JasmyCoin (JASMY) is a combination of blockchain technology with the Internet of Things (IoT) to provide greater return on investment (ROI) opportunities for businesses and users.
This decentralized network allows developers to create a more robust sharing economy for IoT devices. The goal of this project is to create a secure platform for decentralized data exchange between IoT devices and decentralized protocols.
What is the Internet of Things (IoT)?
IoT devices are the billions of smart devices that exist in the world. These devices can be anything from smartphones, to self-driving cars, to smart toasters or other household appliances. It should be noted, the IoT market is growing rapidly.
Currently, there are more than 2 billion IoT devices in use globally. Analysts expect that number to double in the next few years as high-speed internet advances and manufacturing processes become more efficient.
A device can be said to be "smart" if it has sensors, an internet connection, and the ability to communicate data. There are various types of IoT sensors in use today.
For example, there are IoT devices that can send and receive detected and measured data along with other sensors. This IoT device can also carry out certain processes remotely. When an IoT sensor is connected to a blockchain, it is called an oracle.
The IoT business model brings a new level of management and efficiency to the market. However, previously, the centralized nature of these systems meant that a faulty sensor could disrupt the entire system.
Fortunately, decentralized options allow for cross-checking of oracle data. This approach allows companies to solve management problems more efficiently.
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Issues Addressed by JasmyCoin (JASMY)
JasmyCoin seeks to overcome various problems, including:
1. Higher Security and Safety
The use of IoT devices can help reduce fraud and counterfeiting in the market. For markets like the medical field, where thousands of people die each year from counterfeit drugs, there is real demand for these services.
2. Decentralization
Currently, the logistics sector is run by large companies that have a strong influence on the market. They operate without control and are often monopolies. Giant platforms like Google, Apple, Facebook, and Amazon leverage their position to charge high fees and stymie competition.
JasmyCoin provides a viable alternative to the status quo. Users can save costs and improve their response and management capabilities when they integrate this next-generation protocol into their logistics strategy. JasmyCoin operates as pure code, meaning everyone has a fair and free opportunity to use its services.
3. Lack of Data Control
One of the main problems that JasmyCoin users avoid is the lack of control over consumer data. Companies like Facebook can take your consumer information and use it against you without permission. They say their service is free, but instead, they use your information to show you tailored ads.
JasmyCoin allows you to regain control over your personal information. Users can choose which companies may use their data and they receive compensation for this valuable information. This approach is more fair and transparent than that used by most technology companies today.
4. Data Democratization
JasmyCoin takes data sovereignty to a whole new level. This protocol eliminates the need for users to trust the platform's centralized system. One of the main goals of this project is to return control of data to users.
5. Misuse of Data
In line with this thinking, there is misuse of data. No one can say for sure where big social media and tech companies send their data. This information is tracked, collected, and analyzed, but the trail is lost afterward. This information could one day be used in scenarios where governments or large companies want to find people who meet certain criteria.
6. Data Theft
Data theft is also on the rise. Billions of personal data have been stolen from major technology companies over the past two years. These losses occur due to cyber attacks, system defects, and avoidable human errors. The best way to overcome this problem is to ensure that your data remains under your control.
7. IoT Implementation Costs
Jasmy will provide basic modules to client companies such as IoT communication modules and wearable devices. These units are pre-built to fulfill the functions required to build an IoT system without unnecessary burden. The company will also provide a license for the item.
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Benefits of JasmyCoin (JASMY)
JasmyCoin (JASMY) is a crypto token associated with the Jasmy blockchain platform that aims to provide infrastructure that enables the development and implementation of decentralized applications (dApps) with high performance, scalability and low costs. Here are some of the benefits to expect from JasmyCoin.
1. Payment
JASMY can be used as a means of payment within the Jasmy ecosystem, both to purchase goods and services and to pay transaction fees or other costs associated with using the platform.
2. Governance
JASMY holders have voting rights in decisions that affect the development and management of the Jasmy platform. They can participate in the decision-making process through a token voting mechanism.
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3. Incentives
JASMY can be used as an incentive for users or developers who contribute to the Jasmy ecosystem. These could be rewards for miners (stakers) who provide network security, or incentives for developers who build dApps or contribute code.
4. Access to Services
In some cases, JASMY holders may get special access to certain services or features within the Jasmy ecosystem. This could include early access to new products, discounts, or other benefits.
5. Investment
Like most cryptocurrencies, JASMY can also be considered an investment tool. If the Jasmy ecosystem grows and the value of JASMY increases, token holders can generate profits from the increase in the price of the token.
6. Privacy and Security
By using blockchain technology, JasmyCoin can provide a high level of privacy and security in transactions carried out within the ecosystem. This gives users confidence that their data and assets are safe.
7. Transparency
Transactions carried out using JASMY on the Jasmy blockchain are open and transparent, allowing users to verify transactions and ensure system integrity.
How to Buy JASMY on Bittime
After knowing what JASMY is and how it works, are you interested in buying and investing in this crypto asset? You can do it at Bittime. JASMY tokens are available on Bittime in the JASMY IDR pairing.
Below is a guide on how to buy JASMY tokens on Bittime.
- Register an account at Bittime using an active email.
- Complete the identity verification process.
- Once the account is verified, open the Bittime application.
- Select the Market menu or click the graphic icon.
- Select IDR pairing to buy JASMY with Rupiah.
- Click 'Buy'.
- Select the order type to use. Limit orders, market orders and stop orders are available.
- Enter the nominal rupiah to buy JASMY.
- Click the 'Buy JASMY' button.
- A notification pop up will appear. Read it carefully and click 'Confirm'.
- Enter the six digit Transaction PIN.
- The application will display a successful order notification.
Complete guide on how to buy JASMY, click here .
Apart from buying JASMY tokens, you can also buy various crypto assets such as BTC, ETH, SOL, ADA, AVAX, DOGE, and many others. Don't forget, keep monitoring ORDI, BTC, ETH, SOL price chart movements today to find out crypto market trends on Bittime.
Crypto asset buying and selling transactions on Bittime are easy, safe and instant. Bittime is officially registered and supervised by Bappebti and Kominfo.
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DISCLAIMER : This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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