BEIJING, Aug. 23,
2024 /PRNewswire/ -- WiMi Hologram Cloud Inc.
(NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram
Augmented Reality ("AR") Technology provider, today announced that
its R&D team delved into the application potential of
blockchain in the field of identity management. The
decentralized nature of blockchain as an open
distributed ledger offers the possibility of constructing a secure,
transparent, and tamper-proof trust management system. Using graph
theory and blockchain frameworks, the team proposed an abstract
identity verification model and successfully mitigated popular
cyber-attacks by implanting trust-related information in an
encrypted blockchain architecture.
WiMi's blockchain technology-based identity management model
provides a decentralized, tamper-proof distributed
ledger through blockchain technology. In the identity management
model, the blockchain network acts as a foundation of trust,
ensuring that the identities and transaction records of all
participants are transparent and trustworthy. Each user has a
unique identifier on the blockchain, which is usually associated
with the user's public key. Using cryptography, such as asymmetric
encryption, users can securely authenticate themselves and exchange
data without having to reveal their private keys.
In addition, smart contracts are automatically executed programs
that run on the blockchain and perform tasks according to
predefined rules. In the identity management model, smart contracts
are used to automate the authentication process, ensuring that only
authenticated users can access specific resources or services.
In cloud computing, users may need to operate across different
service providers (CSPs). WiMi's blockchain technology-based
identity management model enables trust transfer between different
domains by designing a cross-domain authentication process that
allows CSPs to participate in trust management as referrers while
acting as service providers. Trust factors are the key indicators
for assessing user trustworthiness. In the model, there are three
main trust factors: user trustworthiness, authentication and
satisfaction. User trustworthiness is calculated based on the
user's historical behaviour and transaction records. Authentication
is realized through smart contracts and cryptography, and
satisfaction is calculated based on the interaction history between
the user and the service provider.
The model applies the graph theory in trust networks, which
provides a mathematical tool for analyzing and representing nodes
(users or service providers) and edges (trust relationships) in a
network. By constructing a trust graph, it is possible to more
intuitively understand and analyze trust relationships and how they
affect the security and efficiency of the overall system.
To improve the security of the system, the model designs
multiple mechanisms to mitigate common cyber attacks. For example,
through the distributed nature of blockchain, it can withstand
denial-of-service attacks. Through cryptography, it can prevent
man-in-the-middle attacks, and through ensuring the immutability of
data, it can prevent data tampering attacks. WiMi's research team
has conducted a comprehensive security analysis of the proposed
model, proving its robustness in the face of common cyber-attacks,
such as denial-of-service attacks (DoS), man-in-the-middle attacks
( MITM) and data tampering.
As technology develops and user needs change, the identity
management model needs to be continuously optimized and updated.
This includes updating the logic of smart contracts, improving
trust calculation methods, enhancing the user experience of the
user interface, etc. WiMi will continue to optimize the model to
adapt to the ever-changing cloud computation and security
requirements, bringing revolutionary improvements to data security
and trust management in the enterprise.
This innovative achievement of WiMi not only marks an important
step for the company in the application of blockchain technology
but also provides new ideas and solutions for the security
development of the entire cloud computing industry. With the
continuous maturity and application of the technology, we have
reason to believe that the decentralized trust
management system based on blockchain will become an important part
of enterprise security.
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.