In order for the virtual world of the Metaverse to function normally and to establish an economic system based on data modules, data creation, data assets, data markets, and digital currency must be satisfied. According to Jasmy CFO Hiroshi Harada, in order to meet the elements of building a Metaverse economic system, it is necessary to solve more basic problems such as ID identity, identity privacy, and data confirmation from the blockchain technology level. Jasmy is based on the underlying concept of blockchain. The two patented technologies developed by SG and SKC might be the best solution to the problem. Jasmy has an inherent advantage in the new track of the Metaverse.
The virtual identity in the Metaverse needs to be created through blockchain technology. This identity ID has the characteristics of a digital currency wallet address, and the identity data information has the characteristics of being immutable, but it will not be as completely transparent and open as the wallet address. If other person, enterprise or institution wants to view identity data, it needs to obtain the authorization of the identity owner, and the owner can selectively disclose relevant information to others, and enterprises as well as institutions can also fully trust this information, because the information is real and untampered .
JasmySG can write the identification information of the owner and the device itself in the device. After multi-factor authentication, the data generated by the device can be correctly bound to the owner, and the data in the distributed network can effectively prevent leakage and tampering. This provides individuals in the Metaverse with a safe, stable and orderly economic operating system foundation similar to the real world. Here, users’ virtual rights and interests can be guaranteed, and virtual assets created by users can be circulated without the constraints of the platform.
Jasmy, a Japanese company that develops and provides data security and sharing services in the IoT era – “Jasmy IoT Platform”. Its only token, Jasmy (JMY), is the first Japanese blockchain project approved to be listed on the Japanese digital currency exchange. It is the first legal and compliant digital currency in Japan, which has epoch-making meaning for the Japanese digital currency market.
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Official website: http://www.Jasmy.co.jp