Trends

Panasonic and Jasmy, IoT developer, launched Web3 platform

AuthorBTW Editorial

Reading Time2 min

PublishedApril 22, 2024

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Headline

Context

The tech firm Panasonic and IoT developer Jasmy cooperatively launched a Web3 platform to connect personal data on the Internet of Things (IoT), which will be built upon the Personal Data Locker product developed by Jasmy. Jasmy, an IoT platform developer, and Panasonic Advanced Technology started working together in February, but they didn’t announce until March 26. The new platform will speed up processing and reaction times, offer safe data storage, and give users control over who can access their data.

Evidence

Pending intelligence enrichment.

Analysis

This platform emphasizes speed in development while fusing Web3 technology with agile development methodologies. Acccoridng to xxx official “ We intend to use the public [platform] in a variety of fields, recruit users broadly, and implement it as an open platform. ” Hiroshi Harada, chief financial officer of Jasmy, said on X, a social media, that the new platform would be developed in “3-6 months.” The Personal Data Locker, according to the Jasmy website, stores data files in a decentralized network and only manages hash values on the blockchain. Performance is not hampered by large file sizes or single blocks’ storage capacity because of this system. Also read: Web3 startups turn to accelerators in new crypto bull market

Key Points

The tech company Panasonic has partnered with Jasmy, an IoT developer to release a Web3 platform to connect personal data on IoT.
Web3 platform will provide secure data storage and give users control over access to their data, as well as improve processing and reaction times.
Jasmy has listed its JasmyCoin (JASMY) in 2021, which it is regarded as “billed as Japan’s Bitcoin.”