BEIJING, Sept. 9,
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 developed a blockchain-based asynchronous federated learning
(BAFL). The framework combines blockchain technology and
asynchronous learning mechanisms to build a federated learning
environment that is both efficient and secure.
Blockchain, with its decentralization, immutability and
transparency, has become an important means to guarantee the
security of federated learning systems. In BAFL, blockchain records
the history of each model update to ensure the integrity and
traceability of model data and prevent malicious tampering.
Meanwhile, the consensus mechanism of blockchain can identify and
exclude abnormal behaviors and enhance the system's ability to
resist poisoning attacks.
Compared to traditional synchronous federated learning,
asynchronous learning allows participating devices to flexibly
upload model updates according to their conditions without waiting
for all devices to complete a training round. This mechanism can
significantly improve the flexibility and efficiency of the
learning process, especially in environments with high network
latency or limited communication between devices. The asynchronous
learning mechanism avoids the limitation of waiting for all devices
to complete training, speeds up global model aggregation, and can
improve the overall learning efficiency. In addition, the
asynchronous mode allows devices to participate in learning under
poor network conditions or limited resources, which makes the
system more adaptable and enhances its popularity.
WiMi's BAFL aims to solve the problem of data silos and improve
the efficiency of model training while safeguarding data security
and privacy, which not only solves the inherent security and
efficiency problems of federated learning, but also opens up a new
path for the distributed training of AI models, and is expected to
drive data-driven intelligent applications into a new stage of
greater security and efficiency. The blockchain-based asynchronous
federated learning framework also shows broad application prospects
in various fields such as healthcare, finance, and smart
manufacturing. For example, in the healthcare field, hospitals and
research institutions, BAFL can be used to share medical record
data for joint training of disease prediction and diagnostic
models, while protecting patient privacy. In the financial sector,
banks and financial institutions can use BAFL to train credit risk
assessment models and improve the accuracy of risk identification
while complying with data protection regulations. In smart
manufacturing, industrial equipment manufacturers can use BAFL to
optimize production processes and achieve predictive maintenance
and quality control by analyzing data from different factories
without fear of data leakage. In the future, BAFL will be a
comprehensive technology ecosystem that involves collaborative
innovation at multiple levels, including algorithms, hardware,
software, policy and marketing.
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.
