BEIJING, April 18,
2024 /PRNewswire/ -- WiMi Hologram Cloud Inc.
(NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram
Augmented Reality ("AR") Technology provider, today announced a
lightweight blockchain-based architecture to overcome the
limitations of traditional network architectures and provide a more
secure, efficient and trusted connectivity solution for the 5G
Internet of Things (IoT).
Conventional 5G networks use security measures such as
encryption during data transmission, but there are still certain
risks associated with data storage and authentication. Data may be
tampered with or stolen during transmission or storage, a risk that
becomes particularly acute in massively deployed IoT scenarios.
Therefore, there is an urgent need for a more secure and reliable
network architecture to secure IoT devices and data.
In addition, more and more applications are placing higher
demands on real-time performance and reliability. Traditional
network architectures may not be able to meet these demands,
especially in the case of large-scale device connectivity and data
exchange, where network latency and failure rates may increase
significantly, affecting application performance and user
experience.
Blockchain technology, as an emerging distributed ledger
technology, has unique advantages in terms of data security and
trusted transmission. Its decentralized, tamper-proof,
and transparent nature makes it ideal for addressing data security
and trustworthiness issues. Therefore, combining blockchain
technology with 5G IoT can provide new solutions to address the
challenges faced by current network architectures. WiMi's new
technology integrates 5G technology with lightweight blockchain
consensus algorithms to provide an efficient, secure, and reliable
way to connect IoT devices.
The technology incorporates network architecture, blockchain
structure and transaction types to provide a new connectivity
solution to support 5G IoT. In this architecture, IoT devices are
connected to the blockchain network via a 5G network, creating a
distributed and secure communication environment.
Local transactions occur between devices within the same
cellular, do not need to cross network boundaries, and are
characterized by low latency and high reliability. Public
transactions, on the other hand, involve data exchanges between
different cellulars and need to be verified and stored by the
public blockchain to ensure data security and consistency. The
technology can meet the needs of different scenarios and provide
more secure, efficient and reliable connectivity services for IoT
applications.
The technology enables efficient, secure and reliable
connectivity by combining 5G technology with lightweight blockchain
consensus algorithms with its technical advantages:
Increased security: Through improved hashing and encryption
protocols, the architecture outperforms traditional 5G networks in
preventing data manipulation and fraud. Blockchain
technology's immutability and distributed storage ensure data
security.
Real-time data transmission: Combining the high-speed
transmission of 5G technology and the real-time verification
mechanism of blockchain, the architecture ensures the ability to
transmit real-time data and meets the demand for immediacy in
various application scenarios.
Low-latency connectivity: Optimized for data transmission and
consensus processing algorithms, the architecture achieves
low-latency connectivity, providing faster response and more
efficient interactions for communication between IoT devices.
High availability and reliability: With distributed storage and
consensus mechanisms, the architecture ensures high reliability of
the system, even in the case of partial node failure or network
congestion.
In the digital era, the rapid development of 5G IoT places
higher demands on connectivity, security and reliability. By
combining 5G technology with lightweight blockchain consensus
algorithms, WiMi provides a more secure, efficient, and trustworthy
way for IoT devices to connect. WiMi's technical architecture
combines network architecture, blockchain structure, and
transaction types designed to meet the needs of various application
scenarios. An analysis of performance evaluation and technical
benefits demonstrates the significant advantages of the
architecture in terms of real-time data transfer, security and
latency optimization.
About WIMI Hologram Cloud
WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud
comprehensive technical solution provider that focuses on
professional areas including holographic AR automotive HUD
software, 3D holographic pulse LiDAR, head-mounted light field
holographic equipment, holographic semiconductor, holographic cloud
software, holographic car navigation and others. Its services and
holographic AR technologies include holographic AR automotive
application, 3D holographic pulse LiDAR technology, holographic
vision semiconductor technology, holographic software development,
holographic AR advertising technology, holographic AR entertainment
technology, holographic ARSDK payment, interactive holographic
communication and other holographic AR technologies.
Safe Harbor Statements
This press release contains "forward-looking statements" within
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," and similar statements. Statements that
are not historical facts, including statements about the Company's
beliefs and expectations, are forward-looking statements. Among
other things, the business outlook and quotations from management
in this press release and the Company's strategic and operational
plans contain forward−looking statements. The Company may also make
written or oral forward−looking statements in its periodic reports
to the US Securities and Exchange Commission ("SEC") on Forms 20−F
and 6−K, in its annual report to shareholders, in press releases,
and other written materials, and in oral statements made by its
officers, directors or employees to third parties. Forward-looking
statements involve inherent risks and uncertainties. Several
factors could cause actual results to differ materially from those
contained in any forward−looking statement, including but not
limited to the following: the Company's goals and strategies; the
Company's future business development, financial condition, and
results of operations; the expected growth of the AR holographic
industry; and the Company's expectations regarding demand for and
market acceptance of its products and services.
Further information regarding these and other risks is included
in the Company's annual report on Form 20-F and the current report
on Form 6-K and other documents filed with the SEC. All information
provided in this press release is as of the date of this press
release. The Company does not undertake any obligation to update
any forward-looking statement except as required under applicable
laws.
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SOURCE WiMi Hologram Cloud Inc.
