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What is Jasmy?
Jasmy (JASMY) is an IoT platform that aims to develop infrastructure that enables anybody to use data safely and securely. The internet of things (IoT) is a system of devices connected via the internet that can share data on a wireless network without the need for human intervention. The Jasmy platform strives to reclaim data sovereignty for each individual, allowing them to safely and securely use their data. To do so, the platform has integrated Blockchain and internet of things (IoT) technologies to create a platform solution for customers all over the world and across industries.

IoT sensor data plays a significant role for organizations that deliver high-value-added services to customers and clients, as the amount of data acquired by IoT devices grows every day. However, the use of IoT brings along a few challenges with it.

Individual users share personal data with firms via smartphones or IoT devices in exchange for services. Consequently, users can feel uncomfortable as if their activity is being watched, have doubts about the aim of the data's use, and be concerned about invasion of their privacy if they provide their personal data to firms blindly. This may lead to privacy concerns amongst users.

On top of that, companies face a lot of challenges when it comes to the safe management of user data. For example, as cited in its whitepaper, an employee took data from Benesse Corporation's system in 2014, exposing the personal information of around 35 million consumers. Aside from a direct penalty of 300 million Japanese yen (about $2.8 million), the corporation was forced to report losses totaling more than 26 billion Japanese Yen (approximately $241 million). Additionally, in 2018, the Federal Trade Commission (FTC) slapped a $5 billion fine on Facebook for improperly handling customer data.


Solutions provided by Jasmy include:

Ensuring the security of data sharing: With traditional blockchain technology being utilized to provide data security during the development of IoT, Jasmy provides encryption depending on machine type from the hardware level, acting as a double layer of data security protection.

Pursuing the convenience of data utilization: The platform aims to prioritize the security of permanent control over all data about an individual (like IDs, application logs, and IoT device data) while allowing firms to use data in multiple ways (after being approved by the users).

Building a "place" that creates value: Instead of being determined by a central authority, the platform aims to create value by building a democratic decision-making environment in a decentralized society.

Contributing to innovation: The Jasmy platform intends to provide an environment where all types of companies, organizations, and individuals, irrespective of size, can use the data provided by the platform to drive innovation and create new value for the future.




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