JasmyCoin, often referred to as 'Japan’s Bitcoin', announced its integration with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to facilitate seamless token transfers between Ethereum and Base networks. This development also impacts the JANCTION blockchain, incubated by the Jasmy community.
Why Jasmy Adopted Chainlink’s CCIP
Jasmy selected Chainlink CCIP as its cross-chain interoperability standard due to several key reasons. Security was a paramount factor: CCIP is powered by a Decentralized Oracle Network (DON) that secured $19 trillion in on-chain transactions since 2022. Developers maintain full control over their contracts, avoiding vendor lock-in. The Cross-Chain Token (CCT) standard allows creating new interoperable tokens in minutes. The technology also supports new blockchain integrations and security upgrades, ensuring long-term scalability. 'We’re excited to adopt the Cross-Chain Token (CCT) standard to power secure transfers of JASMY across Base and Ethereum,' said HARA, CFO at Jasmy Inc.
JANCTION: Jasmy’s Layer 2 Solution
Beyond the token transfer upgrade, the JANCTION blockchain is also integrating Chainlink CCIP. This will enable secure and scalable cross-chain applications for developers building within the Jasmy ecosystem. Leveraging CCIP’s robust infrastructure, JANCTION aims to accelerate adoption of blockchain and IoT-based applications, reinforcing Jasmy’s position as a leader in decentralized data management. Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs, praised the integration and emphasized the importance of interoperability within the on-chain economy.
JasmyCoin's Mission: Data Democracy
Jasmy was founded by former Sony executives to create a blockchain-powered data democracy system. The project’s core mission is to give users full control over their personal data rather than having it monopolized by large corporations. By combining IoT and blockchain, Jasmy aims to enable a secure, user-driven digital ecosystem. With rising concerns over data privacy and security breaches, Jasmy’s platform provides a decentralized alternative allowing individuals to manage and monetize their information. The adoption of Chainlink CCIP further strengthens this vision by expanding the reach of JASMY tokens beyond a single blockchain.
JasmyCoin's integration with Chainlink CCIP underscores an industry trend of bridging liquidity gaps across blockchains. This follows recent Chainlink developments, including HashKey Chain's integration for secure DeFi applications and OpenUSDT, a cross-chain version of USDT for seamless stablecoin transfers across blockchains.
