Panasonic partners with Binance-listed Jasmy Altcoin

Last updated: March 26, 2024 at 7:03 a.m. EDT | 1 minute reading

Binance-listed altcoin JasmyCoin (JASMY) has announced a partnership with technology giant Panasonic, to foster the development of a platform applying 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 move in response to new crypto 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 securely assigned to individuals and provided to others,” JASMY CFO wrote on X.

“We will spend 3-6 months building a platform connecting a personal data locker, a decentralized database, to IoT.”

On a Tuesday Press releasethe platform leverages JASMY’s Personal Data Locker (PDL) technology as well as Panasonic’s extensive IoT know-how.

As the IoT ecosystem continues to grow and evolve, the integration of Web3 technologies is poised to play a pivotal role in shaping the future of this interconnected world. According to IoT analytics, global IoT connections are expected to reach 27 billion by 2025.

That said, the new platform promises to revolutionize the way data is managed and used in the IoT landscape by providing improved security, data ownership and interoperability.

JasmyCoin price rises by 10%

Following the announcement, the price of altcoin JASMY increased by 10% to $0.0231 at press time. JasmyCoin has also achieved a staggering 400% increase in value over the past two months.

Anticipation around the future price of the altcoin is supported by expectations of substantial growth. The coin is poised to be on an upward price trajectory and optimism is driven by advancements in technology.

According to JasmyCoin price prediction by Cryptonews, the altcoin would gradually move above the average price of $0.025 by December this year.

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