BEIJING, July 29,
2024 /PRNewswire/ -- WiMi Hologram Cloud Inc.
(NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram
Augmented Reality ("AR") Technology provider, today announced a
blockchain-based privacy security protection framework will provide
an innovative solution for secure data sharing and collaboration in
smart cities, which not only integrates the advantages of
decentralization, transparency, and immutability of blockchain
technology, but also deeply integrates a variety of advanced
encryption and authentication technologies, aiming to establish a
sharing ecosystem for IoT data in smart cities that is both secure
and efficient, and to ensure IoT data security and integrity.
In the blockchain-based privacy and security protection
framework, a decentralized network is first created
through a secure initialization process where all participating IoT
devices and users are subject to strict authentication and
registration. This process uses public key infrastructure (PKI) to
issue digital certificates to ensure the authenticity and
legitimacy of each participant, laying a foundation of trust for
subsequent data exchanges.
In terms of data protection, the blockchain-based privacy and
security protection framework employs a multi-layered encryption
strategy. Data is encrypted when it is generated, and symmetric
encryption algorithms such as AES are used to ensure data
confidentiality in transit and at rest. Meanwhile, asymmetric
encryption techniques (e.g., RSA) are used for key exchange to
further enhance data security. In addition, data hash processing
ensures data integrity and any unauthorized modifications to the
data can be quickly detected.
In addition, to ensure that only authorized users can access the
data, the blockchain-based privacy and security protection
framework implements strict access control mechanisms. This
includes role-based access control as well as fine-grained
attribute-based access control, which allows the system to
dynamically adjust access rights based on users' roles, attributes,
and contextual conditions. In addition, the introduction of
one-time passwords strengthens the security of the login and
transaction processes, effectively preventing replay attacks and
unauthorized access attempts.
WiMi's blockchain-based privacy security protection framework
provides a comprehensive and innovative solution for the secure
sharing of IoT data in smart cities. It not only solves the
security vulnerabilities of traditional centralized repositories,
but also realizes secure data transmission, storage and access
control by combining blockchain and advanced encryption
technologies, laying a solid foundation for the sustainable
development of smart cities. In the future, with the continuous
maturity of the technology and the expansion of application
scenarios, the blockchain-based privacy security protection
framework is expected to become important in pushing smart cities
towards higher security standards and deeper data
collaboration.
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.