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Panasonic and Jasmy begins to create a Web3-based platform that connects personal information with IoT information

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March 27, 2024
in Editor's Pick, Investing
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Panasonic and Jasmy begins to create a Web3-based platform that connects personal information with IoT information
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Toward providing an open platform to connect people and things (IoT)

Jasmy Incorporated and Panasonic Advanced Technology Development Co.,Ltd. have started collaborating to develop a platform that integrates information generated by individuals with information generated by things, enabling highly secure processing.

The Jasmy platform, which includes the Jasmy Personal Data Locker (hereinafter “PDL”) — an online storage-based personal information management and usage system provided by Jasmy — along with Panasonic Advanced Technology Development’s extensive IoT expertise, experience, and high technology, will drive the development of platforms applying blockchain technology and IoT synergistically.

This platform will incorporate agile development methods with Web3 technology, emphasizing speed in its development. Our goal is to release it as a platform, attracting a wide range of users across various fields. By utilizing this platform, we can create services that work well with many different things and can be used in various ways, significantly enhancing the efficiency of app and service development.

Specific details of the collaboration will be announced in the future.

Background of Collaboration

Until now, various personal information held by individuals has been owned and utilized by IT companies through internet services. PDL is a platform that not only securely stores data but also allows users to provide and share data under their own will, while maintaining security. Additionally, with the exponential increase in internet-connected devices, the functionality of each device has evolved extensively. The data generated from these diverse devices is vast and varied. Furthermore, besides requiring fast data processing and security, real-time responsiveness is also becoming increasingly important.

Furthermore, combining “information generated by people” and “information generated by things” requires a perspective beyond just data exchange. It involves building trustworthy relationships through the transfer and delegation of authority among “people and people,” “people and things,” and “things and things.” Additionally, to accelerate various service developments, there is a growing need for widely available platforms along with development environment packages (SDK) for developers. This will enable the creation of user-centric data utilization environments and new value, promoting “Data Democracy” worldwide.

Both companies share this understanding and have agreed to collaborate, combining their respective strengths and experiences to aim for the early realization of a widely used platform, leading to the agreement on this collaboration.

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