Jasmy's Revolutionary Approach to Data Management with Blockchain and IoT

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by Giorgi Kostiuk

2 years ago

Jasmy, a Tokyo-based tech company founded by former Sony executives in 2016, aims to innovate personal data management using blockchain and IoT.

The Vision Behind Jasmy

In a world where personal data has become a valuable commodity, Jasmy seeks to create a decentralized platform where data is owned by its creators, not corporations. Their whitepaper states: 'We aim to realize a Data Democracy by building a decentralized, democratic world where data is protected as inherently owned by each individual.'

Technical Architecture of the Jasmy Platform

The Jasmy ecosystem is built on a dual blockchain architecture, featuring the Jasmy Platform on Hyperledger Fabric and the JasmyCoin (JASMY) on Ethereum. This hybrid approach combines enterprise-grade security and scalability with tokenized asset capabilities, integrating key technologies such as blockchain for immutable records, IoT for data collection, and edge computing for enhanced security.

Key Components of the Jasmy Ecosystem

Jasmy revolves around three main components: the Personal Data Locker (PDL) for secure data storage, the Secure Knowledge Communicator (SKC) for management and control via identity and permissions, and Smart Guardian (SG) for secure links between users and IoT devices.

Through its innovative approach combining blockchain, IoT, and edge computing, Jasmy offers a viable alternative to centralized data models, with established implementations in major firms, expanding into broader technological areas.

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