy plays a significant role in multiple industries through its innovative platform. In healthcare, Jasmy has partnered with companies to securely manage genomic data, enabling personalized medicine and advancing cancer treatment research. Patients can securely manage and share their medical data, improving healthcare outcomes while ensuring privacy.

In the automotive sector, Jasmy enables secure communication between vehicles and IoT networks, enhancing connected and autonomous vehicle functionality. Car owners can monetize their anonymized driving data by selling it to automotive companies for research and development purposes.

For retail and marketing, Jasmy’s platform allows retailers to access user data with consent, improving targeted advertising while respecting privacy. Businesses can also create personalized loyalty programs using JasmyCoin as a medium of exchange.

Jasmy contributes to environmental sustainability through its NCCX platform, which facilitates the trading of carbon credits and promotes environmentally conscious practices among businesses. It also supports the Inari Consortium, contributing to global carbon neutrality initiatives.

In entertainment and sports, Jasmy has partnered with Sagan Tosu, a J1 soccer team, to launch Fan Tokens and develop blockchain-based fan engagement tools. JasmyCoin facilitates exclusive perks and interactions for fans, enriching their sports experience.

Given the extensive use of this technology, it is quite possible that we can see Jasmy’s technology being used in IOT-enabled infrastructure in smart cities. We could also see schools and universities use Jasmy’s data lockers to store student data, hence Jasmy could also work in the education sector. Lastly, businesses have already started using IoT in supply chain management, so we could see Jasmy’s usage increase over the years.

Recent Updates

Over the past two years, Jasmy has achieved significant milestones that showcase its innovation and strategic growth. In November 2023, Jasmy initiated a project with Nova Serum and Biomedica Solutions to promote personalized healthcare using genomic information, advancing cancer treatment through genomic analysis. The company also integrated the “Jasmy Personal Data Locker” with Cybertrust’s “iTrust Identity Confirmation Service” to enhance public personal authentication for regional currency and point services. In October 2023, AVITA Technologies introduced the “AVITA Blockchain PC” featuring “Jasmy Secure PC” to the Indonesian market, expanding Jasmy’s technological presence.

In January 2024, Jasmy collaborated with Dimmerge Share to develop a carbon credit trading platform using blockchain technology, improving transparency and efficiency in carbon credit transactions. By March 2024, Jasmy partnered with Panasonic Advanced Technology Co., Ltd. to create a Web3-based platform that connects human-generated information with IoT devices, aiming to establish an open platform that bridges people and things. In May 2024, Jasmy worked with Synergy Marketing Co., Ltd. to enhance the Sagan Tosu Fan Token initiative, leveraging Synergy’s expertise in sports marketing.

During July 2024, Jasmy revamped the “Jasmy Secure PC” website to improve user engagement and accessibility. In August 2024, the company launched the beta version of “NCCX,” a carbon credit exchange supporting domestic voluntary credits, and showcased innovative data utilization strategies at the “TECH+ EXPO 2024 Summer for Data Utilization.” In September 2024, Jasmy addressed and resolved website browsing issues, ensuring a better user experience. By November 2024, Jasmy announced the “Sagan Tosu Phantokun Metaverse 2024,” scheduled for December 9–13, marking a milestone in its commitment to digital innovation and user engagement. Lastly, Jasmy recently got listed on Upbit, the largest Korean exchange, deepening its influence on the Asian market.

Exciting news! 🎉$JASMY has been listed on Korea’s largest exchange, @Official_Upbit 🚀
As a project originating from Japan, we’re expanding business opportunities in the Korean market. #Jasmy #BTC #Upbit https://t.co/sa2GKWqt6d

— Jasmy-MGT (@JasmyMGT) November 20, 2024

Market Position and Price Factors

While JasmyCoin has carved out a niche in the crypto market as one of the leaders in integrating blockchain with IoT, there’s many other reasons that indicate that Jasmy could continue growing. 

First and foremost, it is one of the few projects that focus specifically on IoT and data sovereignty, so it has recognition in both the crypto and tech industries. Jasmy is also listed on some of the biggest exchanges worldwide, meaning that it is one of the most accessible tokens in the world. Also, its leadership has created a sense of trust among investors, and it helps that the company is legally compliant despite Japan’s strict financial regulations. 

One of the key factors of growth for Jasmy remains the rising demand for IoT solutions. The IoT market is expanding rapidly, with billions of devices generating valuable data. A IoT adoption grows, so does the demand for the likes of, consequently leading to an increased use of JASMY tokens. Additionally, data privacy concerns remain a key debate in today’s tech-based world, so platforms such as Jasmy could see increased usage. 

Jasmy has also done a remarkable job in terms of its partnerships, which has helped it gain exposure in key industries that could utilize its technology. More strategic partnerships could help Jasmy continue its growth. 

