Panasonic, a leading technology company, has joined forces with Jasmy to introduce a cutting-edge Web3 platform that connects personal data on the Internet-of-Things (IoT). The platform will be built upon Jasmy’s acclaimed Personal Data Locker product.
Although the collaboration between IoT platform developer Jasmy and Panasonic Advanced Technology began in February, the official announcement was made on March 26. This innovative platform will offer users secure data storage, granting them full control over access to their personal information. Additionally, it will enhance processing capabilities and response times. According to Jasmy’s Chief Financial Officer, Hiroshi Harada, who is known as Hara on social media, the development of this platform is expected to be completed within the next 3-6 months.
Jasmy’s website reveals that its Personal Data Locker utilizes blockchain technology to manage hash values, while the actual data files are stored in a decentralized network. This system eliminates any performance hindrances caused by the storage capacity of individual blocks or large file sizes.
Established in 2016 by former Sony executives, Jasmy has gained recognition for its JasmyCoin (JASMY), which was listed on exchanges in 2021. Often referred to as “Japan’s Bitcoin,” Jasmy allows merchants to pay for the use of stored data while rewarding the data owners with JASMY tokens.
In recent news, Jasmy launched the DePIN project, named Janction, earlier this month. This initiative aims to transform a GPU colony into a public layer-2 and AI service hub.
The announcement of the partnership between Panasonic and Jasmy had a significant impact on the market. Trading in JASMY experienced a remarkable 111% increase within a 24-hour period, resulting in a market capitalization of $1.1 billion. The value of JASMY peaked at $0.024 on March 26, up from $0.021 the previous day.
In related news, Japanese e-commerce giant Mercari is set to enable Bitcoin payments starting in June.
As the world witnesses these developments, one question arises: How can Bitcoin payments make a triumphant return?