BEIJING, May 24, 2024
/PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or
the "Company"), a leading global Hologram Augmented Reality ("AR")
Technology provider, today announced that the IoT data perception
system based on blockchain technology features
decentralized storage, verification of data, automated
management driven by smart contracts, and highly secure data
exchange enabled by cryptography. It allows data generated by IoT
devices to be recorded directly on the blockchain, ensuring the
authenticity of the data source and traceability, while using smart
contracts to automatically enforce data transaction rules,
facilitating data sharing and maximizing the use of data value
without sacrificing privacy.
The IoT data perception based on blockchain technology can
enhance data security and privacy protection. Its use of
blockchain's encryption technology and decentralized
characteristics ensures the integrity and non-tampering of IoT data
during transmission and storage, improves the efficiency and
transparency of data transactions, and effectively defends against
external attacks and internal fraud. All transaction
records are open, transparent and traceable, which improves the
trust of the IoT ecosystem and facilitates multi-party
collaboration. The automatic execution of data-sharing agreements
through smart contracts guarantees the security and compliance of
data circulation, promotes cross-subject data sharing and
collaboration, and solves the problem of data silos. The IoT data
perception system based on blockchain technology contains multiple
core technology modules, which work in concert to build a highly
secure, transparent, and efficient IoT data perception and
management system that supports cross-industry and cross-device
data sharing and collaboration.
Data perception collection: Responsible for collecting various
types of data from IoT devices, such as environmental parameters,
device status, location information, etc. This may involve a
variety of data collection devices such as sensor networks, RFID
tags, cameras, etc.
Blockchain node: As the core component of the system, the
blockchain is used to store and validate the data collected from
the sensing units. Each block of data is encrypted and linked to
the previous block to form a tamper-proof chain that ensures the
integrity and authenticity of the data.
Smart contracts: Automatically executable code deployed on the
blockchain to define rules for data transactions, permission
controls, and automatic responses when specific events are
triggered, such as data-sharing agreements, payments, etc.
Identity and access management: Managing the authentication of
IoT devices and users to ensure that only authorized entities can
access the system and interact with data, enhancing system
security.
Locating and GPS positioning: For applications that require
geographic location information, such as smart city and logistics
tracking, this module is responsible for accurately locating IoT
devices and can assist in location-related data analysis and
decision-making.
Data analysis and prediction: Using big data analysis, and
machine learning algorithms to process the collected data, such as
predicting traffic congestion, equipment failure, etc., to provide
a basis for decision support.
Privacy protection and encryption: Advanced encryption
technology is used to protect privacy during data transmission and
storage, ensuring that the security of personal or corporate data
is maintained even when data is shared.
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.
