Review of CEX.IO and Jasmy AMA session with Hiroshi Harada.
At 11:00 UTC on November 8, 2021，Jasmy held an AMA session in CEX.IO Official Telegram Group，the following is the activity review，leading us a further understanding about Jasmy.
1.Q: Can you please introduce Jasmy in general to our community?
Jasmy is an IoT platform company on a mission to provide the infrastructure which allows anybody to use data safely and securely. We are currently developing and providing the “Jasmy Platform” to achieve this.
The Jasmy Platform aims to regain data sovereignty for each individual so that everyone can use his or her data safely and securely. To achieve this, we have combined Blockchain and IoT technology to provide the optimal platform solution for customers around the world, and across industries.
2.Q: Can you tell us about Jasmy core team and what was the motivation behind starting this project?
With pleasure! Jasmy is mainly created by the members from ex-Sony.
Representative director Kunitake Ando was the 7th president of Sony Corporation. He has launched VAIO, Xperia (smart phone), created Sony Life Insurance and laid the foundation for the expansion to the current scale. Besides the activities to create eco-system for innovation for Japanese companies, he is also the Chairman of the University.
Similarly, President & COO Kazumasa Sato has built a career centered on marketing at Sony. After being deeply involved in the IT network business as a representative director of Sony Style, and has also been involved in the branding of the entire Sony Group.
Executive Vice President CTO Masanobu Yoshida. He started his career at Sony as a developer and video camera engineer. Later on, he was responsible for cell phone development and the PDA business, which was the predecessor of today’s smartphones. PDA was loved by customers worldwide with the CLIE brand.
This is CFO Hiroshi Harada. He has built an 11-year career at KPMG as a CPA. In addition to accounting, finance, and tax, He is also versed of IPO and IR. He is responsible for building the token ecosystem, marketing, and listings.
Please click on the link to see the details — —
3.The motivation behind starting this project:
We were founded with the theme of Data Democracy.
In the fourth industrial revolution, the number of IoT devices is expected to increase dramatically, but behind the convenience of life, there is always the worry of security. Security threats such as identity theft and hacking are global issues.
In addition, there are more and more times when we feel that our purchase information, location information, website and video browsing history are being used unfairly by platform companies.
Our idea of data democracy has three steps.
1) Store and control your own data in a safe and secure manner
2) Safely and securely manage and control your own devices.
3) Provide safe and secure use of one’s own data under clear rules.
In order to build a “new information age based on consumers” in the 4th industrial revolution, we aim to realize the “ Data democracy “ where personal information can be managed at the user’s will using our original ideas, IoT and blockchain technology. We are still a small company, but we are starting a business with big ambitions.
4.Q: Were there any major milestones for Jasmy this year?
The first is the commercialization of our platform services. At present, most of the demonstration tests have been completed by the companies that will use our platform, and we have started sample shipments as we released on Oct. 27. We would like to obtain as many orders as possible.
We are also preparing for a global strategy, not only in Japan.
Please click on the link to see the details — —
The second is to increase the volume of tokens in circulation. We would like to expand our community worldwide, and develop media and marketing strategies to increase our fan base.
5.Q: Any short-term, or long-term goals for this project?Here are four roadmaps for our development.
Our project is currently in the platform penetration period. We are in close collaboration with Japan’s biggest customer service call centers, well-known consumer electronics brands and local governments.
Our current service plan is to serve 50 corporate customers over the next two years, with 1.5 million individual users joining the Jasmy platform and 1,000 participating companies in five years. We have set a goal of exceeding 100 million individual users.
6.Q: What is your project’s business model?
Here is our platform business model.
(1) Jasmy will provide platform services to users. Here, users will have an infrastructure called Personal Data Locker. This creates an environment where users can attribute their data to themselves and decide for themselves what to do with it.
(2) Service providers will be able to offer products and services without having user information. By using the service, fresh data generated by IoT devices and other devices will be stored in the “Data Locker,” and service providers will be able to promote new businesses by utilizing this data.
(3) Jasmy receives appropriate remuneration from the company for providing the platform. Of course, this is not a reward for Jasym obtaining personal data.
Find out more details in our English Whitepaper — —
7.Q: What kind of services is the platform providing?
In Japan, we have started to work with the biggest Japanese call center — Transcosmos, MaaS solution provider for Toyota and Panasonic — Witz, the famous laptop brand — VAIO. Besides, we also work with regional governments to develop business.
We have developed the secure PC with owner recognition function based on our unique blockchain technology and device management ideas. Even if the device is attacked, the risk can be kept within a certain range, so that it will not cause great loss to the company or the individual.
For call center services that handle large amounts of customer data, we provide applications that allow users to safely and securely use call logs and response histories that are normally stored on servers.
We also offer a new service called “Community-based Town MaaS”. Service providers can use the personal data of automated driving users in a safe and secure way to provide various services such as transportation, medical care, and payment.
