BEIJING, Aug. 6, 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 trusted
collaborative learning (TrusCL) framework for IoT which is a
solution for the privacy-preserving and computational requirements
of collaborative learning in AIoT environments. The TrusCL
framework is combined with Homomorphic Encryption (HE) and
Differential Privacy (DP) techniques, both of which are significant
in the field of data protection and privacy enhancement.
Homomorphic encryption allows direct computation on encrypted
data without the need to decrypt it first, which means that the
data can be processed in an encrypted state, thus preventing data
leakage at the source. This provides strong technical support for
data privacy protection, allowing data owners to participate in the
model training process while keeping data private. The differential
privacy technique, on the other hand, further strengthens privacy
by adding random noise to the dataset to ensure that even with an
external query, no information about any particular individual can
be accurately inferred. Combining homomorphic encryption and
differential privacy, the TrusCL framework achieves a balance
between privacy protection and model learning efficiency, which
ensures the quality of model training and maintains the data
privacy of the participants.
WiMi also added another layer of security by introducing
blockchain technology into the TrusCL framework. All key activities
of collaborative learning, including model updates, data
contribution proofs and computation processes, will be recorded on
the blockchain in a tamper-proof manner. This transparency and
traceability effectively inhibit dishonest behavior, and any
attempts to manipulate data or computation results will be promptly
detected and blocked. The blockchain's smart contracts also
automatically enforce the terms of the agreement, ensuring that the
participants' computational behavior conforms to predefined rules,
thus promoting a fair, transparent and trustworthy collaborative
environment.
For model demanders, the blockchain-based IoT secure and
trustworthy collaborative learning framework provides a secure and
efficient platform that enables them to use sensitive data to
securely train machine learning models without direct access to
that data. The framework also supports dynamic adjustment of
participants' contribution and reward mechanisms to incentivize the
contribution of more high-quality data and computational resources,
further improving the accuracy and generalization of model
training.
The WiMi's blockchain-based secure and trustworthy collaborative
learning framework for IoT opens a path to higher security and
trustworthiness for collaborative learning in the AIoT era through
cutting-edge technology integration. With the in-depth application
and continuous optimization of this framework, data sharing and
intelligent analysis in AIoT will be more secure and efficient in
the future, which will lay a solid foundation for the deepening
development of Industry 4.0.
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.