BEIJING, Nov. 20,
2024 /PRNewswire/ -- WiMi Hologram Cloud Inc.
(NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram
Augmented Reality ("AR") Technology provider, today announced that
they are actively exploring consensus algorithms for
blockchain-based Internet of Things (IoT) applications, aiming to
address the compatibility issues between IoT devices and blockchain
networks.
The consensus algorithm for blockchain-based Internet of Things
applications can be dynamically adjusted based on the specific
requirements of the IoT. For example, parameters such as block size
and transaction confirmation time can be adjusted to accommodate
different application scenarios and performance needs. By
optimizing key parameters that impact scalability and throughput,
it ensures fast data processing capability and low-latency response
even under heavy network load. The selection of master nodes and
validation nodes is done through an anonymous mechanism, which
enhances the network's resistance to attacks while protecting the
identity information of the nodes, thus strengthening the overall
security of the system.
The consensus algorithm for blockchain-based Internet of Things
applications, researched by WiMi, not only solves the compatibility
challenges between IoT devices and blockchain networks, but also
opens up vast development opportunities for future IoT
applications. With the continuous evolution of technology, the
integration of IoT and blockchain will give rise to more innovative
applications and drive the prosperity of the digital economy. For
example, in supply chain management, IoT can monitor the real-time
logistics status of products, while blockchain can ensure the
authenticity and tamper resistance of this data, thereby improving
the transparency and efficiency of the supply chain. In smart
cities, IoT can collect various urban operational data, while
blockchain can provide a secure and reliable platform for storing
and analyzing this data, helping city administrators make more
scientific and accurate decisions. The integration of IoT and
blockchain is a trend that will bring more convenience and
possibilities to our lives. In the future, the combination of IoT
and blockchain will demonstrate its immense potential and value in
more fields.
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.