Therefore, the scale of our business will continue to grow as our partners expand their businesses.
8.Q: What are the core services of Jasmy IoT Platform? How do these core services enable the platform to maximize the value of data?
This is our core technology.
To enable the personal data lockers that Jasmy platform users have, we have two Core technologies that we call SKC (Secure Knowledge Communicator) and SG (Smart Guardian). With these technologies, users can manage their data while keeping their data safe and secure. Both of these patents have been submitted.
Get more information about SKC and SG in our English home page:
9.Q: We know that Jasmy is adopting the decentralized storage technology based on blockchain. How can KYC and KYM be used in building JASMY?
Indeed, JASMY is developing a Personal Data Locker using KYC and KYM, which allows users to manage their own data, like a wallet or a safe deposit box, and to use it freely. In addition, by using JASMY’s original distributed management technology, data cannot be tampered with or stolen, and the process of data usage can be tracked.
For example, by allowing users who contact the call centre for technical help to record their hardware and network information in a personal data locker and disclose the information in the locker to the person making the inquiry, we can avoid multiple user information calls, prevent leakage in the process, get a direct response from the manufacturer, and improve the quality of the response.
In addition, with personal data lockers, call centres do not need to keep excessive records, thus ensuring optimal information management and smoother, higher higher-quality responses in compliance with GDPR.
Second, JASMY describes a visible blockchain future by promoting the concept of platinum data.
Get more information about KYC and KYM in our English white paper: https://www.Jasmy.co.jp/images/whitepaper20200618_eng.pdf
10.Q: As you mentioned above, Jasmy put forward the concept of “Platinum Data” for the first time in the industry at the most important digital exhibition “Digital Innovation 2021” in Japan hosted by Nikkei BP. What does this concept specifically refer to, and what impact will it bring to the development of data technology in the future?
Yes, you are definitely right. Regarding the release of JASMY’s new concept of “Platinum Data”, many top Japanese high-tech companies and management representatives of large Japanese industrial companies have made positive comments and praised about this.
Jasmy can not only help to securely lock personal data in data cabinets and share calls through artificial intelligence technology, it also improves the quality of life of the entire society through effective use of individualized information and data, and promote the prosperity and development of society and economy, then make contribution.
Compared to big data, it is based on the concept of effectively utilizing individual information data, which is also called the “small data”. Jasmy thinks that it is not only necessary to explore the development of the “small data” model, but also to use this model to assist users in making better decisions when encountering difficulties in various daily life scenarios and sexual solutions. This data has extremely high social value, therefore, Jasmy also named this concept “Platinum Data”.
Against the background of many industry leaders constantly exploring how to protect and share personal data. We hope that we can share users’ personal data correctly and appropriately, and play a positive role in the development of new business, cross-industry cooperation, and the digital transformation of the industry.
For “Platinum Data” please click on these links：
11.”JASMY Secure PC” was also launched together with the Japanese mainstream PC brand VAIO (Sony’s only PC brand, Japan’s Top3 high-end personal computer). Can you tell us more about the details of the product? When and how can users purchase related products?
Users who are affected by COVID-19 and must work from home need to ensure that their devices are as convenient and safe as if they were working at the office. For this purpose, Jasmy has now released its new Secure PC concept. By combining blockchain technology, two unique core services (SKC and SG), and unique hardware device management technology, the following features are specifically realized.
1) Secure monitoring and management of PC internal data
2) Maximize the performance of the PC device itself
3) Business process management and consideration for personal privacy
4) Remote control and management of each function on the PC side
5) Confirmation of the safety of the PC hardware itself
We a proudly to announce that Jasmy SecurePC Basic Edition sample now available!
Visit https://prtimes.jp/main/html/rd/p/000000021.000025296.html for more info.
About JASMY SecurePC click on this link:
12.What is the token economy of Jasmy Coin, do we have any plan to further increase the value of Jasmy Coin in the future？ And What is the total supply for Jasmy Token?
Here is our token economy model that combines business models.
The features of JasmyCoin are:
1) Investors purchasing for capital gains in the market
2) Companies using for business demand.
The main use of JasmyCoin is that company can pay individuals JasmyCoin as reward for acquiring personal data, especially the personal data generated from IoT devices.
With the increasement of partner companies as well as the users of their services, the scale of our platform will continue to expand, hence, the volume and the value of personal data owned by each individual will continue to expand as well. For the companies who are using Jasmy’s services, the price liquidity of crypto currencies will have no impact on financial reporting.
Jasmy generates revenue from providing its platform as a service to companies. Companies have the advantage of being able to develop their businesses regardless of token price movements.
On the other hand, JasmyCoin makes the accumulated personal data available in case they want to use the data stored in personal data locker generated from their services. JasmyCoin is the only valid currency for the value of personal data on our platform.
Please click on the link to see the details.
