BEIJING, July 19,
2024 /PRNewswire/ -- WiMi Hologram Cloud Inc.
(NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram
Augmented Reality ("AR") Technology provider, today announced that
it developed a blockchain-based trust approach for cloud computing
to address trust and security issues in cloud computing services
through technological innovation, while meeting increasingly
stringent regulatory requirements and market demands.
WiMi's blockchain-based trust approach for cloud computing,
firstly, establishes a decentralized trust framework
so that the trust evaluation process is no longer dependent on a
single central node. A blockchain network is constructed that
consists of multiple nodes, each of which is involved in the
verification and recording of trust information. These nodes can be
cloud computing service providers, users or other third-party
organizations. Through the blockchain's distributed ledger
technology, each node can participate in the verification and
recording of trust evidence, which improves the transparency and
tamper resistance of the whole system. This
decentralized nature not only reduces the risk of a
single point of failure, but also ensures the common recognition of
the trust state by all participants through the consensus
mechanism.
In addition, the technology framework automates the trust
management process by integrating smart contracts. Based on the
trust model, smart contracts are developed to automate the trust
management process. The smart contract contains all the logic of
trust management, such as user authentication, permission
verification, and behavior monitoring. Smart contracts can execute
automatically when preset conditions are met, which not only
improves the efficiency of trust management, but also reduces human
intervention and the possibility of fraud and error.
In addition, the application of smart contracts also makes the
trust management rules more flexible and customizable, which can be
adjusted according to different application scenarios and needs,
thus providing more accurate trust support for various cloud
computing services.
WiMi's blockchain-based trust approach for cloud computing
integrates data security measures such as end-to-end encryption,
access control, etc. in the blockchain network in order to ensure
the security and privacy of data stored on the blockchain. The
technology framework employs advanced encryption techniques to
protect the data stored on the blockchain. With technologies such
as end-to-end encryption and zero-knowledge proof, the
confidentiality and integrity of data can be ensured even in a
decentralized environment. Meanwhile, the combination
of mechanisms such as Access Control Lists (ACLs) and Role-Based
Access Control (RBAC) allows precise control of access to data, so
that only authenticated and authorized users can access the
corresponding data resources. Such comprehensive data protection
measures provide a strong guarantee for data security in cloud
computing environments.
With the ongoing introduction of blockchain-based trust methods
in cloud computing, WiMi is addressing increasingly complex
cybersecurity challenges through technological innovation. This
technology not only enhances the security and trust of cloud
computing services, but also improves the efficiency and
reliability of the entire system through decentralized
and automated smart contracts. It represents the organization's
commitment to data protection and user trust, while demonstrating
WiMi's leadership role in driving industry security standards.
The successful application of this technology brings a new
security paradigm to the field of cloud computing. It not only
meets the current market demand for highly secure and trustworthy
cloud services, but also provides new possibilities for future
technological development and application. The development and
application of blockchain-based trust methods is not only a victory
on the technical level, but also an important contribution to the
entire social trust system. It strengthens the trust relationship
between enterprises and users, and lays a solid foundation for
building a more secure, open and mutually trusting digital world.
With the continuous evolution of technology and the deepening of
applications, we have reason to believe that WiMi will continue to
exert its influence in the field of cloud computing security and
bring better services and experiences to users around the
world.
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.