Tech
Panasonic collaborates with Jasmy Altcoin, listed on Binance
Last Updated: March 26, 2024 7:03am EDT | 1 minute read
JasmyCoin (JASMY), the altcoin listed on Binance, has announced a partnership with the technology giant Panasonic, to promote the development of a platform that applies blockchain technology and IoT.
JASMY is a Japanese cryptocurrency focused on the Internet of Things (IoT). The altcoin stunned investors last month with a 160% explosive movement. in response to new cryptocurrency investment regulations in Japan.
The strategic collaboration aims to create a Web3-based platform that connects decentralized database to IoT. This allows “device information to be attributed to individuals and provided to others in a secure manner,” JASMY’s CFO wrote on X.
“We will spend 3-6 months building a platform that connects a personal data store, a decentralized DB, to the IoT.”
#JASMY AND #Panasonic Advanced technology begins development collaboration #IoT platform.
We will spend 3-6 months building a platform that connects a personal data store, a decentralized DB, to the IoT and allows device information to be attributed to individuals and provided to…
— HARA (@HARA_JasmyCFO) March 26, 2024
For a Tuesday Press releasethe platform leverages JASMY’s Personal Data Locker (PDL) technology together with Panasonic’s extensive know-how in the field of IoT.
As the IoT ecosystem continues to grow and evolve, the integration of Web3 technologies is poised to play a critical role in shaping the future of this interconnected world. According to IoT analysis, global IoT connections are expected to grow 27 billion by 2025.
That said, the new platform promises to revolutionize how data is managed and used in the IoT landscape by providing greater security, data ownership and interoperability.
JasmyCoin price increase by 10%
Following the announcement, the price of altcoin JASMY increased by 10% to $0.0231 at the time of writing. JasmyCoin has also achieved a staggering 400% increase in value over the past two months.
Anticipation surrounding the altcoin’s future price is supported by predictions of substantial growth. The coin is poised or on an upward price trajectory, and optimism is spurred by the advancement of technology.
According to Cryptonews’ JasmyCoin price prediction, the altcoin would gradually evolve above the average price of $0.025 by December this year.