13.Total Supply for Jasmy Token
14.Japan currently has the world’s most progressive regulatory climate for cryptocurrencies and recognizes Bitcoin and other digital currencies as legal property under the Payment Services Act (PSA). With that being said, can you tell us more on the application and review process?
Indeed you are right. As we all know, Japan is the first country in the world to enact laws related to crypto assets, and it is also the first country to adopt strict regulatory measures on crypto assets.
First of all, it is necessary to inform the Financial Services Agency in advance and submit all relevant information. Then, the Financial Services Agency will comprehensively review all kinds of potential risks of newly issued encrypted assets from the perspective of protecting investment users, and evaluate the appropriateness and safety of the assets.
The entire process had to be carried out in cooperation with crypto asset exchanges.
15.As you have mentioned above, “it is necessary to inform the Financial Services Agency in advance and submit all relevant information”. What is the role of The Financial Services Agency in this review process and what will they be taken into consideration?
The Japanese government should be responsible to the majority of investment users, including determining whether there is a security risk and whether it causes losses to investors.
For the above risk control purposes, the Financial Services Agency will strictly evaluate the listing of a new encrypted asset in Japan in combination with a third-party institution. Financial Services Agency has also prepared the Application and Documentation Guidelines with hundreds of pages.
The process of listing a new token is not particularly complicated, but it is time-consuming.
Furthermore, the most important risk was the uncertainty of getting approval from the FSA. The fact that very few tokens have been approved so far must also be taken into account.
If a company clears many of the same screening items as overseas and passes the examination by JVCEA and the FSA, it will be placed on the FSA’s white list and can be listed in Japan.
16.With that being said, how does Jasmy strive with these regulations and working on the process to be listed in the whitelist?
Thank you for your question. Jasmy has been trying the application process 2 years ago. Digital currency trading on Japanese domestic exchanges is equivalent to a stock listing. Not only is the review process complicated, but also the time span is very long.
Our project has drawn attention and recognition in Japan, and we have basically confirmed that we will soon be listed on major Japanese virtual currency exchanges.
Jasmy’s efforts are beyond imagination.
17.Jasmy (JMY) successfully launched the BITPoint Japan transaction, which means that Jasmy (JMY) has obtained a compliant legal status in Japan. Can you tell us more about this?
You are absolutely right. We are proudly to announce that Jasmy (JMY) has become the first Japanese blockchain project approved to be listed on the Japanese digital currency exchange. Based on articles, “It is Japan’s first legally compliant digital currency, which has epoch-making significance for the Japanese digital currency market”.
BITPoint Japan Co., Ltd. is one of the earliest licensed digital asset exchanges in Japan (Digital Assets Exchange Kanto Finance Director №0009), and is also a general corporate legal person Japan Digital Asset Exchange Association (JVCEA), a public welfare corporate legal person Japan Supervisor Association member.
The news that Jasmy (JMY) successfully launched BITPoint Japan Exchange has aroused widespread discussion in Japan and Southeast Asia. The Jasmy community has ushered in the long-awaited carnival moment, and it has also attracted many waiters.
Jasmy (JMY) opened the JMY/JPY trading pair.
18.In your opinion, what is the significance of the success of Jasmy (JMY) and its impacts?
It all starts with the policies and supervision of cryptocurrencies in various regions and countries around the world. We should know that the content of the blockchain policy in each region is divided into three major directions: digital currency, ICO, and blockchain technology.
As a kind of technological innovation, blockchain has attracted the attention and admiration of various countries, and digital currency has gradually been recognized by various countries, but the attitude towards the token assets of ICO projects is different.
On the whole, all countries will treat anti-money laundering as the focus of monitoring in the supervision of digital currencies. The basis for the supervision of ICOs is the nature of ICOs. If ICOs are defined as securities, they need to be included in the supervision of the China Securities Regulatory Commission; if they are defined as general property, other regulations apply.
After comparing the policy attitudes between Japan and others towards cryptocurrencies in various regions around the world, it is obvious that the Japanese government’s attitude towards cryptocurrencies is the most positive and the most rigorous.
With that being said, as the Japanese government takes a positive attitude towards digital currency regulation, this also what brings Jasmy to its success.
19.These few months has been busy for Jasmy, can you list down what are the achievements for your project?
Japan is the first country in the world to enact laws related to crypto assets, and it is also the first country to adopt strict regulatory measures on crypto assets. As for that we proudly to announce that Jasmy (JMY) successfully launched the BITPoint Japan Japan transaction, which means that Jasmy (JMY) has obtained a compliant legal status in Japan.
As announced in this month, we have successfully installed Jasmy Personal Data Locker in TISI WIT of Witz & Co.
#Jasmy SecurePC Basic Edition sample now available!
Also, we are excited to announce that:
-JasmyCoin is newly listed in Bitrue
-JasmyCoin is newly listed in KuCoin
- JasmyCoin is newly listed in Coinbase + Coinbase Pro
-On top of others exchange as well.
To gain more information — —