BEIJING, Nov. 1, 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 the
Federal Learning on Blockchain (FLoBC), aiming to address two core
challenges in the current data science field by integrating
cutting-edge advances with blockchain technology and federated
learning. The two challenges are data privacy protection and
efficient training of large-scale machine learning models.
Federated learning is a distributed machine-learning approach
that allows models to be trained collaboratively without directly
exchanging or centralizing raw data. This mechanism effectively
protects user privacy by performing local model training on each
participating node (e.g., mobile devices, enterprise servers, etc.)
and sharing only updates to model parameters rather than raw data.
However, the traditional federated learning framework faces
problems such as inefficient communication and slow model
convergence when facing large-scale, decentralized
datasets, which is the key breakthrough direction of the
blockchain-based federated learning framework researched by
WiMi.
Blockchain technology, with its tamper-proof, transparent and
distributed nature, provides a new foundation of trust for data
sharing and transactions. In the blockchain-based federated
learning framework, blockchain not only serves as a distributed
ledger to record every transaction of model update to ensure the
transparency and verifiability of the training process, but also
automates the management of verification, integration and incentive
mechanism of model update through smart contracts, which
facilitates collaboration and trust building in a
decentralized environment.
The blockchain-based federated learning framework utilizes the
distributed nature of blockchain networks to design an efficient
set of inter-node communication protocols and task scheduling
algorithms that enable multiple nodes to process different parts of
model training in parallel, significantly accelerating the training
process. This mechanism is particularly suitable for processing
large datasets and optimises computational resources.
In addition, by constructing an autonomous learning network
without a central coordinator, the blockchain-based federated
learning framework ensures system resistance to a single point of
failure. Each participating node can independently validate model
updates, maintaining the consistency and stability of the entire
network.
WiMi's blockchain-based federated learning framework has a wide
range of applications, involving sensitive data and large-scale
model training, from financial risk control, and healthcare data
analysis to personalized recommendation systems. However, many
technical challenges need to be overcome to realize this vision,
including improving cross-chain interoperability to expand data
sources, enhancing encryption algorithms to protect the privacy of
model updates further, and optimizing incentives to attract more
participants to join the federated learning network.
The blockchain-based federated learning framework is not only an
attempt to deeply integrate the existing federated learning and
blockchain technologies, but also a forward-looking response to the
demand for privacy protection and efficient computation in the
future data economy. It integrates the advantages of federated
learning to protect data privacy by training models locally with
the decentralized and transparent characteristics of
blockchain, and creates an innovative path to maximize data value
under the premise of protecting data privacy by ensuring the
credibility of model updates, establishing an effective incentive
mechanism, and strengthening security, which is the cutting-edge
direction for the integration of current data science and privacy
protection technologies. With the continuous development of
technology and the deepening of application exploration, the
blockchain-based federated learning framework is expected to become
an important driving force to promote the development of artificial
intelligence and data science.
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
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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.
