BEIJING, March 4,
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 is working on researching federated blockchain technology to
build a decentralized file storage and sharing
system.
A federated blockchain is a special type of blockchain, which is
a blockchain network managed and maintained by multiple
organizations. A federated blockchain offers higher performance and
privacy protection compared to a public blockchain. In a federated
blockchain, a file storage and sharing system can be built, i.e.,
files are stored on different nodes, and the sharing and
transmission of files are realized through blockchain technology.
In this system, each node can store and share files, and other
nodes can transmit and obtain files through the blockchain network.
The security and trustworthiness of the files can be ensured
through the consensus mechanism and smart contracts of the
federated blockchain.
The core of the federated blockchain-based file storage and
sharing system researched by WiMi involves splitting files into
small blocks and encrypting each block using a cryptographic
algorithm. These encrypted blocks are then distributed to various
nodes of the federated blockchain for storage. By using the
consensus mechanism of the blockchain, the integrity and
reliability of the file is ensured. At the same time, users can
control the access rights to the files through smart contracts on
the blockchain to realize secure file sharing. The advantages of
this system include data security, decentralization, scalability
and high performance. By using federated blockchain technology,
WiMi seeks to build a trusted and secure file storage and sharing
system that provides users with a better file management and
sharing experience.
Architecture design is a very important step in a federated
blockchain-based file storage and sharing system. The main
components of this system include client, peer nodes and blockchain
networks. The client is the interface where the user interacts with
the system to upload, download and share files. Peer nodes are the
core components of the system that are responsible for storing and
sharing files and participating in the consensus process of the
blockchain. The blockchain network is a distributed network of
multiple peer nodes for storing metadata about transactions and
files.
The system adopts a layered architecture, including the
application layer, blockchain layer and storage layer. The
application layer provides user interface and file operation
functions, including uploading, downloading and sharing files. The
blockchain layer is responsible for handling the metadata of files,
including information such as the hash value of files, uploaders
and permissions, and ensures the consistency of data through
consensus algorithms. The storage layer is responsible for actually
storing the contents of the files, which can be done using a
distributed file system or a cloud storage service.
In this system, a client uploads, downloads and shares files by
communicating with peer nodes. The client first establishes a
connection with a peer node and sends a request for a file. After
receiving the request, the peer node verifies the user's identity
and permissions and access the file from the storage layer as
needed. The peer node also writes the metadata of the file to the
blockchain and sends it to other nodes for consensus.
Traditional file storage and sharing systems typically rely on
centralized servers, with the risk of a single point of failure and
data loss. A system based on a federated blockchain can distribute
files across nodes in the network to achieve
decentralized storage and sharing, improving the
reliability and stability of the system.
Blockchain technology also provides encryption and
authentication mechanisms that can ensure the security of files
during storage and transmission. Each node has its own identity and
digital signature to verify the integrity and authenticity of the
file, preventing it from being tampered with or forged. Blockchain
is a tamper-proof distributed ledger and all file operations are
recorded on the blockchain. This means that every file upload,
download, modification and other operations can be traced back, and
everyone can verify the history of the file, enhancing the
transparency and credibility of the system. A federated
blockchain-based file storage and sharing system can utilize smart
contract technology to achieve more complex file management
functions. For example, the access rights of files, sharing rules
of files, etc. can be defined through smart contracts, and the
corresponding operations can be performed automatically to improve
the automation and efficiency of the system.
The federated blockchain-based file storage and sharing system
can realize efficient, secure and reliable file storage and sharing
functions, providing users with a more secure, reliable and
efficient file management and sharing experience, promoting
information sharing and advancing the development of the technology
industry.
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.