Recently, Japan’s leading cryptocurrency exchange Zaif Exchange launched a cryptocurrency poll on Twitter, “The Crypto Assets You Most Want Zaif to handle”, of which Jasmy was the most vocal, and Zaif said that the survey data will be used as a reference information for future listing of encrypted assets. Previously, Jasmy was successfully listed on the BITPoint Japan exchange, and “Japan’s first legal and compliant digital currency” has also become a hot topic in the market. Through this Zaif poll, we found that the Jasmy network is facing a long-term bear market trend in the cryptocurrency market. The popularity and community activity have not decreased but increased.
This is the most liked post in the Coinmarketcap community: “Jasmy can reach $1 or more. Japanese regulated blockchain company, CEO is ex-president of Sony Corporation. Talented and accomplished team with many advice from savvy business, legal and financial advisors, good things are coming. In July, phase 3 of their roadmap is underway, super bullish!”
Nowdays, Jasmy is still hot in the bear market, what is the expected competitiveness of Jasmy? There are a lot of news reports and tweets about Jasmy on the Internet. We will analyze Jasmy’s core competitiveness from multiple perspectives.
1.A stable market environment
First of all, huge profits in the encryption market are often accompanied by risks. Frauds and fake projects are flooding the entire market. Everyone is most concerned about the safety of funds, and investing in Jasmy is no exception. The current method to prove the safety and authenticity of the project is Japan’s “supervision”, our survey found that Japan is the country with the most stringent and prudent regulation of cryptocurrency in the world, and “the listing of encrypted assets is as strict as corporate stocks”.
Jasmy (JMY) is an encrypted asset issued in Japan. After listing on the BITPoint Japan exchange, it means that it has been reviewed by the Japanese government. Before listing BITPoint Japan, it probably managed the following review process:
1)Jasmy must pass several strict examinations by the Financial Services Agency of Japan in order to obtain the right to issue licenses in Japan;
2)In addition, Jasmy has to undergo further review and evaluation based on laws and regulations by the industry association JVCEA and the Financial Services Department;
3)Even if jasmy is successfully listed on the BITPoint Japan exchange, the Japan Financial Services Agency and the National Taxation Administration will conduct investigations and evaluations on the operation of the exchange and token projects from time to time (including Jasmy);
4)Once the relevant Japanese government departments discover that Jasmy has violated regulations or is identified as a risk, it will be forced to remove it from the market.
Therefore, Jasmy (JMY) must operate in strict accordance with market regulations like stocks, and be strictly supervised by the Financial Services Agency and inspected from time to time. It is conceivable that Jasmy(JMY) has successfully gone through the safest and most rigorous review process in the world. We can trade Jasmy(JMY) with complete confidence just like trading BTC, ETH and LTC.
Eliminating financial security concerns, stable policies and massive social resource support are necessary conditions for technological openness and innovation, and Jasmy is no exception. JVCEA (Japan Crypto Asset Exchange Association) has reviewed and disclosed that there is an operating company (Jasmy Company) that issues Jasmy Coin in Japan. The company members are world-renowned former Sony executives. The reliability of the company’s information disclosure is beyond doubt. It can be said a company with great influence, and there is information about Jasmy’s cooperation agreement with TRANSCOMOS, a large Japanese customer service call center, and news reports about the introduction of a PC application installed with Jasmy’s technology application service.
With the support of external business and technical background, Jasmy’s development route and business model are also very clear:
2.Has a clear development path:
In the community’s many conversations with Jasmy’s CFO Hiroshi Harada, we learned that Jasmy’s purpose is to democratize data. In the fourth industrial revolution, the number of IoT devices has increased significantly, but behind the convenience of life, there are always security risks. Security threats such as identity theft and hacking in the Web 2.0 cyber world are global problems. In addition, more and more personal data of people, including personal privacy, work data, life data, social platform account data, etc., are being improperly used by centralized data management platform companies.
Jasmy’s idea of data democracy is divided into three steps.
1)Realize the storage and control of personal data in a safe and reliable manner
2)Realize safe and reliable management and control of personal IoT devices.
3)Use or exchange your own data safely and securely under clear rules (a well-established data democracy ecosystem).
The fourth industrial revolution will start with the Internet, Wbe3.0 is a “new information age based on consumers”, Jasmy’s goal is to achieve “data democracy”, using Jasmy’s original concept, Internet of Things and blockchain technology, personal information can be managed according to the user’s wishes.
Today, Jasmy is still a small company, but they are starting the business with big ambitions. The first is the commercialization of Jasmy platform services. At present, the official website of the project shows us many demonstrations. They are getting more cooperation orders. The overseas bases centered on North America and Asia have started, and they are preparing for the global strategy, not just in Japan.
As an investor, the early dividend is the most worth looking forward to. Jasmy’s project is currently in the stage of platform penetration, and the project’s traffic will continue to rise. Commercially, the project has close cooperation with Japan’s largest customer service call center, well-known consumer electronics brands and local governments. Jasmy’s service plan is to serve 50 corporate customers in the next two years (the goal is basically completed at present), and 1.5 million individual users will join the Jasmy platform within five years, and 000 participating companies. And is expected to eventually have more than 100 million individual users. We think this is reasonable. The previous Platinum Happiness Discovery Program was instantly emptied. With the popularity of Web3.0, people’s requirements for the security and privacy of personal information and data will continue to increase. After the popularization of the data security concept, it will be A huge market, companies with this technology will rise rapidly.
3.A disruptive business model:
After analysis, we define Jasmy as a “data platform service in the Web3.0 era”.
For example, Jasmy provides users with an infrastructure called Personal Data Locker. Create a data privacy environment where users can attribute their data to themselves and decide what to do with it. Second, service providers will be able to offer products and services without user information. By using this service, new data generated by IoT devices and other UGC platforms will be stored in the “Data Locker”, users can choose whether to provide data to others or provide data in a specific range, and service providers will be able to use this data to promote new business.
This completely subverts the business model of GAFA under Web2.0. Unlike GAFA, Jasmy’s business model is not to collect data in a centralized system, and analyze and make profits based on the data. On Jasmy’s platform, data is stored in a distributed manner, and platform users become the owners of their data through a “personal data locker”. As more and more enterprises join the Jasmy platform to provide services and the number of users increases, the scale of the platform will continue to expand, and the amount and value of data owned by each person will also increase.
Hiroshi Harada said: “Not only to explore the commercial development of the “small data” model, but also to use this model to help users make better decisions and sexual solutions when they encounter difficulties in various daily life scenarios. This data has extremely high social value, so Jasmy also named this concept “Platinum Data”.
Against the backdrop of numerous industry leaders exploring how to protect and share personal data. Jasmy can share users’ personal data correctly and appropriately, and play an active role in the development of new businesses, cross-industry cooperation, and industry digital transformation.
Jasmy is a Japanese company that develops and provides data security and sharing services in the Internet of Things era. JasmyCoin is the first local cryptocurrency approved to be listed on the Japanese digital currency exchange, and the first legal and compliant digital currency in Japan. At present, it has launched more than 50 trading platforms such as Coinbase, BITPoint, Binance, Huobi, etc., and has reached cooperation agreements with more than 20 companies such as Nexstgo, Aplix, Japanius, Witz, MetaVisa, etc. Its self-developed JasmyPersonalDataLocker system has been put into commercial use. Jasmy’s move has promoted the commercialization of Japan’s blockchain technology, which is of epoch-making significance for the prosperity and development of Japan’s cryptocurrency market, and is known as the “Bitcoin” of the new era of Japan’s encryption industry.
To gain more information——
Official website: http://www.Jasmy.co.jp