Tech giant Panasonic has partnered with Jasmy to roll out a Web3 platform to connect personal data on the Internet-of-Things . The new platform will be based on Jasmy’s Personal Data Locker product.and give users control over access to their data, as well as improving processing and reaction times. According to the statement:
“This platform incorporates agile development methods into Web3 technology and develops with an emphasis on speed. We will implement the public as an open platform, recruit users widely, and aim to use it in a wide range of fields.”According to the Jasmy website, with the Personal Data Locker, only hash values are managed on the blockchain while data files are stored in a decentralized network.
Trading in JASMY, which has a market cap of $1.1 billion, rose 111% in 24 hours on the news. It hit a high of $0.024 on March 26, up from $0.021 the previous day.