Nonetheless, as with every exciting technology, Jasmy could face some challenges. First and foremost, crypto remains very volatile. Despite the sustainable ecosystem that Jasmy provides, its utility token is subject to huge price changes. Additionally, Jasmy is very well-established in Japan and Asia. But despite it having listings on worldwide-available exchanges, it still needs to expand its global footprint if it wants long-term success.

Jasmy faces competition from other blockchain projects with similar goals, such as Basic Attention Token (BAT), which also focuses on user-controlled data. However the demand trend for BAT has not been as overwhelming as it used to be a few years ago, so Jasmy needs to develop and expand to be considered a viable and strong long-term investment. When compared to other Layer 2s, JasmyCoin leaves a lot to be desired. While it is not a standalone Layer 2 and focuses on different aspects of decentralization when compared to L2s like Arbitrum or Optimism, JASMY is way behind in terms of daily, weekly, or monthly trading volume. This could also indicate that Jasmy holders are in it for the long term, but on the verge of a potential bull run, Jasmy needs to work on getting more people to engage with its token.

JasmyCoin ($JASMY) Price Prediction

JasmyCoin experienced a lot of volatility since its inception. But that is not just because of its nature as a cryptocurrency and speculative asset, but also because of its circulating supply. Initially, Jasmy had a lower circulating supply (less than 5 billion back in May of 2022), while it currently has a circulating supply of almost 50 billion tokens (max supply). Hence, there is less volatility when looking at the supply side for the long term. The initial low supply of the coin explains why Jasmy had an all-time high price of $4.99 back in February of 2021. Realistically speaking, Jasmy cannot achieve that price, at least not in the short term.

A new all-time high (let’s say $5) with the current supply would mean that Jasmy reaches a market capitalization of $250 billion, which would mean surpassing the likes of Tether and Solana. While that is still technically possible, it is unrealistic for the short term. Hence, a price of $0.2 is realistic according to experts for 2025. That is six times compared to the current price. With this price, the market cap would reach close to $10 billion, placing Jasmy in the top 20 coins based on market capitalization as of current rankings. As for the longer term, considering factors such as IoT and blockchain mass adoption, we could see $JASMY reach a price of $2 by 2030, all else equal. That would mean a market cap of around $100 million, which is realistic for a project of this much capability in the tech sector. 

These predictions are based on current price forecasts done by experts in the field, while also accounting for factors that can influence the future price, such as market adoption, tech developments, regulatory environment, and investor sentiment. There is no guarantee that these price levels will materialize, as cryptocurrency markets are highly volatile and influenced by numerous unpredictable factors. This information is provided for educational purposes only and should not be considered financial advice. Investors are strongly encouraged to conduct their own research and consult with a financial advisor before making any investment decisions.

Final Thoughts

JasmyCoin (JASMY) represents an innovative blend of blockchain and IoT technology, aiming to redefine how personal data is managed and monetized in a rapidly digitalizing world. Jasmy empowers individuals to take control of their personal information, transforming it into a valuable asset within a decentralized ecosystem.

From a market perspective, while the token has faced significant volatility, the growing adoption of IoT, rising awareness of data privacy, and Jasmy’s unique technological offerings indicate a promising future. Projections for 2025 and 2030 highlight cautious optimism, with JasmyCoin expected to see gradual growth as the platform expands its ecosystem and user base.

However, challenges such as competition, market volatility, and global adoption obstacles remain. Jasmy’s ability to innovate, expand its use cases, and maintain user trust will be critical to its long-term success.

In conclusion, JasmyCoin stands as a decent initiative in the intersection of blockchain and IoT, offering a transformative vision for data ownership and decentralization. While investment in JASMY requires careful consideration due to market risks, it has huge potential to revolutionize data management and the IoT ecosystem. 

Frequently Asked Questions (FAQ)

What is JasmyCoin (JASMY)?

JasmyCoin is an ERC-20 token that powers Jasmy’s blockchain-based IoT platform for secure data management.

What Does JasmyCoin Do?

JasmyCoin facilitates secure data storage, user-controlled data monetization, and transactions within the Jasmy ecosystem.

What is the Jasmy price prediction for 2030?

Experts predict JasmyCoin could reach $2 by 2030, depending on market adoption and technological advancements.

How Many JasmyCoin (JASMY) Coins Are There in Circulation?

JasmyCoin has a circulating supply of nearly 50 billion tokens, with a maximum supply of 50 billion.

What Makes JasmyCoin Unique?

JasmyCoin combines IoT and blockchain to give users full control over their data while monetizing it securely.

Who Are the Founders of JasmyCoin?

Former Sony executives, including Kunitake Ando and Kazumasa Sato, founded JasmyCoin in 2016.

Is JasmyCoin Japan’s Bitcoin?

JasmyCoin is called Japan’s Bitcoin due to its origin and focus on decentralized data ownership.

Is JasmyCoin a Good Investment?

JasmyCoin has potential but carries risks due to market volatility. Investors should research before investing.

Can $JASMY Reach $1?

JasmyCoin could reach $1 with significant adoption and demand, though it requires a high market capitalization.